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  1. Elections hinder firms' access to credit
    Author: Léon, Florian; Weill, Laurent
    Published: 9 February 2022
    Publisher:  BOFIT, the Bank of Finland Institute for Emerging Economies, Helsinki

    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.... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 686
    Inter-library loan:
    No inter-library loan

     

    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 occurrence 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.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789523234017
    Other identifier:
    hdl: 10419/249607
    Series: BOFIT discussion papers ; 2022, 3
    Subjects: elections; access to credit; credit constraints
    Scope: 1 Online-Ressource (circa 41 Seiten), Illustrationen