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학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
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연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 저널정보
- 한국경영과학회 Management Science and Financial Engineering Management Science and Financial Engineering Vol.19 No.1
- 발행연도
- 2013.5
- 수록면
- 43 - 47 (5page)
이용수
초록· 키워드
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We investigate the effect of bank’s market power on financing constraints of non-financial firms in 11 Asian countries between 1995 and 2009. Using firm-level data we analyze financial constraints with the Euler equation derived from the dynamic investment model. We find that with a highly concentrated banking sector firms which have high market power are less financially constrained. These results are consistent with an information-based hypothesis that more market power increases bank’s advantage to produce information on potential borrowers.
목차
ABSTRACT
1. INTRODUCTION
2. MODEL AND ESTIMATION
3. DATA
4. EMPIRICAL RESULTS
5. CONCLUSIONS
REFERENCES
참고문헌 (10)
참고문헌 신청
1. [학술지(정기간행물)] - Beck, T. / 2004 / Bank competition and access to finance: International evidence / Journal of Money, Credit and Banking 36 : 627 ~ 648
2. [학술지(정기간행물)] - Berger, A. N. / 2004 / Bank concentration and competition: An evolution in the making / Journal of Money, Credit and Banking 36 : 433 ~ 451
3. [학술지(정기간행물)] - Boot, A. / 2000 / Can relationship banking survive competition? / Journal of Finance 55 : 679 ~ 713
4. [단행본] - Gilchrist, S. / 1998 / Investment, fundamentals and finance, In NBER Macroeconomics Annual / MIT Press : 223 ~ 261
5. [학술지(정기간행물)] - Hall, P. / 1996 / Bootstrap critical values for tests based on generalized-method-of-moments estimators / Econometrica 64 : 891 ~ 916
2. [학술지(정기간행물)] - Berger, A. N. / 2004 / Bank concentration and competition: An evolution in the making / Journal of Money, Credit and Banking 36 : 433 ~ 451
3. [학술지(정기간행물)] - Boot, A. / 2000 / Can relationship banking survive competition? / Journal of Finance 55 : 679 ~ 713
4. [단행본] - Gilchrist, S. / 1998 / Investment, fundamentals and finance, In NBER Macroeconomics Annual / MIT Press : 223 ~ 261
5. [학술지(정기간행물)] - Hall, P. / 1996 / Bootstrap critical values for tests based on generalized-method-of-moments estimators / Econometrica 64 : 891 ~ 916
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UCI(KEPA) : I410-ECN-0101-2014-320-002604262