التفاصيل البيبلوغرافية
| العنوان: |
Are the loans of state-owned banks politically motivated?: Are the loans of state-owned banks politically motivated?: E. Figueiredo et al. |
| المؤلفون: |
Figueiredo, Erik1 (AUTHOR) erik.figueiredo@goias.gov.br, Faria, João Ricardo2 (AUTHOR), Orrillo, Jaime3 (AUTHOR), Pereira, Rodrigo4 (AUTHOR) |
| المصدر: |
Empirical Economics. Jan2025, Vol. 68 Issue 1, p405-432. 28p. |
| مصطلحات موضوعية: |
*CREDIT control, *BANK loans, *FEDERAL government, POLITICAL science, POLITICAL affiliation |
| مستخلص: |
This paper investigates the relationship between annual disbursements of Brazil's largest development bank, BNDES, and mayors political affiliation. We explore a set of Difference-in-Difference (DiD) designs to evaluate causal effects of policy interventions. Using data of Brazilian municipalities, we find that municipalities with mayors belonging to the coalition that supports the Federal government get higher disbursements than the ones with mayors that are out of the coalition. There is strong evidence that firms located in allied municipalities receive average higher loans. Our findings support the view that political bias may distort the credit allocation of state-owned banks. [ABSTRACT FROM AUTHOR] |
|
Copyright of Empirical Economics is the property of Springer Nature and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) |
| قاعدة البيانات: |
Business Source Index |