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Publication d'un article dans la revue "Economic Modelling" (rang 2)

Publié le 15 juin 2020, Mis à jour le 19 juin 2020

La revue "Economic Modelling" a récemment publié un article co-écrit par le directeur du LaRGE et un autre membre du laboratoire.

Economic Modelling

Economic Modelling

La revue scientifique "Economic Modelling" fournit une source unique d'articles théoriques et appliqués sur la modélisation économique au niveau international. 

Laurent Weill  et Christophe Godlewski (LaRGE, EM Strasbourg) ont co-écrit l'article "Are loans cheaper when tomorrow seems further?".

Abstract:
This paper studies how future tense marking affects the terms of bank loans. We predict that languages that grammatically mark the future affect speakers’ intertemporal preferences and thereby reduce the perception of the risks associated with loan issuance. We test this hypothesis on a sample of 977 bank loans from 17 European countries. We observe that the use of a language with future tense marking is associated with lower loan spreads and lower collateral use in loan contracts. The results corroborate Chen’s hypothesis that future tense marking makes the future more distant than the present. They suggest that linguistic structure affects terms of loan contracts.


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