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Bank ownership and credit cycle : the lower sensitivity of public bank lending to the business cycle

Duprey, Thibaut - 2012

Persistent link: https://www.econbiz.de/10009714020

Bank Ownership and Credit Cycle : The Lower Sensitivity of Public Bank Lending to the Business Cycle

Duprey, Thibaut - 2013

crisis, which would otherwise blur the picture. I find that (i) public bank lending is significantly less cyclical than that … lending cyclicality. Then, the lower co-movement of public bank loans with macroeconomic fluctuations reveals both (a) a less … efficient public bank lending cyclicality, while evidences suggest it may reveal an inefficient credit allocation for less …

Persistent link: https://www.econbiz.de/10013089476

Political selection of firms into privatization programs : evidence from Romanian comprehensive data

Szentpéteri, Ádám; Telegdy, Álmos - 2009

Exploiting a unique institutional feature of the early Romanian privatization setup, when a group of firms was … explicitly barred from any privatization, we test how politicians select firms into privatization. Using comprehensive data that … includes all firms inherited from socialism, we estimate the relation between pre-privatization firm characteristics the …

Persistent link: https://www.econbiz.de/10003919610

Firm ownership and rent sharing

Monteiro, Natália Pimenta; Portela, Miguel; Straume, … - 2010

We analyse – theoretically and empirically – how private versus public ownership of firms affects the degree of rent sharing between firms and their workers. Using a particularly rich linked employer-employee dataset from Portugal, covering a large number of corporate ownership changes...