Do political connections matter for bank efficiency in times of crisis?
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Show full item recordcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
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Title
Do political connections matter for bank efficiency in times of crisis?Date
2024-01-23Publisher
John Wiley and Sons LtdISSN
1076-9307Bibliographic citation
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.2927Type
info:eu-repo/semantics/articlePublisher version
https://onlinelibrary.wiley.com/doi/full/10.1002/ijfe.2927Version
info:eu-repo/semantics/publishedVersionSubject
Abstract
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. [-]
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International Journal of Finance & Economics (2024)Funder Name
Generalitat Valenciana | Universitat Jaume I | Ministerio de Ciencia e Innovación
Project code
CIPROM/2022/50 | UJI‐B2020‐27 | PID2020‐115450GB‐I00
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© 2024 The Authors.
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
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