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To analyze whether the occurrence of elections affects access to credit for firms, we perform an investigation using … firm-level data covering 44 developed and developing countries. The results show that elections impair access to credit …. Specifically, firms are more credit-constrained in election years and pre-election years as elections exacerbate political …
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commitments cover their credit risk. During recessions, we find that constant loan spreads do not adequately compensate lenders …
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