The impact of government assistance on banks’ efficiency

Autor:	Md. Jahir Uddin Palas, Fernando Moreira
Jazyk:	angličtina
Rok vydání:	2020
Předmět:	Finance Economics and Econometrics Government bank efficiency business.industry Accounting Economics government assistance electoral donations business
Zdroj:	Palas, M J U & Moreira, F 2020, ' The impact of government assistance on banks’ efficiency ', International Journal of Finance and Economics, vol. N/A, pp. 1-18 . https://doi.org/10.1002/ijfe.2239
Popis:	This study investigates the impact of the Capital Purchase Programme (CPP) on recipient banks’ efficiency. Using data from 2000 to 2017, we first conduct Difference-in-Differences (DiD) analyses as typically done in the related literature. However, given the limitations of the DiD approach in this context, we proceed with Instrumental Variable analyses by adopting three innovative instruments based on the influence of donations to political campaigns on receiving government support. We find that CPP assistance have a significant negative causal relationship with recipient banks’ efficiency. Our results are robust to alternative sample specifications and estimation methods.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::59591dbfbb3685105bbde12bfdddadd3 https://www.pure.ed.ac.uk/ws/files/157814392/PalasMoreiraIJFE2020TheImpactOfGovernmentAssistance.pdf Zobrazit plný text záznamu