The month-of-the-year effect in corporate lending

Bertrand, Jérémie; Burietz, Aurore; Weill, Laurent

Type de document :

Article dans une revue scientifique

DOI :

10.1016/j.frl.2021.102014

Titre :

The month-of-the-year effect in corporate lending

Auteur(s) :

Bertrand, Jérémie [Auteur]
Burietz, Aurore [Auteur]
Lille économie management - UMR 9221 [LEM]
Weill, Laurent [Auteur]

Titre de la revue :

Finance Research Letters

Pagination :

102014

Éditeur :

Elsevier

Date de publication :

2021-03-09

ISSN :

1544-6123

Mot(s)-clé(s) en anglais :

Calendar effect
Corporate loans
Trade loading

Discipline(s) HAL :

Sciences de l'Homme et Société/Economies et finances

Résumé en anglais : [en]

We investigate the existence of calendar effect in corporate lending decisions. We show that the loan amount granted by banks significantly varies across months. We find a positive effect of quarter-end and year-end months ...
Lire la suite >We investigate the existence of calendar effect in corporate lending decisions. We show that the loan amount granted by banks significantly varies across months. We find a positive effect of quarter-end and year-end months on the loan amount. We attribute these effects to trade loading behavior, according to which banks would inflate granted loans at the end of the quarter and the year to hit financial targets.Lire moins >

Langue :

Anglais

Comité de lecture :

Oui

Audience :

Internationale

Vulgarisation :

Non

Collections :

Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL

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