haku: @indexterm banking / yhteensä: 3069
viite: 8 / 3069
Tekijä:Morck, R.
Yavuz, M.D.
Yeung, B.
Otsikko:Banking system control, capital allocation, and economy performance
Lehti:Journal of Financial Economics
2011 : MAY, VOL. 100:2, p. 264-283
Asiasana:banking
allocation
capital
economic growth
family firms
Kieli:eng
Tiivistelmä:Less efficient capital allocation is observed in countries with their banking systems more thoroughly controlled by tycoons or families. The magnitude of this effect is same as that of state control over banking. Unlike state control, tycoon or family control also has a connection with slower economic and productivity growth, more major financial instability, and worse income inequality. These findings are consistent with theories of elite-capture of a country’s financial system embedding “crony capitalism.”
SCIMA tietueen numero: 275665
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