Partisanship in loan pricing
Does partisanship influence the way investors price financial assets? Using voter registration data of bankers originating large corporate loans, we show that bankers whose party differs from that of the U.S. President charge 7% higher loan spreads than other bankers. This effect holds regardless of...
Saved in:
Main Authors: | , , |
---|---|
Format: | text |
Language: | English |
Published: |
Institutional Knowledge at Singapore Management University
2023
|
Subjects: | |
Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/7308 https://ink.library.smu.edu.sg/context/lkcsb_research/article/8307/viewcontent/Partisanship_2022_sv.pdf |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
Institution: | Singapore Management University |
Language: | English |
Be the first to leave a comment!