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Replication data for: Cultural Proximity and Loan Outcomes

Version
1
Resource Type
Dataset
Creator
  • Fisman, Raymond
  • Paravisini, Daniel
  • Vig, Vikrant
Publication Date
2017-02-01
Description
  • Abstract

    We present evidence that cultural proximity (shared codes, beliefs, ethnicity) between lenders and borrowers increases the quantity of credit and reduces default. We identify in-group lending using dyadic data on religion and caste for officers and borrowers from an Indian bank, and a rotation policy that induces exogenous matching between them. Having an in-group officer increases credit access and loan size dispersion, reduces collateral requirements, and induces better repayment even after the in-group officer leaves. We consider a range of explanations and suggest that the findings are most easily explained by cultural proximity serving to mitigate information frictions in lending.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.20120942 (Text)
Publications
  • Fisman, Raymond, Daniel Paravisini, and Vikrant Vig. “Cultural Proximity and Loan Outcomes.” American Economic Review 107, no. 2 (February 2017): 457–92. https://doi.org/10.1257/aer.20120942.
    • ID: 10.1257/aer.20120942 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Fisman, Raymond; Paravisini, Daniel; Vig, Vikrant (2017): Replication data for: Cultural Proximity and Loan Outcomes. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E112886V1