Do political connections matter for bank efficiency in times of crisis?
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Títol
Do political connections matter for bank efficiency in times of crisis?Data de publicació
2024-01-23Editor
John Wiley and Sons LtdISSN
1076-9307Cita bibliogràfica
Abdelsalam, O., Mollah, S., Tortosa-Ausina, E., & El-Masry, A. A. (2024). Do political connections matter for bank efficiency in times of crisis? International Journal of Finance & Economics, 1–24. https://doi.org/10.1002/ijfe.2927Tipus de document
info:eu-repo/semantics/articleVersió de l'editorial
https://onlinelibrary.wiley.com/doi/full/10.1002/ijfe.2927Versió
info:eu-repo/semantics/publishedVersionParaules clau / Matèries
Resum
Do political connections affect bank efficiency during crises? This study addresses this question by adopting a two-stage approach that performs a quantile regression analysis on a unique dataset of listed banks in a ... [+]
Do political connections affect bank efficiency during crises? This study addresses this question by adopting a two-stage approach that performs a quantile regression analysis on a unique dataset of listed banks in a region that has witnessed both financial and political crises, namely the Middle East and North Africa. Our results show that political connections are a driving force behind bank inefficiency. We find that the least efficient banks have the most significant association with political connections, thus supporting bailout theory. We also find that political connections influenced the efficiency of banks during the financial crisis, but not during the regional political crisis. Our results provide new evidence on the applicability of established political connection theories during political turmoil. [-]
Publicat a
International Journal of Finance & Economics (2024)Entitat finançadora
Generalitat Valenciana | Universitat Jaume I | Ministerio de Ciencia e Innovación
Codi del projecte o subvenció
CIPROM/2022/50 | UJI‐B2020‐27 | PID2020‐115450GB‐I00
Drets d'accés
© 2024 The Authors.
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
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