This paper empirically investigates the link between political patronage and bank performance for Ukraine during 2003Q3-2005Q2. We find significant differences between politically affiliated and non-affiliated banks. The data suggest that affiliated banks have significantly lower interest margins. The gap between affiliated banks' and non-affiliated banks' capitalization ratios, is narrowing over time. Parliamentary deputies might use financial institutions to achieve political goals which reduces their banks' performance.
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Length: 19 pages Date of creation: 14 Feb 2007 Date of revision:
13 Feb 2008 Publication status: published, Economics of Transition, 16(3), 2008, 537-557; earlier version published (in German) as "Ukrainische Banken: Politische Patronage von Bedeutung", Wochenbericht Nr. 23/2007, DIW Berlin, pp. 367-371. Handle: RePEc:boc:bocoec:657
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Christopher F. Baum & Mustafa Caglayan & Dorothea Schäfer & Oleksandr Talavera, 2008.
"Political patronage in Ukrainian banking,"
The Economics of Transition,
The European Bank for Reconstruction and Development, vol. 16(3), pages 537-557, 07.
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Find related papers by JEL classification: G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Capital and Ownership Structure G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Rafael La Porta & Florencio Lopez-De-Silanes & Andrei Shleifer, 2002.
"Government Ownership of Banks,"
Journal of Finance,
American Finance Association, vol. 57(1), pages 265-301, 02.
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Other versions:
La Porta, Rafael & Lopez-de-Silanes, Florencio & Shleifer, Andrei, 2001.
"Government Ownership of Banks,"
Working Paper Series
rwp01-016, Harvard University, John F. Kennedy School of Government.
[Downloadable!]
Rafael La Porta & Florencio Lopezde-Silanes & Andrei Shleifer, 2000.
"Government Ownership of Banks,"
NBER Working Papers
7620, National Bureau of Economic Research, Inc.
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