Bank supervision and corporate finance

About

Countries

Data & Research

Learning

News

Projects & Operations

Publications

Topics

Home > Data & Research > Author Profile > Report Details

Bank supervision and corporate finance, Volume 1

Author:	Beck, Thorsten; Demirguc-Kunt, Asli; Levine, Ross;	Collection Title:	Policy, Research working paper ; no. WPS 3042
Country:	World;	Date Stored:	2003/05/30
Document Date:	2003/05/31	Document Type:	Policy Research Working Paper
Language:	English	Region:	The World Region
Report Number:	WPS3042	Sub Sectors:	Banking
SubTopics:	Pharmaceuticals & Pharmacoeconomics; Payment Systems & Infrastructure; Financial Crisis Management & Restructuring; Banks & Banking Reform; National Governance; Labor Policies; Financial Intermediation; Decentralization	Volume No:	1
Related Dataset:	Bank Supervision and Corruption in Lending;

Summary: The authors examine the impact of bank supervision on the financing obstacles faced by almost 5,000 corporations across 49 countries. They find that firms in countries with strong official supervisory agencies that directly monitor banks tend to face greater financing obstacles. Moreover, powerful official supervision tends to increase firm reliance on special connections and corruption in raising external finance, which is consistent with political and regulatory capture theories. Creating a supervisory agency that is independent of the government and banks mitigates the adverse consequences of powerful supervision. Finally, the authors find that bank supervisory agencies that force accurate information disclosure by banks and enhance private monitoring tend to ease the financing obstacles faced by firms.


Official Documents Official, scanned versions of documents (may include signatures, etc.)
File Type		Description	File Size (mb)

	PDF 52 pages	Official version*	3.64 (approx.)
	Text	Text version**


Light-Weight Documents Lighter (less MB) documents which may or may not be the final, official version
File Type		Description	File Size (mb)

	PDF 47 pages	WPS3042	0.25

* The official version is derived from scanning the final, paper copy of the document and is the official,
archived version including all signatures, charts, etc.

** The text version is the OCR text of the final scanned version and is not an accurate representation of the final text.
It is provided solely to benefit users with slow connectivity.

Permanent URL for this page: http://go.worldbank.org/92KJUEMCM0