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@article{ART002209116},
author={Seo, Jiyong},
title={The Study on the Effect of Housing Price Change on Lending Strategy Behavior : Evidence from Crowding-Out Behavior in Korean Banks},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2017},
volume={92},
pages={75-85},
doi={10.15793/kspr.2017.92..005}

TY - JOUR
AU - Seo, Jiyong
TI - The Study on the Effect of Housing Price Change on Lending Strategy Behavior : Evidence from Crowding-Out Behavior in Korean Banks
JO - The Korea Spatial Planning Review
PY - 2017
VL - 92
IS - null
PB - 국토연구원
SP - 75
EP - 85
SN - 1229-8638
AB - Current study focused on the recent studies reporting that upward of housing price may result in reduction of corporate loan. Furthermore, as the research motivation, current study needed to examine on shrinking lending behavior shown in the Korean banks because economic condition in domestic market is depressed even though low interest rate and upward housing price are been showing over recent years. Considering recent studies, Chakraborty, Goldstein and MacKinlay(2016) and Tai(2016), this study examined whether the so-called crowding-out behavior exists in the Korean banks. As the research theme, this study analyzed the relationship between the change of loan portfolio and that of housing price in Korea by using Arellano-Bond dynamic panel data model. Main findings from the empirical test are as follows. First, upward of housing prices in nation and Seoul lead to decreasing SME(small and medium sized enterprise) loan weight within loan portfolio of Korean banks. Second, macro-economic and financial market factors related with making Korean banks cut SME loan are low interest rate and low market liquidity. Third, it is confirmed that bank characteristics affecting SME loan’s reduction are mostly high risk level and low profitability. As a conclusion, it needs to be recognized that smoothing SME financing may be constrained under the stance of low interest rate with rising housing price.
KW - Upward of Housing Price;Crowding-Out Behavior;Loan Portfolio;Low Interest Rate;Market Liquidity
DO - 10.15793/kspr.2017.92..005
ER -

Seo, Jiyong. (2017). The Study on the Effect of Housing Price Change on Lending Strategy Behavior : Evidence from Crowding-Out Behavior in Korean Banks. The Korea Spatial Planning Review, 92, 75-85.

Seo, Jiyong. 2017, "The Study on the Effect of Housing Price Change on Lending Strategy Behavior : Evidence from Crowding-Out Behavior in Korean Banks", The Korea Spatial Planning Review, vol.92, pp.75-85. Available from: doi:10.15793/kspr.2017.92..005

Seo, Jiyong "The Study on the Effect of Housing Price Change on Lending Strategy Behavior : Evidence from Crowding-Out Behavior in Korean Banks" The Korea Spatial Planning Review 92 pp.75-85 (2017) : 75.

Seo, Jiyong. The Study on the Effect of Housing Price Change on Lending Strategy Behavior : Evidence from Crowding-Out Behavior in Korean Banks. 2017; 92 75-85. Available from: doi:10.15793/kspr.2017.92..005

Seo, Jiyong. "The Study on the Effect of Housing Price Change on Lending Strategy Behavior : Evidence from Crowding-Out Behavior in Korean Banks" The Korea Spatial Planning Review 92(2017) : 75-85.doi: 10.15793/kspr.2017.92..005

Seo, Jiyong. The Study on the Effect of Housing Price Change on Lending Strategy Behavior : Evidence from Crowding-Out Behavior in Korean Banks. The Korea Spatial Planning Review, 92, 75-85. doi: 10.15793/kspr.2017.92..005

Seo, Jiyong. The Study on the Effect of Housing Price Change on Lending Strategy Behavior : Evidence from Crowding-Out Behavior in Korean Banks. The Korea Spatial Planning Review. 2017; 92 75-85. doi: 10.15793/kspr.2017.92..005

Seo, Jiyong. The Study on the Effect of Housing Price Change on Lending Strategy Behavior : Evidence from Crowding-Out Behavior in Korean Banks. 2017; 92 75-85. Available from: doi:10.15793/kspr.2017.92..005

Seo, Jiyong. "The Study on the Effect of Housing Price Change on Lending Strategy Behavior : Evidence from Crowding-Out Behavior in Korean Banks" The Korea Spatial Planning Review 92(2017) : 75-85.doi: 10.15793/kspr.2017.92..005