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dc.rights.licensehttps://creativecommons.org/licenses/by-sa/2.5/ar/es_AR
dc.contributor.authorPenas, María Fabianaes_AR
dc.contributor.authorMâo-De-Ferro, Anaes_AR
dc.contributor.authorCerqueiro, Geraldoes_AR
dc.date.accessioned2024-06-04T20:54:56Z
dc.date.available2024-06-04T20:54:56Z
dc.date.issued2024-05-23
dc.identifier.urihttps://repositorio.utdt.edu/handle/20.500.13098/12748
dc.identifier.urihttps://doi.org/10.1111/jmcb.13159
dc.description.abstractWe investigate how banks change the geographic distribution of their small business loan portfolio when they face political uncertainty in some of the states where they operate. Using exogenous variation in gubernatorial elections with binding term limits, we show that political uncertainty causes local banks to increase out-of-state lending to small firms, particularly those located in higher-income areas. This effect follows a decrease in local lending and is stronger for banks that are more capital-constrained. The increase in out-of-state credit leads to an increase in employment growth and net firm creation in sectors with larger capital needs.es_AR
dc.description.sponsorshipEste artículo se encuentra originalmente publicado en Journal of Money, Credit and Banking (e-ISSN:1538-4616)es_AR
dc.format.extent33 p.es_AR
dc.format.mediumapplication/pdfes_AR
dc.languageenges_AR
dc.publisherJournal of Money, Credit and Banking (e-ISSN:1538-4616)es_AR
dc.relation.ispartofJournal of Money, Credit and Banking (e-ISSN:1538-4616)en
dc.rightsinfo:eu-repo/semantics/openAccesses_AR
dc.subjectBanking and financial activityes_AR
dc.subjectCréditoes_AR
dc.subjectActividad bancaria y financieraes_AR
dc.subjectCredit activityes_AR
dc.subjectActividad Crediticiaes_AR
dc.subjectCrisis políticaes_AR
dc.subjectPolitical Criseses_AR
dc.subjectPequeña y mediana empresaes_AR
dc.subjectSmall and Medium-sized Enterpriseses_AR
dc.titlePolitical Uncertainty and the Geographic Allocation of Credit: Evidence from Small Businesseses_AR
dc.typeinfo:eu-repo/semantics/articlees_AR
dc.subject.keywordPolitical Uncertainlyes_AR
dc.subject.keywordBanking Industryes_AR
dc.subject.keywordSmall Firmses_AR
dc.type.versioninfo:eu-repo/semantics/publishedVersiones_AR


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