Abstract
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.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have