Carvalho is at Marshall School of Business, University of Southern California. I am indebted to my advisors Jeremy Stein, Andrei Shleifer, Michael Kremer, and Gary Chamberlain for numerous discussions. I would like also to acknowledge helpful comments from Alberto Alesina, Effi Benmelech, Shawn Cole, Harry DeAngelo, Mihir Desai, Serdar Dinc, Mark Garmaise, Oliver Hart, Campbell Harvey (the Editor), Larry Katz, Asim Khwaja, John Matsusaka, Paul Niehaus, Kevin J. Murphy, Walter Novaes, Oguzhan Ozbas, and David Scharfstein, an Associate Editor, and an anonymous referee. This work benefited greatly from seminar participants at Brown, Dartmouth College Tuck, Harvard, Stockholm School of Economics, University of Illinois at Urbana-Champaign, USC Marshall, Washington University at St. Louis Olin, Yale SOM, the USC-UCLA Finance Day, and the Western Finance Association conference. Many thanks to Bruno Araujo, Joao De Negri, and IPEA for granting me access to data. All errors are mine.
The Real Effects of Government-Owned Banks: Evidence from an Emerging Market
Version of Record online: 17 MAR 2014
© 2014 The American Finance Association
The Journal of Finance
Volume 69, Issue 2, pages 577–609, April 2014
How to Cite
CARVALHO, D. (2014), The Real Effects of Government-Owned Banks: Evidence from an Emerging Market. The Journal of Finance, 69: 577–609. doi: 10.1111/jofi.12130
- Issue online: 17 MAR 2014
- Version of Record online: 17 MAR 2014
- Accepted manuscript online: 21 NOV 2013 12:00AM EST
- Manuscript Accepted: 30 SEP 2013
- Manuscript Received: 21 DEC 2010
Disclaimer: Supplementary materials have been peer-reviewed but not copyedited.
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