Artículo de revista
Bank ownership and performance. Does politics matter?
Fecha
2007Registro en:
Journal of Banking & Finance 31 (2007) 219–241
0378-4266
doi:10.1016/j.jbankfin.2006.02.007
Autor
Micco Aguayo, Alejandro
Panizza, Ugo
Yáñez, Mónica
Institución
Resumen
This paper uses a new dataset to reassess the relationship between bank ownership and bank performance,
providing separate estimations for developing and industrial countries. It finds that stateowned
banks located in developing countries tend to have lower profitability and higher costs than
their private counterparts, and that the opposite is true for foreign-owned banks. The paper finds no
strong correlation between ownership and performance for banks located in industrial countries.
Next, in order to test whether the differential in performance between public and private banks is
driven by political considerations, the paper checks whether this differential widens during election
years; it finds strong support for this hypothesis.