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private or public commercial banks, and loans provided by the National Bank for Economic and Social Development (BNDES) either … distribution. Regarding the BNDES, indirect loans were the most robust and significant because this lending facility especially …
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. We study the effect of loans and equity investments of the Brazilian National Development Bank (BNDES) and find that they … expenditures due to the subsidies accompanying loans. However, BNDES does not systematically lend to underperforming firms. Our … results indicate that BNDES subsidizes firms that could fund their projects with other sources of capital. …
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Chinese city commercial banks are well-suited for exploring the impact of local economic growth on bank performance. We find that local economic growth has a negative impact on profits efficiency of city commercial bank. Moreover, the magnitude of the impact is very large. The findings suggest...
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