题名 | Does unconventional monetary policy improve credit support for the industry chain? The mechanism of trade credit |
作者 | |
通讯作者 | Du,Zhidi |
发表日期 | 2024-03-01
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DOI | |
发表期刊 | |
ISSN | 1059-0560
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卷号 | 91页码:180-192 |
摘要 | The People's Bank of China established the Medium-term Lending Facility in 2014 with a framework of eligible collateral. Using this as a quasi-natural experiment, this study employs the difference-in-difference model to investigate the impact of unconventional monetary policy on enterprises' trade credit provision. The research findings are as follows: Firstly, unconventional monetary policy can significantly increase enterprises' trade credit provision, and the policy effect is achieved by lowering credit spreads of bonds. Secondly, for state-owned and manufacturing enterprises, the effect of unconventional monetary policy in promoting the increase in the trade credit provision is more pronounced. Furthermore, the effects of unconventional monetary policy on enterprises' trade credit provision are more pronounced in provinces with a higher degree of marketization, financial development, and capital misallocation. |
关键词 | |
相关链接 | [Scopus记录] |
语种 | 英语
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学校署名 | 其他
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Scopus记录号 | 2-s2.0-85182877508
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来源库 | Scopus
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引用统计 |
被引频次[WOS]:1
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成果类型 | 期刊论文 |
条目标识符 | //www.snoollab.com/handle/2SGJ60CL/701397 |
专题 | 商学院 |
作者单位 | 1.School of Finance,Guangdong University of Finance & Economics,Guangzhou,Guangdong,510320,China 2.School of Business,Sun Yat-Sen University,Guangzhou,Guangdong,510275,China 3.School of Business,Southern University of Science and Technology,Shenzhen,Guangdong,518055,China 4.School of Advanced International Studies,Johns Hopkins University,Washington D.C.,20036,United States 5.College of Economics,Shenzhen University,Shenzhen,Guangdong,518060,China 6.King's College London Strand Campus,London,Strand, WC2R 2ls,United Kingdom |
推荐引用方式 GB/T 7714 |
Zhou,Tao,Li,Zhongfei,Bai,Hengrui,et al. Does unconventional monetary policy improve credit support for the industry chain? The mechanism of trade credit[J]. International Review of Economics and Finance,2024,91:180-192.
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APA |
Zhou,Tao,Li,Zhongfei,Bai,Hengrui,Du,Zhidi,Huang,Jinbo,&Ding,Zengcai.(2024).Does unconventional monetary policy improve credit support for the industry chain? The mechanism of trade credit.International Review of Economics and Finance,91,180-192.
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MLA |
Zhou,Tao,et al."Does unconventional monetary policy improve credit support for the industry chain? The mechanism of trade credit".International Review of Economics and Finance 91(2024):180-192.
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条目包含的文件 | 条目无相关文件。 |
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