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SUMMARY:Fear\, Anger and Credit. On Bank Robberies and Loan Conditions - S
 teven Ongena\, Professor in Banking at the University of Zurich and the Sw
 iss Finance Institute\, Research fellow of CEPR.
DTSTART:20151111T103000Z
DTEND:20151111T120000Z
UID:TALK62511@talks.cam.ac.uk
CONTACT:Crystal
DESCRIPTION:We study the impact of emotions on real-world decisions made b
 y loan officers by\nanalyzing the loan conditions of loans granted immedia
 tely after a bank branch\nrobbery. We find significant differences in cond
 itions of the loans granted after a\nrobbery compared to changes in loan c
 onditions that occur contemporaneously at\nunaffected branches. In general
  loan officers seem to adopt so-called avoidance\nbehaviour. In accordance
  with the literature on posttraumatic stress their avoidance\nbehavior is 
 halved within two weeks after the robbery and the effect further varies\nd
 epending on the presence of a firearm during the robbery.
LOCATION:Cambidge Judge Business School\,  W2.02
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