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

Chengchun Li; Yun Luo; Glauco De Vita

doi:10.1080/10242694.2023.2205311

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

Chengchun Li, Yun Luo, Glauco De Vita

Research output: Contribution to journal › Article › peer-review

3 Citations (Scopus)

235 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 language	English
Pages (from-to)	931-956
Number of pages	26
Journal	Defence and Peace Economics
Volume	35
Issue number	7
Early online date	24 Apr 2023
DOIs	https://doi.org/10.1080/10242694.2023.2205311
Publication status	Published - 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).

Funders	Funder number
Jiangsu Education Department	2020SJA1210
Ministry of Education China	22YJCGJW004

Keywords

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

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1080/10242694.2023.2205311

De Vita2023AAMAccepted author manuscript, 1.58 MBLicence: CC BY-NC

Cite this

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

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.",

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AU - De Vita, Glauco

N1 - 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.

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N2 - 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.

AB - 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.

KW - Cross-border lending

KW - civil conflict

KW - economic sectors

KW - syndicated loans

KW - volume of loans

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DO - 10.1080/10242694.2023.2205311

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ER -

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

Abstract

Bibliographical note

Funder

Funding

Keywords

UN SDGs

Access to Document

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