| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18096 |
| 来源ID | Working Paper 18096 |
| Cultural Proximity and Loan Outcomes | |
| Raymond Fisman; Daniel Paravisini; Vikrant Vig | |
| 发表日期 | 2012-05-17 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | We present evidence that shared codes, religious beliefs, ethnicity - cultural proximity - between lenders and borrowers improves the efficiency of credit allocation. We identify in-group preferential treatment using dyadic data on the religion and caste of bank officers and borrowers from a bank in India, and a rotation policy that induces exogenous matching between officers and borrowers. Cultural proximity increases lending on both intensive and extensive margins and improves repayment performance, even after the in-group officer is replaced by an out-group one. Further, cultural proximity increases loan dispersion and reduces loan to collateral ratios. Our results imply that cultural proximity mitigates informational problems that adversely affect lending, which in turn relaxes financial constraints and improves access to finance. |
| 主题 | Microeconomics ; Economics of Information ; Financial Economics ; Financial Institutions ; Labor Economics ; Demography and Aging |
| URL | https://www.nber.org/papers/w18096 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575772 |
| 推荐引用方式 GB/T 7714 | Raymond Fisman,Daniel Paravisini,Vikrant Vig. Cultural Proximity and Loan Outcomes. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w18096.pdf（650KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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