Arbeitspapier
Elections hinder firms' access to credit
To analyze whether the occurrence of elections affects access to credit for firms, we perform an investigation using firm-level data covering 44 developed and developing countries. The results show that elections impair access to credit. Specifically, firms are more credit-constrained in election years and pre-election years as elections exacerbate political uncertainty. While lower credit demand is a tangible negative effect of elections, their occurrece per se does not seem to affect credit supply. We further establish that the design of political and financial systems affects how elections influence access to credit.
- ISBN
-
978-952-323-401-7
- Sprache
-
Englisch
- Erschienen in
-
Series: BOFIT Discussion Papers ; No. 3/2022
- Klassifikation
-
Wirtschaft
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- Thema
-
elections
access to credit
credit constraints
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Léon, Florian
Weill, Laurent
- Ereignis
-
Veröffentlichung
- (wer)
-
Bank of Finland, Bank of Finland Institute for Emerging Economies (BOFIT)
- (wo)
-
Helsinki
- (wann)
-
2022
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Léon, Florian
- Weill, Laurent
- Bank of Finland, Bank of Finland Institute for Emerging Economies (BOFIT)
Entstanden
- 2022
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