(Loan) price and (loan officer) prejudice
Document type :
Compte-rendu et recension critique d'ouvrage
Title :
(Loan) price and (loan officer) prejudice
Author(s) :
Bertrand, Jérémie [Auteur]
Lille économie management - UMR 9221 [LEM]
Burietz, Aurore [Auteur]
Lille économie management - UMR 9221 [LEM]
Lille économie management - UMR 9221 [LEM]
Burietz, Aurore [Auteur]
Lille économie management - UMR 9221 [LEM]
Journal title :
Journal of Economic Behavior and Organization
Pages :
26-42
Publisher :
Elsevier
Publication date :
2023-06
ISSN :
0167-2681
HAL domain(s) :
Sciences de l'Homme et Société/Gestion et management
English abstract : [en]
Although the role of loan officers in the credit process has been extensively discussed in the literature, their individual prejudices have been neglected. The literature on decision making relies on the assumption that ...
Show more >Although the role of loan officers in the credit process has been extensively discussed in the literature, their individual prejudices have been neglected. The literature on decision making relies on the assumption that all loan officers perceive and use information similarly, regardless of their individual and psychological backgrounds. We challenge this assumption by investigating how loan officers’ prejudices toward the information used in the decision process affect loan spreads. Using data on corporate loans from a large French bank, we document the influence of discrepancies in loan officers’ prejudices according to the type of information they consider. Our results suggest that loan officers’ prejudices not only significantly affect loan outcomes but also play a moderating role in the use of information. We also show that loan officers’ and borrowers’ characteristics influence these effects.Show less >
Show more >Although the role of loan officers in the credit process has been extensively discussed in the literature, their individual prejudices have been neglected. The literature on decision making relies on the assumption that all loan officers perceive and use information similarly, regardless of their individual and psychological backgrounds. We challenge this assumption by investigating how loan officers’ prejudices toward the information used in the decision process affect loan spreads. Using data on corporate loans from a large French bank, we document the influence of discrepancies in loan officers’ prejudices according to the type of information they consider. Our results suggest that loan officers’ prejudices not only significantly affect loan outcomes but also play a moderating role in the use of information. We also show that loan officers’ and borrowers’ characteristics influence these effects.Show less >
Language :
Anglais
Popular science :
Non
Collections :
Source :