The month-of-the-year effect in corporate lending
Type de document :
Compte-rendu et recension critique d'ouvrage
Titre :
The month-of-the-year effect in corporate lending
Auteur(s) :
Bertrand, Jérémie [Auteur]
Burietz, Aurore [Auteur]
Lille économie management - UMR 9221 [LEM]
Weill, Laurent [Auteur]
École de Management de Strasbourg = EM Strasbourg Business School [EM Strasbourg]
Burietz, Aurore [Auteur]
Lille économie management - UMR 9221 [LEM]
Weill, Laurent [Auteur]
École de Management de Strasbourg = EM Strasbourg Business School [EM Strasbourg]
Titre de la revue :
Finance Research Letters
Pagination :
102014
Éditeur :
Elsevier
Date de publication :
2021-03-09
ISSN :
1544-6123
Mot(s)-clé(s) en anglais :
Calendar effect
Corporate loans
Trade loading
Corporate loans
Trade loading
Discipline(s) HAL :
Sciences de l'Homme et Société/Economies et finances
Résumé en anglais : [en]
We investigate the existence of calendar effect in corporate lending decisions. We show that the loan amount granted by banks significantly varies across months. We find a positive effect of quarter-end and year-end months ...
Lire la suite >We investigate the existence of calendar effect in corporate lending decisions. We show that the loan amount granted by banks significantly varies across months. We find a positive effect of quarter-end and year-end months on the loan amount. We attribute these effects to trade loading behavior, according to which banks would inflate granted loans at the end of the quarter and the year to hit financial targets.Lire moins >
Lire la suite >We investigate the existence of calendar effect in corporate lending decisions. We show that the loan amount granted by banks significantly varies across months. We find a positive effect of quarter-end and year-end months on the loan amount. We attribute these effects to trade loading behavior, according to which banks would inflate granted loans at the end of the quarter and the year to hit financial targets.Lire moins >
Langue :
Anglais
Vulgarisation :
Non
Collections :
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