Public procurement and bank lending

Burger, Anže (avtor), Marinč, Matej (avtor), Polanec, Sašo (avtor), Kotnik, Patricia (avtor)

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.

• Jezik: Angleški jezik
• Ključne besede: public orders, banking, analysis, public procurement, government procurement, lending, synthetic control method, causal mediation analysis
• Vrsta gradiva: Članek v reviji
• Tipologija: 1.01 - Izvirni znanstveni članek
• Organizacija: FDV - Fakulteta za družbene vede ; EF - Ekonomska fakulteta
• Status publikacije: Objavljeno
• Različica publikacije: Objavljena publikacija
• Leto izida: 2024
• Št. strani: 10 str.
• Številčenje: Vol. 66, art. 105623
• PID: 20.500.12556/RUL-158970
• UDK: 336
• ISSN pri članku: 1544-6123
• DOI: 10.1016/j.frl.2024.105623
• COBISS.SI-ID: 198109955
• Datum objave v RUL: 24.06.2024

Gradivo je del revije

• Naslov: Finance research letters
• Založnik: Elsevier
• ISSN: 1544-6123
• COBISS.SI-ID: 518506777

Licence

• Licenca: CC BY-NC-ND 4.0, Creative Commons Priznanje avtorstva-Nekomercialno-Brez predelav 4.0 Mednarodna
• Povezava: http://creativecommons.org/licenses/by-nc-nd/4.0/deed.sl
• Opis: Najbolj omejujoča licenca Creative Commons. Uporabniki lahko prenesejo in delijo delo v nekomercialne namene in ga ne smejo uporabiti za nobene druge namene.

Sekundarni jezik

• Jezik: Slovenski jezik
• Ključne besede: javna naročila, bančništvo, analiza