Lending corruption and bank loan contracting: Cross-Country evidence

IF 2.9 3区 管理学 Q2 BUSINESS, FINANCE Journal of Contemporary Accounting & Economics Pub Date : 2024-03-08 DOI:10.1016/j.jcae.2024.100415
Liangliang Jiang, Chong Wang
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Abstract

Using World Bank survey data, we document that banks extend more favorable loan terms to borrowers in countries with more lending corruption. This relation is stronger when borrowers have financing constraints but weaker in countries with stronger monitoring of foreign bank ownership or with stronger religiosity. We also find that banks in countries with high lending corruption have poor loan quality and earnings performance and are more susceptible to trouble during a financial crisis. Overall, our findings suggest that corruption “greases the wheels” for borrowers but is detrimental to bank shareholders.

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贷款腐败与银行贷款签约:跨国证据
利用世界银行的调查数据,我们发现在贷款腐败较严重的国家,银行会向借款人提供更优惠的贷款条件。当借款人有融资限制时,这种关系会更强,但在对外国银行所有权有更严格监管或宗教信仰更浓厚的国家,这种关系会更弱。我们还发现,在贷款腐败严重的国家,银行的贷款质量和盈利表现较差,在金融危机中更容易陷入困境。总之,我们的研究结果表明,腐败为借款人 "铺平道路",但对银行股东不利。
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来源期刊
CiteScore
6.00
自引率
3.00%
发文量
24
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