The effects of government ownership on bank lending

被引：598
|
作者：
Sapienza, P
机构：
[1] Northwestern Univ, JL Kellogg Grad Sch Management, Evanston, IL 60208 USA
[2] CEPR, London EC1V 7RR, England
来源：
JOURNAL OF FINANCIAL ECONOMICS | 2004年 / 72卷 / 02期
关键词：
banking; government; ownership;
D O I：
10.1016/j.jfineco.2002.10.002
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper uses information on individual loan contracts to Study the effects of government ownership on bank lending behavior. State-owned banks charge lower interest rates than do privately owned banks to similar or identical firms, even if firms are able to borrow more from privately owned banks. State-owned banks mostly favor large firms and firms located in depressed areas. The lending behavior of state-owned banks is affected by the electoral results of the party affiliated with the bank: the stronger the political party in the area where the firm is borrowing, the lower the interest rates charged. (C) 2003 Elsevier B.V. All rights reserved.
引用
收藏
页码：357 / 384
页数：28
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