Political influence and the banking sector: Evidence from Korea

被引：4

作者：

An, Jaewook ^{[1
]}

Bae, Sang-Kun

Ratti, Ronald A.

机构：

[1] Kyung Hee Univ, Dept Econ, Seoul, South Korea

[2] Korea Econ Res Inst, Seoul, South Korea

[3] Univ Missouri, Dept Econ, Columbia, MO USA

来源：

OXFORD BULLETIN OF ECONOMICS AND STATISTICS | 2007年 / 69卷 / 01期

关键词：

GOVERNMENT OWNERSHIP; DEVELOPING-COUNTRIES; COMMERCIAL-BANKS; EMERGING MARKETS; X-EFFICIENCY; PRIVATIZATION; PERFORMANCE; ECONOMIES; PRIVATE; IMPACT;

D O I：

10.1111/j.1468-0084.2007.00465.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper uses panel data to compare the performance of Korean banks with and without effective government control of the appointment of chief operating officers. A privatization programme succeeded in spreading ownership of banks widely among the public, but government retention of an ownership stake in an institution meant de facto control by government. Despite charging lower loan rates, banks controlled by government experience higher bad loans ratios. This is in line with expectations of regulatory forbearance and government protection for recipients of political loans. Banks controlled by government are less efficient than privately controlled banks and bad loan variables are higher at banks with lower efficiency scores.

引用

页码：75 / 98

页数：24