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DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Laurent Weill (University of Strasbourg) - Elections Hinder Firms’ Access to Credit =0D=0A Co-author: Florian Léon (FERDI, Clermont-Ferrand)  =0D=0A Abstract: We investigate whether the occurrence of elections affect access to credit for firms. We perform an investigation using firm-level data covering 44 developed and developing countries. We find that elections have a detrimental influence on access to credit: firms are more credit-constrained in election years but also in pre-election years. We explain this finding by the fact that elections exacerbate political uncertainty. The negative effect of elections takes place through lower credit demand, whereas the occurrence of elections does not affect credit supply. We further establish that the design of political and financial systems affects how elections influence access to credit. =0D=0A Online BOFIT seminars are open to all researchers interested in the subjects covered. Those wishing to attend a seminar are kindly asked to register in advance, by filling in the Online Registration Form =0D=0A The registration for each seminar is open until 9:00 am the day of the seminar. You will receive a link to join the seminar by email at the latest one hour before the seminar is scheduled to begin. =0D=0A
DTEND:20220111T093000Z
DTSTAMP:20211217T083806Z
DTSTART:20220111T083000Z
LOCATION:Teams Meeting
SUMMARY:Laurent Weill (University of Strasbourg) - Elections Hinder Firms’ Access to Credit
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