Am Dienstag, den 29.10.2024 hält Prof. Dr. Neslihan Ozkan, Professorin für Finanzen (Bristol Universität) im Rahmen des Finance and Insurance Seminars einen Vortrag zum Thema: Politics of Bank Lending: Empirical Evidence from Brown Borrowing
 

"This study examines the interplay between banks’ political connections and lending to brown borrowers. A bank’s political connection is captured based on whether a bank is headquartered in the state with a member from the U.S. Senate Banking, Housing, and Urban Affairs Committee. We find that banks headquartered in states with a Banking Committee senator provide cheaper loans to brown borrowers than banks without a Banking Committee senator in their headquarter state. This finding suggests that politically connected banks can play a significant role in delaying the green transition as they extend loans to brown firms at a low rate. In addition, our results show that the effect of a bank’s political connection on the cost of lending to brown borrowers is more pronounced when the senator is senior, when borrowers, lenders, and banking committee senators are from the same state, or when the party of the Senate is Republican, or when there is a competitive re-election race. Overall, we provide novel evidence on how the politics of bank lending can have implications for green transition."

Das Seminar beginnt um 16:15 h und findet im JUR 253, Universitätsstraße 14-16 statt. Im Wintersemester 24/25 wird das Finance and Insurance Seminar in Präsenz durchgeführt. Für Interessenten wird ein Zoom Meeting angeboten. Die Zugangsdaten werden auf Anfrage mitgeteilt. Bitte senden Sie hierfür eine Nachricht bis zum 29.10.2024, 12:00 h an Alvia Runge.