Ashraf, Badar Nadeem; Arshad, Sidra; Yan, Liang - In: Journal of risk and financial management : JRFM 11 (2018) 3, pp. 1-10
weak political institutions. Strong political institutions in the form of higher constraints on policy change decisions of …This study examines whether state-owned banks face political pressure and whether the improvement in political … institutions alleviates this pressure. The theory of political benefits argues that politicians use state-owned banks for political …