20.500.12556/RUL-158970 Public procurement and bank lending This article unveils that government is intertwined with banking through a hitherto underexplored channel—through public procurement. On a comprehensive firm-level dataset that combines public procurement and accounting data, we apply the difference-in-differences method to show that treated firms that secure a public procurement contract can strengthen their bank borrowing terms. Treated firms obtain a greater amount of bank funding and a higher share of long-term funding at lower interest rates compared to the control firms. The impact on bank lending exceeds the positive impact due to higher revenues and suggests a positive non-revenue channel of public procurement. public orders banking analysis public procurement government procurement lending synthetic control method causal mediation analysis javna naročila bančništvo analiza true false true Angleški jezik Slovenski jezik Članek v reviji 2024-06-24 12:22:47 2024-06-24 12:22:51 2024-07-07 03:23:49 0000-00-00 00:00:00 2024 0 0 10 str. art. 105623 Vol. 66 2024 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 336 1544-6123 10.1016/j.frl.2024.105623 198109955 1-s2.0-S1544612324006536-main.pdf 1-s2.0-S1544612324006536-main.pdf 1 F004FB0DED6E17F5215E9CC87881C7F6 5d41b9104b0c80786dc72a2c5b106a6e160662f19f2e6e563b7e73be6365f51b 32e067c1-3214-11ef-b16a-0050569b8976 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=186708 https://www.sciencedirect.com/science/article/pii/S1544612324006536 0 06d7f806-3214-11ef-b16a-0050569b8976 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=186707 Fakulteta za družbene vede Ekonomska fakulteta 0 0 0