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The Politics of Related Lending
| Content Provider | Scilit |
|---|---|
| Author | Halling, Michael Pichler, Pegaret Stomper, Alex |
| Copyright Year | 2016 |
| Description | We analyze the profitability of government-owned banks’ lending to their owners, using a unique data set of relatively homogeneous government-owned banks; the banks are all owned by similarly structured local governments in a single country. Making use of a natural experiment that altered the regulatory and competitive environment, we find evidence that such lending was used to transfer revenues from the banks to the governments. Some of the evidence is particularly pronounced in localities where the incumbent politicians face significant competition for reelection. |
| Related Links | https://www.econstor.eu/bitstream/10419/107913/1/80711720X.pdf https://www.cambridge.org/core/services/aop-cambridge-core/content/view/81C6C9491E827E163A5FF897B0C6CF3B/S0022109016000132a.pdf/div-class-title-the-politics-of-related-lending-div.pdf |
| Ending Page | 358 |
| Page Count | 26 |
| Starting Page | 333 |
| ISSN | 00221090 |
| e-ISSN | 17566916 |
| DOI | 10.1017/s0022109016000132 |
| Journal | Journal of Financial and Quantitative Analysis |
| Issue Number | 1 |
| Volume Number | 51 |
| Language | English |
| Publisher | Cambridge University Press (CUP) |
| Publisher Date | 2016-02-01 |
| Access Restriction | Open |
| Subject Keyword | Journal of Financial and Quantitative Analysis Owned Banks |
| Content Type | Text |
| Resource Type | Article |
| Subject | Finance Accounting Economics and Econometrics |