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| Author: | Baum, C.F. (et al.) |
| Title: | Political patronage in Ukrainian banking |
| Journal: | Economics of transition
2008 : VOL. 16:3, p. 537557 |
| Index terms: | ukraine banking politics interest rates |
| Freeterms: | capitalization |
| Language: | eng |
| Abstract: | This article investigates empirically the link between political patronage and bank performance for Ukraine. There exist significant differences between politically affiliated and non-affiliated banks. The data indicates that affiliated banks have significantly lower interest rate margins and increase their capitalization. The result is that the level of activity of affiliated deputies in parliament has a positive impact on banks' capitalization ratio. On the other hand the level of activity of affiliated deputies has a negative impact on banks' interest rate margin. The results imply that political affiliation has important effects on banks' behavior. |
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