BANK CONCENTRATION AND ENTERPRISE BORROWING COST RISK: EVIDENCE FROM ASIAN MARKETS
Journal Title: Asian Economic and Financial Review - Year 2015, Vol 5, Issue 1
Abstract
Based on data from nine Asian markets, this study investigates the relationship between bank concentration and the borrowing cost risk of firms. Over the study period, the concentration of banks increased in the developed countries and decreased in developing countries. After the 2007?2008 financial crisis, the borrowing cost risk increased in both the developed and developing economies. The empirical evidences show that bank concentration is positively related to the borrowing cost risk for developed economies only.
Authors and Affiliations
Ching-Chung Lin*| Department of International Business, Southern Taiwan University of Science and Technology, Tainan, Taiwan, Shou-Lin Yang| Department of Business Administration, National Cheng Kung University, Tainan, Taiwan, Huai-I Lee| Department of Marketing and Distribution Management, WuFeng University, Chiayi, Taiwan
Keywords
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