Long-term finance provision: National development banks vs commercial banks

Autores
Hu, Bo; Schclarek Curutchet, Alfredo; Xu, Jiajun; Yan, Jianye
Año de publicación
2022
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
Despite its practical significance in promoting long-term economic growth, long-term finance is often in short supply, especially in developing countries. Governments in both developed and developing countries have established national development banks (NDBs) to provide much-needed long-term loans. We have built the first database on NDBs worldwide to systematically examine whether NDBs lend longer than commercial banks in deciding the maturity of their loans. We find that long-term loans constitute a larger proportion of the total loan portfolio in NDBs than that in commercial banks in general and privately owned commercial banks in particular. This result is statistically significant after controlling for country- and bank-level factors. Our study contributes to the literature on loan maturity because we are the first to use a comprehensive panel data to systematically examine whether NDBs—an understudied but important financial intermediary—play a maturity-lengthening role in filling the financing gap.
Fil: Hu, Bo. Peking University; China
Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Córdoba; Argentina
Fil: Xu, Jiajun. Peking University; China
Fil: Yan, Jianye. China Agricultural University; China
Materia
COMMERCIAL BANKS
LOAN MATURITY
LONG-TERM FINANCE
NATIONAL DEVELOPMENT BANKS
Nivel de accesibilidad
acceso abierto
Condiciones de uso
https://creativecommons.org/licenses/by-nc/2.5/ar/
Repositorio
CONICET Digital (CONICET)
Institución
Consejo Nacional de Investigaciones Científicas y Técnicas
OAI Identificador
oai:ri.conicet.gov.ar:11336/201570
Acceder
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network_acronym_str CONICETDig
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network_name_str CONICET Digital (CONICET)
spelling Long-term finance provision: National development banks vs commercial banksHu, BoSchclarek Curutchet, AlfredoXu, JiajunYan, JianyeCOMMERCIAL BANKSLOAN MATURITYLONG-TERM FINANCENATIONAL DEVELOPMENT BANKShttps://purl.org/becyt/ford/5.2https://purl.org/becyt/ford/5Despite its practical significance in promoting long-term economic growth, long-term finance is often in short supply, especially in developing countries. Governments in both developed and developing countries have established national development banks (NDBs) to provide much-needed long-term loans. We have built the first database on NDBs worldwide to systematically examine whether NDBs lend longer than commercial banks in deciding the maturity of their loans. We find that long-term loans constitute a larger proportion of the total loan portfolio in NDBs than that in commercial banks in general and privately owned commercial banks in particular. This result is statistically significant after controlling for country- and bank-level factors. Our study contributes to the literature on loan maturity because we are the first to use a comprehensive panel data to systematically examine whether NDBs—an understudied but important financial intermediary—play a maturity-lengthening role in filling the financing gap.Fil: Hu, Bo. Peking University; ChinaFil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Córdoba; ArgentinaFil: Xu, Jiajun. Peking University; ChinaFil: Yan, Jianye. China Agricultural University; ChinaPergamon2022-10info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/pdfhttp://hdl.handle.net/11336/201570Hu, Bo; Schclarek Curutchet, Alfredo; Xu, Jiajun; Yan, Jianye; Long-term finance provision: National development banks vs commercial banks; Pergamon; World Development; 158; 10-2022; 1-100305-750XCONICET DigitalCONICETenginfo:eu-repo/semantics/altIdentifier/doi/10.1016/j.worlddev.2022.105973info:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc/2.5/ar/reponame:CONICET Digital (CONICET)instname:Consejo Nacional de Investigaciones Científicas y Técnicas2025-09-10T13:06:50Zoai:ri.conicet.gov.ar:11336/201570instacron:CONICETInstitucionalhttp://ri.conicet.gov.ar/Organismo científico-tecnológicoNo correspondehttp://ri.conicet.gov.ar/oai/requestdasensio@conicet.gov.ar; lcarlino@conicet.gov.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:34982025-09-10 13:06:50.55CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicasfalse
dc.title.none.fl_str_mv Long-term finance provision: National development banks vs commercial banks
title Long-term finance provision: National development banks vs commercial banks
spellingShingle Long-term finance provision: National development banks vs commercial banks
Hu, Bo
COMMERCIAL BANKS
LOAN MATURITY
LONG-TERM FINANCE
NATIONAL DEVELOPMENT BANKS
