The effects of government ownership on bank lending

被引：616

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

页码：357 / 384

页数：28

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