Bermpei, Theodora; Kalyvas, Antonios Nikolaos; Leonida, … - 2019
Using a conviction-based measure, we find that local (state-level) public corruption exerts a negative effect on the … lending activity of US banks. Our baseline estimations show that the difference in public corruption between, e.g., Alabama …, where corruption is high, and Minnesota, where corruption is low, implies that banks headquartered in the former state grant …