기업 단기차입 선호가 외국은행 대출 관계를 강화시키는가?

This paper analyzes the relationship between the firm’s borrowing maturity structure and foreign bank relations by using Korean listed firms during the period of 2002∼2006. We used the short－term borrowing proportion as the debt maturity structure. The foreign bank presence, the proportion of foreign bank loans, and the proportion of 3 commercial foreign bank loans were used as foreign bank relationship proxies.
According to the results of analysis, we found that the higher proportion of short－term borrowings, the higher presence of foreign bank loans or the higher proportion of foreign bank loans. The firms with higher short－term borrowing ratios are likely to have the stronger relations with foreign banks. Firms familiar with short－term borrowings are likely to be preferred by foreign banks.
This paper gives an additional contribution to the prior research area of foreign banks or capitals by showing the relationship between firm’s short－term borrowing preferences and the foreign bank relations. In addition, this paper gives policy implications on both the foreign banks and the short term market capitals.