个人信贷市场经验和对银行贷款政策的看法:来自公司调查的证据

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2023-09-25 DOI:10.1111/sjoe.12548

Jarko Fidrmuc, Christa Hainz, Werner Hölzl

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引用次数: 0

摘要

本文利用2011年至2016年的奥地利商业调查，研究了企业的个人信贷市场经历如何影响他们对银行贷款政策的看法。最近经历过贷款拒绝的公司更有可能认为贷款政策是限制性的。对于那些获得贷款的公司，我们看到了类似的影响，但条件比预期的要差。利用面板结构表明，没有最近信贷市场经验的公司不太可能改变他们的信念，这些信念向中间类别靠拢。我们的发现与理性注意力不集中理论和不对称经验效应理论是一致的。这篇文章受版权保护。版权所有。

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Individual credit market experience and beliefs about bank lending policy: evidence from a firm survey

Abstract We study how firms’ individual credit market experience influences their beliefs about the bank lending policy, using the Austrian Business Survey between 2011 and 2016. Firms which have recently experienced a loan rejection are more likely to believe that the lending policy is restrictive. We see similar effects for firms who were granted loans, but with conditions worse than anticipated. Exploiting the panel structure shows that firms without recent credit market experience are less likely to change their beliefs, which converge towards the middle category. Our findings are in line with theories of rational inattention and with asymmetric experience effects. This article is protected by copyright. All rights reserved.

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.