主  题:Matching banks and firms in the loan market: Evidence from similarity in risk attitudes

内容简介:This  study investigates the effect of similarity in risk attitudes between  lenders and borrowers on loan contracting. We find that when banks and  lenders have similar risk attitudes they are more likely to sign loan  contracts. Moreover, such contracts are associated with lower spreads,  longer maturity, larger size, and less collateral, suggesting that  borrowers can obtain favorable loans when they obtain financing from  banks with similar risk attitudes. Meanwhile, similar risk attitudes can  also benefit lenders by generating more repeat loans and fewer loan  covenant violations in the future. The evidence suggests that closeness  of risk attitude can benefit both lenders and borrowers in loan  contracting.  

报告人:Lin Chih-Yung      副教授

时  间:2018-11-15    14:00

地  点:位育楼117