Government Ownership of Banks

Rafael La Porta, Florencio Lopez‐ De‐Silanes and Andrei Shleifer

Journal of Finance, 2002, vol. 57, issue 1, 265-301

Abstract: 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 and 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 capita income and productivity. This evidence supports “political” theories of the effects of government ownership of firms.

Date: 2002
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https://doi.org/10.1111/1540-6261.00422

Related works:
Working Paper: Government Ownership of Banks (2002)
Working Paper: Government Ownership of Banks (2001)
Working Paper: Government Ownership of Banks (2000)
Working Paper: Government Ownership of Banks (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jfinan:v:57:y:2002:i:1:p:265-301

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