选举阻碍企业获得信贷

IF 1 4区 经济学 Q3 ECONOMICS
Florian Léon, Laurent Weill
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引用次数: 0

摘要

为了分析选举是否会影响企业获得信贷,我们利用涵盖 44 个发达国家和发展中国家的企业级数据进行了调查。结果表明,选举会损害企业获得信贷的机会。具体而言,由于选举加剧了政治不确定性,企业在选举年和选举前获得信贷的机会较少。虽然借款人的挫败感增加是选举带来的有形负面影响,但选举本身似乎并不影响银行接受贷款。我们还发现,选举与信贷获取之间的负面关系受国家和选举特征以及企业特征的影响。
本文章由计算机程序翻译,如有差异,请以英文原文为准。

Elections hinder firms' access to credit

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 have lower access to credit in election years and pre-election years as elections exacerbate political uncertainty. While higher borrower discouragement is a tangible negative effect of elections, their occurrence per se does not seem to affect loan acceptance by banks. We also document that the negative relationship between elections and credit access is shaped by country and election characteristics as well as firm characteristics.

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来源期刊
CiteScore
1.70
自引率
11.10%
发文量
32
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