Click here for search results
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:2003/05/31Document Type:Policy Research Working Paper
SubTopics:Pharmaceuticals & Pharmacoeconomics; Payment Systems & Infrastructure; Financial Crisis Management & Restructuring; Banks & Banking Reform; National Governance; Labor Policies; Financial Intermediation; DecentralizationLanguage:English
Region:The World RegionReport Number:WPS3042
Sub Sectors:BankingVolume 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 TypeDescriptionFile Size (mb)
PDF 52 pagesOfficial version*3.64 (approx.)
TextText version**
How To Order
Light-Weight Documents
Lighter (less MB) documents which may or may not be the final, official version
File TypeDescriptionFile Size (mb)
PDF 47 pagesWPS30420.25

* 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