Мария Семенова выступила на 15ой конференции FEBS в European University Institute во Флоренции
Мария Семенова (зав. ЛЭБ) приняла участие в 15ой конференции FEBS в European University Institute во Флоренции (15th International Conference of the Financial Engineering and Banking Society) и представила совместную с Никитой Козловым (стажер-исследователь ЛЭБ) работу "The Paradox of Participation: Political Connections and Bank Mortgage Lending Under Government Support Programs in Russia", подготовленную в рамках гранта РНФ №25-28-01083.
Аннотация:
This paper examines how political connections shape Russian banks’ strategic choices regarding participation in government mortgage-support programs. Using a unique dataset that integrates manually collected information on the political connections of 115 banks over 2015-2021 with records on program enrollment and volumes of state-supported mortgage lending, we examine how distinct types of political ties shape both decisions to enroll and subsequent lending outcomes. The results indicate that certain connections—particularly prior employment in state-owned enterprises and informal contacts within government institutions—are associated with a higher likelihood of formal participation but correspond to moderate lending volumes. Our findings confirm that political ties function as instruments through which banks manage uncertainty, coordinate with public authorities, and position themselves within the broader state-bank interface.
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