EconPapers    
Economics at your fingertips  
 

Heterogeneous macroprudential policies and corporate financing decisions

Yassine Bakkar and Michael Machokoto

No 2023/07, QBS Working Paper Series from Queen's University Belfast, Queen's Business School

Abstract: Utilizing data from 31,336 firms across 69 countries over the period 2011-2017, we find evidence suggesting macroprudential policies have a significant negative impact on corporate debt, particularly long-term debt. We further find that macroprudential policies have heterogeneous effects, with a greater impact observed among firms facing binding credit constraints and high market competition, as well as those operating in countries with less developed institutions. These findings underscore the importance of institutional factors in determining the effectiveness of macroprudential policies.

Keywords: Capital structure; debt maturity; macroprudential policies (search for similar items in EconPapers)
JEL-codes: G20 G30 G32 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-ban, nep-bec, nep-cba, nep-cfn, nep-fdg, nep-ifn, nep-mac and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/279524/1/wps-2023-07.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:qmsrps:279524

Access Statistics for this paper

More papers in QBS Working Paper Series from Queen's University Belfast, Queen's Business School Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().

 
Page updated 2024-01-08
Handle: RePEc:zbw:qmsrps:279524