In December days are shorter but loans are cheaper

Bertrand, Jérémie; Weill, Laurent

Type de document :

Article dans une revue scientifique

DOI :

10.1111/ecin.13075

Titre :

In December days are shorter but loans are cheaper

Auteur(s) :

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

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

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 >

Langue :

Anglais

Comité de lecture :

Oui

Audience :

Internationale

Vulgarisation :

Non

Collections :