The Impact of Increased Credit Supply on Corporate Investment from the Perspective of Loan Maturity Structure

DOI

10.2991/978-94-6463-996-4_3How to use a DOI?

Keywords

Loan Maturity; Corporate Investment; Financing Constraints

Abstract

Simple aggregate analysis fails to explain the weakening link between credit growth and economic growth. Based on data from China’s A-share listed companies from 2002 to 2022, this study empirically examines, from a micro perspective, how the short-term loan maturity structure hampers new corporate investments. This conclusion remains valid after robustness tests and endogeneity adjustments. Further empirical results show that a higher share of short-term loans impacts investment due to increased liquidity risks and financing constraints. The findings provide insights for guiding the optimization of credit structure adjustments.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Jiayi Mao
PY  - 2026
DA  - 2026/02/15
TI  - The Impact of Increased Credit Supply on Corporate Investment from the Perspective of Loan Maturity Structure
BT  - Proceedings of the 2025 7th Management Science Informatization and Economic Innovation Development Conference (MSIEID 2025)
PB  - Atlantis Press
SP  - 17
EP  - 25
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-996-4_3
DO  - 10.2991/978-94-6463-996-4_3
ID  - Mao2026
ER  -