In December days are shorter but loans are cheaper
Document type :
Compte-rendu et recension critique d'ouvrage
DOI :
Title :
In December days are shorter but loans are cheaper
Author(s) :
Bertrand, Jérémie [Auteur]
Lille économie management - UMR 9221 [LEM]
Weill, Laurent [Auteur]
École de Management de Strasbourg = EM Strasbourg Business School [EM Strasbourg]
Lille économie management - UMR 9221 [LEM]
Weill, Laurent [Auteur]
École de Management de Strasbourg = EM Strasbourg Business School [EM Strasbourg]
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/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 >
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
Popular science :
Non
Collections :
Source :
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