منابع مشابه
Political patronage in Ukranian banking
This paper empirically investigates the link between political patronage and bank performance for Ukraine during 2003Q3–2005Q2. We find significant differences between politically affiliated and non-affiliated banks. The data suggest that affiliated banks have significantly lower interest rate margins and increase their capitalization. Furthermore, we show that the level of activity of affiliat...
متن کاملPolitical patronage in Ukrainian banking∗
This paper empirically investigates the link between political patronage and bank performance for Ukraine during 2003Q3–2005Q2. We find significant differences between politically affiliated and non-affiliated banks. The data suggest that affiliated banks have significantly lower interest rate margins and increase their capitalization. Furthermore, we show that the level of activity of affiliat...
متن کاملPolitical Patronage, Bureaucracy and Corruption in Postwar Italy1
This paper examines the relationship between the legislature and the public administration in postwar Italy (understood as the period from about 1948 through 1994). Italian public administration is normally characterized as poorly designed and ine±cient. A principal-agent framework would lead one to believe that political control of the bureaucracy was inadequate in Italy, and that extensive bu...
متن کاملPublic Contracting in Delegated Agency
We study games of public delegated common agency under asymmetric information. Using tools from non-smooth analysis and optimal control, we derive best responses and characterize equilibria (both continuous and discontinuous) using self-generating optimization programs of which any equilibrium allocation must be a solution. Special attention is given to common agency games in which each princip...
متن کامل“Political connections, corruption, and privatization of public services: Evidence from contracting out water services in Spain”
Political corruption is a type of market failure. One area of public policy where corruption is relatively common is the contracting out of public services. Private firms can improve their chances of obtaining contracts by bribing politicians or public servants and funding political parties. In the same vein, firms can gain access to policy makers by hiring influential former politicians –a pra...
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ژورنال
عنوان ژورنال: The University of Chicago Law Review
سال: 1984
ISSN: 0041-9494
DOI: 10.2307/1599543