Risk spillover effect of resident leverage on corporate debt

被引：0

作者：

Zhang, Qiongxin ^{[1
]}

Chen, Kaiming ^{[2
]}

Zhang, Fangfang ^{[2
]}

机构：

[1] Wenzhou Business Coll, Sch Int Studies, Wenzhou 325035, Peoples R China

[2] Wenzhou Business Coll, Sch Finance & Trade, Wenzhou 325035, Peoples R China

来源：

FINANCE RESEARCH LETTERS | 2024年 / 65卷

关键词：

Resident leverage; Corporate debt; Risk spillover effect;

D O I：

10.1016/j.frl.2024.105551

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Using panel data from 2008 to 2019, this study analyzes the risk spillover effect of resident leverage on the corporate sector. Thus, the results indicate that increasing resident leverage does not create a more favorable macroeconomic environment for an enterprise to deleverage. Instead, it worsens the debt risk of the enterprise through mechanisms such as weakening corporate solvency, changing the corporate debt maturity structure, and enhancing the financial trend.

引用

页数：6

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