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020 ▼a 9781088377574
035 ▼a (MiAaPQ)AAI22592453
040 ▼a MiAaPQ ▼c MiAaPQ ▼d 247004
0820 ▼a 658
1001 ▼a Zhang, Wei.
24510 ▼a Bank Liquidity Supply and Corporate Investment during the 2008-2009 Financial Crisis.
260 ▼a [S.l.]: ▼b University of Minnesota., ▼c 2019.
260 1 ▼a Ann Arbor: ▼b ProQuest Dissertations & Theses, ▼c 2019.
300 ▼a 63 p.
500 ▼a Source: Dissertations Abstracts International, Volume: 81-03, Section: A.
500 ▼a Advisor: Winton, Andrew.
5021 ▼a Thesis (Ph.D.)--University of Minnesota, 2019.
506 ▼a This item must not be sold to any third party vendors.
520 ▼a I document a line of credit channel through which bank liquidity supply shocks affected corporate investment during the 2008-2009 financial crisis. By exploiting the predetermined variation in the maturity structure of lines of credit, I find that firms whose last pre-crisis lines of credit became due at the time of the crisis (treated firms) cut investment by more than similar firms whose lines of credit were scheduled to mature after the crisis. Moreover, this effect is stronger for financially constrained firms, bank-dependent firms, and firms whose pre-crisis banks were unhealthy. Within the treated group, firms with unhealthy banks were less likely to obtain lines of credit in the crisis than those with healthy banks. Finally, in the sample of firms with lines of credit before the crisis, I find that those with unhealthy banks experienced lower growth in lines of credit and investment, but this effect is restricted only to unrated firms.
590 ▼a School code: 0130.
650 4 ▼a Finance.
690 ▼a 0508
71020 ▼a University of Minnesota. ▼b Business Administration.
7730 ▼t Dissertations Abstracts International ▼g 81-03A.
773 ▼t Dissertation Abstract International
790 ▼a 0130
791 ▼a Ph.D.
792 ▼a 2019
793 ▼a English
85640 ▼u http://www.riss.kr/pdu/ddodLink.do?id=T15493250 ▼n KERIS ▼z 이 자료의 원문은 한국교육학술정보원에서 제공합니다.
980 ▼a 202002 ▼f 2020
990 ▼a ***1008102
991 ▼a E-BOOK