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| Tekijä: | Dinc, I.S. |
| Otsikko: | Politicians and banks: political influences on government-owned banks in emerging markets |
| Lehti: | Journal of Financial Economics
2005 : AUG, VOL. 77:2, p. 453-479 |
| Asiasana: | banking company ownership corporate governance corruption political economy |
| Kieli: | eng |
| Tiivistelmä: | Government ownership of banks is very common in countries other than the USA. Cross-country, bank-level empirical evidence about political influences on these banks is provided in this article. It is shown that government-owned banks increase their lending in election years relative to private banks. This effect is robust to controlling for country-specific macroeconomic and institutional factors as well as bank-specific factors |
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