The month-of-the-year effect in corporate lending - HAL Accéder directement au contenu
Article dans une revue Finance Research Letters Année : 2021

The month-of-the-year effect in corporate lending

Résumé

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.
Fichier principal
Vignette du fichier
S1544612321000957.pdf ( 111.39 Ko ) Télécharger
Origine : Fichiers produits par l'(les) auteur(s)
Loading...

Dates et versions

hal-03265765, version 1 (05-01-2024)

Licence

Paternité - Pas d'utilisation commerciale - CC BY 4.0

Identifiants

Citer

Jérémie Bertrand, Aurore Burietz, Laurent Weill. The month-of-the-year effect in corporate lending. Finance Research Letters, 2021, pp.102014. ⟨10.1016/j.frl.2021.102014⟩. ⟨hal-03265765⟩
27 Consultations
5 Téléchargements
Dernière date de mise à jour le 07/04/2024
comment ces indicateurs sont-ils produits

Altmetric

Partager

Gmail Facebook Twitter LinkedIn Plus