Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 林晨教授 (金融学系) |
全文
| 数位物件识别号 (DOI) http://dx.doi.org/10.1016/j.jfineco.2010.12.003 |
引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/22WOS source URL
其它资讯
摘要Building on the pioneering study by Beck, Demirguc-Kunt, and Levine (2006), this study examines the effects of media ownership and concentration on corruption in bank lending using a unique World Bank data set covering more than 5,000 firms across 59 countries. We find strong evidence that state ownership of media is associated with higher levels of bank corruption. We also find that media concentration increases corruption both directly and indirectly through its interaction with media state ownership. In addition, we find that media state ownership and media concentration both accentuate the positive link between official supervisory power and lending corruption and attenuate the negative link between the regulations that empower private monitoring and corruption in lending. Media state ownership or media concentration also accentuates the positive link between banking concentration and corruption in lending. Furthermore, the links between media structure and corruption are more pronounced when the borrowing firm is privately owned. (C) 2010 Elsevier B.V. All rights reserved.
着者Houston JF, Lin C, Ma Y
期刊名称Journal of Financial Economics
出版年份2011
月份5
日期1
卷号100
期次2
出版社ELSEVIER SCIENCE SA
页次326 - 350
国际标準期刊号0304-405X
语言英式英语
关键词Bank lending; Bank supervision; Corruption; Media concentration; Ownership
Web of Science 学科类别Business & Economics; Business, Finance; BUSINESS, FINANCE; Economics; ECONOMICS
