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| Author: | Haan, L. de Sterken, E. |
| Title: | The impact of monetary policy on the financing behaviour of firms in the Euro area and the UK |
| Journal: | European Journal of Finance
2006 : JUL, VOL. 12:5, p. 401-420 |
| Index terms: | bank lending corporate finance credit monetary policy |
| Language: | eng |
| Abstract: | This paper examines the effect of monetary policy on the financing behaviour of companies. The authors study bank-dependent companies, which are more affected by monetary policy decisions than companies which have the capability to raise non-bank forms of external finance. The sensitivity of corporate debt structures to changes in the monetary policy stance is analysed with a sample of 22 000 companies in the Euro area and the UK. |
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