title_short Long-term finance provision: National development banks vs commercial banks
title_full Long-term finance provision: National development banks vs commercial banks
title_fullStr Long-term finance provision: National development banks vs commercial banks
title_full_unstemmed Long-term finance provision: National development banks vs commercial banks
title_sort Long-term finance provision: National development banks vs commercial banks
dc.creator.none.fl_str_mv Hu, Bo
Schclarek Curutchet, Alfredo
Xu, Jiajun
Yan, Jianye
author Hu, Bo
author_facet Hu, Bo
Schclarek Curutchet, Alfredo
Xu, Jiajun
Yan, Jianye
author_role author
author2 Schclarek Curutchet, Alfredo
Xu, Jiajun
Yan, Jianye
author2_role author
author
author
dc.subject.none.fl_str_mv COMMERCIAL BANKS
LOAN MATURITY
LONG-TERM FINANCE
NATIONAL DEVELOPMENT BANKS
topic COMMERCIAL BANKS
LOAN MATURITY
LONG-TERM FINANCE
NATIONAL DEVELOPMENT BANKS
purl_subject.fl_str_mv https://purl.org/becyt/ford/5.2
https://purl.org/becyt/ford/5
dc.description.none.fl_txt_mv Despite its practical significance in promoting long-term economic growth, long-term finance is often in short supply, especially in developing countries. Governments in both developed and developing countries have established national development banks (NDBs) to provide much-needed long-term loans. We have built the first database on NDBs worldwide to systematically examine whether NDBs lend longer than commercial banks in deciding the maturity of their loans. We find that long-term loans constitute a larger proportion of the total loan portfolio in NDBs than that in commercial banks in general and privately owned commercial banks in particular. This result is statistically significant after controlling for country- and bank-level factors. Our study contributes to the literature on loan maturity because we are the first to use a comprehensive panel data to systematically examine whether NDBs—an understudied but important financial intermediary—play a maturity-lengthening role in filling the financing gap.
Fil: Hu, Bo. Peking University; China
Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Córdoba; Argentina
Fil: Xu, Jiajun. Peking University; China
Fil: Yan, Jianye. China Agricultural University; China
description Despite its practical significance in promoting long-term economic growth, long-term finance is often in short supply, especially in developing countries. Governments in both developed and developing countries have established national development banks (NDBs) to provide much-needed long-term loans. We have built the first database on NDBs worldwide to systematically examine whether NDBs lend longer than commercial banks in deciding the maturity of their loans. We find that long-term loans constitute a larger proportion of the total loan portfolio in NDBs than that in commercial banks in general and privately owned commercial banks in particular. This result is statistically significant after controlling for country- and bank-level factors. Our study contributes to the literature on loan maturity because we are the first to use a comprehensive panel data to systematically examine whether NDBs—an understudied but important financial intermediary—play a maturity-lengthening role in filling the financing gap.
publishDate 2022
dc.date.none.fl_str_mv 2022-10
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/11336/201570
Hu, Bo; Schclarek Curutchet, Alfredo; Xu, Jiajun; Yan, Jianye; Long-term finance provision: National development banks vs commercial banks; Pergamon; World Development; 158; 10-2022; 1-10
0305-750X
CONICET Digital
CONICET
url http://hdl.handle.net/11336/201570
identifier_str_mv Hu, Bo; Schclarek Curutchet, Alfredo; Xu, Jiajun; Yan, Jianye; Long-term finance provision: National development banks vs commercial banks; Pergamon; World Development; 158; 10-2022; 1-10
0305-750X
CONICET Digital
CONICET
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/doi/10.1016/j.worlddev.2022.105973
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
https://creativecommons.org/licenses/by-nc/2.5/ar/
eu_rights_str_mv openAccess
rights_invalid_str_mv https://creativecommons.org/licenses/by-nc/2.5/ar/
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Pergamon
publisher.none.fl_str_mv Pergamon
dc.source.none.fl_str_mv reponame:CONICET Digital (CONICET)
instname:Consejo Nacional de Investigaciones Científicas y Técnicas
reponame_str CONICET Digital (CONICET)
collection CONICET Digital (CONICET)
instname_str Consejo Nacional de Investigaciones Científicas y Técnicas
repository.name.fl_str_mv CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicas
repository.mail.fl_str_mv dasensio@conicet.gov.ar; lcarlino@conicet.gov.ar
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score 12.993085

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