Government Ownership of Banks  

Oleh:

Lopez-De-Silances, Florencio ; Porta, Rafael La ; Shleifer, Andrei

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Journal of Finance (EBSCO) vol. 57 no. 1 (2002), page 265-302.
Topik: government; studies; banks; ownership; government; economic impact; many countries
Fulltext: p 265.pdf (162.92KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ88.5 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

We assemble data on government ownership of banks around the world. The data show that such ownership is large and pervasive, and higher in countries with low levels of per capita income, backward financial systems, interventionist an inefficient governments, and poor protection of property rights. Higher government ownership of banks in 1970 is associated with slower subsequent financial development and lower growth of per capital income and productivity. This evidence supports "political" theories of the effects of government ownership of firms.

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