Fear, Anger and Credit. On Bank Robberies and Loan Conditions

Paola Morales Acevedo, S. Ongena
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引用次数: 6

Abstract

We study the impact of emotions on real-world decisions made by loan officers by analyzing the loan conditions of loans granted immediately after a bank branch robbery. We find significant differences in conditions of the loans granted after a robbery compared to changes in loan conditions that occur contemporaneously at unaffected branches. In general loan officers seem to adopt so-called avoidance behaviour. In accordance with the literature on posttraumatic stress their avoidance behavior is halved within two weeks after the robbery and the effect further varies depending on the presence of a firearm during the robbery.
恐惧、愤怒和信用。关于银行抢劫和贷款条件
我们通过分析银行分行抢劫后立即发放的贷款条件,研究情绪对信贷员做出的现实决策的影响。我们发现,与未受影响的分行同时发生的贷款条件变化相比,抢劫后发放的贷款条件存在显著差异。一般来说,信贷员似乎采取了所谓的规避行为。根据关于创伤后压力的文献,他们的逃避行为在抢劫后两周内减半,并且根据抢劫期间枪支的存在,效果进一步变化。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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