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  • Public procurement and bank lending
    Burger, Anže, 1979- ...
    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.
    Vrsta gradiva - članek, sestavni del
    Leto - 2024
    Jezik - angleški
    COBISS.SI-ID - 198109955
    DOI