In December days are shorter but loans are cheaper

Bertrand, Jérémie; Weill, Laurent

Document type :

Article dans une revue scientifique

DOI :

10.1111/ecin.13075

Title :

In December days are shorter but loans are cheaper

Author(s) :

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

Journal title :

Economic Inquiry

Pages :

1335-1356

Publisher :

Wiley

Publication date :

2022-07

ISSN :

0095-2583

HAL domain(s) :

Sciences de l'Homme et Société
Sciences de l'Homme et Société/Gestion et management

English abstract : [en]

This study analyzes the month-of-the-year effect on lending decisions. Using data from a large US peer-to-peer lender, we perform regressions of loan acceptance and loan rate on month dummy variables. We find evidence of ...
Show more >This study analyzes the month-of-the-year effect on lending decisions. Using data from a large US peer-to-peer lender, we perform regressions of loan acceptance and loan rate on month dummy variables. We find evidence of a month-of-the-year effect on loan acceptance and loan pricing. December is the best month to ask for a loan, with the highest chance of acceptance and the lowest rate. We test the potential explanations of the calendar anomalies and find some support for trade loading, such that granted loans might be inflated at the end of the quarter to hit quarterly targets.Show less >

Language :

Anglais

Peer reviewed article :

Oui

Audience :

Internationale

Popular science :

Non

Collections :