G2TT
来源类型Discussion paper
规范类型论文
来源IDDP3185
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
URLhttps://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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