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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP3185 |
DP3185 Psychological Foundations of Incentives | |
Ernst Fehr; Armin Falk | |
发表日期 | 2002-01-20 |
出版年 | 2002 |
语种 | 英语 |
摘要 | This Paper studies the objective function of state-owned banks. Using information on individual loan contracts, I compare the interest rate charged to two sets of companies with identical characteristics borrowing respectively from state-owned and privately owned banks. State-owned banks charge lower interest rates than do privately owned banks to similar or identical firms, even if the company is able to borrow more from privately owned banks. State-owned banks mostly favour firms located in depressed areas and large firms. The lending behaviour 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. This result is robust to including bank and firm fixed effects. |
主题 | Financial Economics ; Industrial Organization ; Public Economics |
关键词 | Government Ownership |
URL | https://cepr.org/publications/dp3185 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532207 |
推荐引用方式 GB/T 7714 | Ernst Fehr,Armin Falk. DP3185 Psychological Foundations of Incentives. 2002. |
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