{"title":"经济危机对企业银行业务关系的影响：韩国的证据","authors":"Dongwoo Kim, Hoon Jung","doi":"10.1111/ecot.12428","DOIUrl":null,"url":null,"abstract":"This study tries to identify the impact of recent economic turmoil including the COVID‐19 pandemic and global financial crisis on a corporation's banking relationships. Using a wide range of unique data from 2008 to 2020 in the Korean loan market, this study compares the two crises periods to the ordinary periods. It is found that the effects of firm‐specific factors on banking relationships are strengthened (for loan amount) or weakened (for corporate size and credit rating) during the two crises. However, for the industrial sector a firm belongs to, the interaction effects of the crises show opposite signs.","PeriodicalId":40265,"journal":{"name":"Economics of Transition and Institutional Change","volume":"166 1","pages":""},"PeriodicalIF":1.0000,"publicationDate":"2024-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Impact of economic crises on corporate‐banking relationship: Evidence from Korea\",\"authors\":\"Dongwoo Kim, Hoon Jung\",\"doi\":\"10.1111/ecot.12428\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This study tries to identify the impact of recent economic turmoil including the COVID‐19 pandemic and global financial crisis on a corporation's banking relationships. Using a wide range of unique data from 2008 to 2020 in the Korean loan market, this study compares the two crises periods to the ordinary periods. It is found that the effects of firm‐specific factors on banking relationships are strengthened (for loan amount) or weakened (for corporate size and credit rating) during the two crises. However, for the industrial sector a firm belongs to, the interaction effects of the crises show opposite signs.\",\"PeriodicalId\":40265,\"journal\":{\"name\":\"Economics of Transition and Institutional Change\",\"volume\":\"166 1\",\"pages\":\"\"},\"PeriodicalIF\":1.0000,\"publicationDate\":\"2024-07-24\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Economics of Transition and Institutional Change\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.1111/ecot.12428\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economics of Transition and Institutional Change","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1111/ecot.12428","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
Impact of economic crises on corporate‐banking relationship: Evidence from Korea
This study tries to identify the impact of recent economic turmoil including the COVID‐19 pandemic and global financial crisis on a corporation's banking relationships. Using a wide range of unique data from 2008 to 2020 in the Korean loan market, this study compares the two crises periods to the ordinary periods. It is found that the effects of firm‐specific factors on banking relationships are strengthened (for loan amount) or weakened (for corporate size and credit rating) during the two crises. However, for the industrial sector a firm belongs to, the interaction effects of the crises show opposite signs.
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