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DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Mikhail Mamonov (MGIMO-University and CERGE-EI)  - Quo Vadis? Evidence on New Firm-Bank Matching and Firm Performance Following "Sin" Bank Closures Co-authors: Roman Goncharenko (KU Leuven), Steven Ongena (University of Zurich), Svetlana Popova (The Central Bank of Russia) and Natalia Turdyeva (The Central Bank of Russia) Abstract In 2013, the Central Bank of Russia started revoking licenses from fraudulent banks. By 2020, two-thirds of all operating banks had been shuttered. We analyze this unique period in history with credit register data. Following “sin” bank closure, poorly-performing “bad” firms rush to other (not yet detected) “sin” banks, while “good” firms transfer to “saint” banks. The “bad-sin” coupling more frequently occurs when “sin” is commonly owned or when the local banking market is unconcentrated. Before bank closure, firms remain unaffected; after bank closure, “bad” firms worsen in resiliency and profitability while “good” firms strengthen. 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:20220315T092500Z
DTSTAMP:20220215T122347Z
DTSTART:20220315T083000Z
LOCATION:Teams Meeting
SUMMARY:Mikhail Mamonov  (MGIMO-University and CERGE-EI) - Quo Vadis? Evidence on New Firm-Bank Matching and Firm Performance Following "Sin" Bank Closures
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