Trust and Lending: An Experimental Study

IF 0.9 Q3 BUSINESS, FINANCE

Quarterly Journal of Finance Pub Date : 2024-05-23 DOI:10.1142/s2010139224400044

Kyle Hyndman, Jiabin Wu, Steven Chong Xiao

引用次数: 0

Abstract

This paper investigates the importance and the determinants of trust in a lending situation using a controlled experiment. We find that communication can facilitate collaboration between lenders and borrowers through three channels of trust: (1) an information channel, (2) a preference channel, and (3) a reciprocity channel. Our results highlight the role of trust in mitigating the moral hazard problem in lending.

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信任与借贷：实验研究

本文通过对照实验研究了信任在借贷情况下的重要性和决定因素。我们发现，沟通可以通过三种信任渠道促进借贷双方的合作：（1）信息渠道；（2）偏好渠道；（3）互惠渠道。我们的研究结果凸显了信任在缓解借贷道德风险问题中的作用。

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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来源期刊

Quarterly Journal of Finance BUSINESS, FINANCE-

CiteScore

1.10

自引率

0.00%

发文量

期刊介绍： The Quarterly Journal of Finance publishes high-quality papers in all areas of finance, including corporate finance, asset pricing, financial econometrics, international finance, macro-finance, behavioral finance, banking and financial intermediation, capital markets, risk management and insurance, derivatives, quantitative finance, corporate governance and compensation, investments and entrepreneurial finance.