期刊
JOURNAL OF FINANCIAL STABILITY
卷 9, 期 4, 页码 759-777出版社
ELSEVIER SCIENCE INC
DOI: 10.1016/j.jfs.2012.08.001
关键词
Banking; Politics; Banks performance; Post-transition countries
study examines the impact of political factors on the behaviour and performance of commercial banks in 11 Central European countries from 1995 to 2008. Using a unique dataset of commercial banks and political factors, we find that state-owned banks report significantly smaller net interest income ratios during the years of parliamentary elections. The proxy cumulative amount of net interest income lost by state-owned banks during the election years equals, on average, 0.38% of each country's GDP. The decrease in the profitability of state-owned banks is caused primarily by the lower interest rates charged on loans. In contrast, we document that the lending growth of state-owned banks is not affected by the political cycle. Hence, to a certain extent, this study supports the view that state-owned banks constitute a tool that serves political goals in Central European countries. (C) 2012 Elsevier B. V. All rights reserved.
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