In December days are shorter but loans are cheaper
Type de document :
Article dans une revue scientifique
DOI :
Titre :
In December days are shorter but loans are cheaper
Auteur(s) :
Titre de la revue :
Economic Inquiry
Pagination :
1335-1356
Éditeur :
Wiley
Date de publication :
2022-07
ISSN :
0095-2583
Discipline(s) HAL :
Sciences de l'Homme et Société
Sciences de l'Homme et Société/Gestion et management
Sciences de l'Homme et Société/Gestion et management
Résumé en anglais : [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 ...
Lire la suite >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.Lire moins >
Lire la suite >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.Lire moins >
Langue :
Anglais
Comité de lecture :
Oui
Audience :
Internationale
Vulgarisation :
Non
Collections :
Source :
Fichiers
- http://ifs.u-strasbg.fr/large/publications/2020/2020-02.pdf
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- 2020-02.pdf
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