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Falk, Armin; Fischbacher, Urs - 2001

This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...

Persistent link: https://www.econbiz.de/10011398368

Reciprocity in dynamic employment relationships

Fahn, Matthias - 2020

This paper analyzes a dynamic relational contract for employees with reciprocal preferences. I develop a tractable model to investigate how “direct” performance-pay (promising a bonus in exchange for effort) and generous upfront wages (which activate the norm of reciprocity) interact over...

Persistent link: https://www.econbiz.de/10012241077

The impact of peer-to-peer lending on small business loans

Kim, Jin-hyuk; Stähler, Frank - 2020

bank and a crowdlending platform and show that the entry of crowdlending can induce a switching effect as well as a credit …

Persistent link: https://www.econbiz.de/10012212849

The countercyclical capital buffer and the composition of bank lending

Auer, Raphael A.; Ongena, Steven - 2019

question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …

Persistent link: https://www.econbiz.de/10012064522

Loan loss pprovision : some empirical evidence for Italian banks

Caporale, Guglielmo Maria; Alessi, Matteo; Di Colli, Stefano - 2015

This paper uses data from a panel of more than 400 Italian banks for the period 2001 - 2012 to examine the main determinants of loan loss provision (LLP), which are classified as either discretionary (income smoothing, capital management, signalling) or non-discretionary (related to the business...

Persistent link: https://www.econbiz.de/10010496145

How has the global financial crisis affected syndicated loan terms in emerging markets? : evidence from China

Caporale, Guglielmo Maria; Lodh, Suman; Nandy, Monomita - 2015

This paper examines the impact of the recent global financial crisis on the cost of debt capital (syndicated loans) in a leading emerging market, namely China, using difference-in-differences and GARCH approaches. Before the crisis China adopted banking reforms allowing entry of foreign banks...

Persistent link: https://www.econbiz.de/10010518789

Business cycles, credit cycles and bank holdings of sovereign bonds : historical evidence for Italy 1861 - 2013

Bartoletto, Silvana; Chiarini, Bruno; Marzano, Elisabetta; … - 2015

We propose a joint dating of the Italian business and credit cycle on a historical horizon, by applying a local turning … carry out some statistical tests for comovement between credit and business cycle and we propose a measure of asymmetry of … this comovement, which proves to be weaker in recessions. We find evidence that credit and business cycle are poorly …

Persistent link: https://www.econbiz.de/10010509572

The dollar and corporate borrowing costs

Meisenzahl, Ralf R.; Niepmann, Friederike; … - 2020

We show that U.S. dollar movements affect syndicated loan terms for U.S. borrowers, even for those without trade exposure. We identify the effect of dollar movements using spread and loan amount adjustments during the syndication process. Using this high-frequency, within loan variation, we find...

Persistent link: https://www.econbiz.de/10012231575

The loan puzzle : a study of loans to different groups in the USA.

Cafiso, Gianluca - 2020

We study loans from banking and non-banking lenders to different groups of borrowers in order to unveil significant differences on how those respond to a shock and evaluate possible alternative explanations for such differences. The objective is to gain insights useful to explain the loan...

Persistent link: https://www.econbiz.de/10012194423

Intentions undercover : hiding intentions is considered unfair

Friehe, Tim; Utikal, Verena - 2015

Unfair intentions provoke negative reciprocity from others, making their concealment potentially beneficial. This paper explores whether people hide their unfair intentions from others and how hiding intentions is itself perceived in fairness terms. Our experimental data show a high frequency of...

Persistent link: https://www.econbiz.de/10010483596

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