Online Appendix for 'Network Motivated Lending Decisions: A Rationale for Forbearance Lending'
Appendix for Research Institute of Economy, Trade and Industry Discussion Paper Series 15E057
27 Pages Posted: 4 Nov 2019
Date Written: October 17, 2019
This online appendix includes supplemental materials for "Network-motivated Lending Decisions: A Rationale for Forbearance Lending'' by Ogura, Okui, and Saito. Online Appendix 1 contains the proofs of the propositions. Online Appendix 2 presents a numerical example for the theoretical model. Online Appendix 3 derives the bias property of the OLS estimator applied to the spatial autoregressive model. Online Appendix 4 presents the formula for standard errors for the OLS estimator, which are adjusted to address the problem that the demand influence coefficients are estimated regressors. Online Appendix 5 presents additional empirical results to examine the robustness of the empirical results in the main text.
Keywords: supply network, influence coefficient, forbearance, bailout, zombie
JEL Classification: C55, D57, G21, G32, L13, L14
Suggested Citation: Suggested Citation