Civil Conflict and Cross-Border Lending: A Sectoral, Micro Lender-Level Analysis of Syndicated Loans

Chengchun Li, Yun Luo, Glauco De Vita

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2 Citations (Scopus)
127 Downloads (Pure)

Abstract

This study examines empirically the impact of civil conflict on cross-border lending. Our sample covers 165 countries over the period 1984-2019 with loan data disaggregated at the economic sectoral level (primary, secondary and tertiary sectors), an analysis that is absent in existing literature. Our results indicate that cross-border lending to the primary sector is not significantly influenced by civil conflict, whereas cross-border lending to secondary and tertiary sectors is negatively impacted by the outbreak of civil conflict, leading to a decreased volume of loans or reversals of existing loans.
Original languageEnglish
Pages (from-to)931-956
Number of pages26
JournalDefence and Peace Economics
Volume35
Issue number7
Early online date24 Apr 2023
DOIs
Publication statusPublished - 2 Oct 2024

Bibliographical note

This is an Accepted Manuscript version of the following article, accepted for publication in Defence and Peace Economics. Li, C, Luo, Y & De Vita, G 2024, 'Civil Conflict and Cross-Border Lending: A Sectoral, Micro Lender-Level Analysis of Syndicated Loans', Defence and Peace Economics, vol. 35, no. 7, pp. 931-956.

It is deposited under the terms of the Creative Commons Attribution-NonCommercial License (http://creativecommons.org/licenses/by-nc/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited.

Funder

This work was supported by the University Research Projects of Philosophy and Social Sciences in Jiangsu Province (Grant no. 2020SJA1210) and the Humanities and Social Sciences Youth Foundation of Ministry of Education in China (Grant no. 22YJCGJW004).

Funding

This work was supported by the University Research Projects of Philosophy and Social Sciences in Jiangsu Province (Grant no. 2020SJA1210) and the Humanities and Social Sciences Youth Foundation of Ministry of Education in China (Grant no. 22YJCGJW004).

FundersFunder number
University Research Projects of Philosophy and Social Sciences in Jiangsu Province2020SJA1210
Ministry of Education China22YJCGJW004

    Keywords

    • Cross-border lending
    • civil conflict
    • economic sectors
    • syndicated loans
    • volume of loans

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