Chernykh, Lucy; Theodossiou, Alexandra K. - In: Multinational Finance Journal 15 (2011) 3-4, pp. 193-216
We investigate the determinants of the banks' propensity to make long-term business loans in an emerging market context. Using a large sample of Russian banks, we find that the median bank allocates only 0.5% of its assets in long-term business loans and that there is wide cross-sectional...