Paper
Changing Bank Lending Behavior and Corporate Financing in Asia
What are the major challenges for bank lending and corporate financing in Asia?
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39 pages
This paper outlines a number of issues relating to bank lending and corporate finance that deserve further research attention.
It identifies the issues under five broad categories:
- Reasons for bank lending changes;
- Substitutes for bank lending;
- Implications for firms;
- Implications for banks;
- Implications for the financial and corporate structures.
The paper further discusses:
- Recent economic performance and bank lending behavior in Asia;
- Changes in bank lending and corporate financing.
It concludes that:
- Growth in bank lending has slowed in some Asian economies, particularly those directly affected by the financial crisis;
- In others, some segments of the economy still face tremendous barriers to obtaining finance;
- Various issues have emerged in light of changing corporate financing, bank lending, and capital market development, providing ample and interesting research opportunities;
- Sound policies are essential to reduce financial and corporate sector vulnerability to economic shocks, and to enhance the efficiency of investment.
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