Bank loan supply in the financial crisis: Evidence from the role of political connection

Wei Che Tsai, Wei Yuan Wang, Po Hsin Ho, Chih Yung Lin

研究成果: 雜誌貢獻期刊論文同行評審

5 引文 斯高帕斯(Scopus)

摘要

We investigate the changes in bank loan supply during the 2007-2008 financial crisis, with particular focus on the influence of political connections. We demonstrate that although political connections can help firms obtain lower loan rates during the precrisis period, such benefits disappear in the postcrisis period. Moreover, the loan acceptance ratio for politically connected firms is enhanced in the postcrisis period, especially for the politically connected firms with high risks. Evidence reveals that the focus of the benefits for politically connected firms is more likely to shift from the loan rate to the loan acceptance ratio during the postcrisis period.

原文???core.languages.en_GB???
頁(從 - 到)487-497
頁數11
期刊Emerging Markets Finance and Trade
52
發行號2
DOIs
出版狀態已出版 - 1 2月 2016

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