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Relationship between Firm Age and Government-owned Banks
Journal of Insurance and Finance
2014, 25(3),
pp.61-96
Publisher : Korea Insurance Research Institute
Research Area : Business Management
Publisher : Korea Insurance Research Institute
Research Area : Business Management
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This paper analyzed the relationship between the government-owned banks and firm age, by using the data of listed Korean firms. For the analysis, we used the ratio of the government-owned bank loan to total bank loan and the ratio of the government-owned bank loan to total financing from outer sources, as measurements of the relations between main banks and government-owned banks. We adopted the firm age both since its foundation year and since listed year as measurements of firm age. The result of empirical analysis showed that the younger firms in Korea are likely to have a stronger relations with government-owned banks. On the other hand, the large firm groups are not likely to have a stronger relations with government-owned banks than does the small and medium firm groups.
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