Experience of Communal Conflicts and Intergroup Lending
Experience of Communal Conflicts and Intergroup Lending
复制标题
社区冲突和群体间借贷的经验
DOI：
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发表时间：
2020
影响因子：
8.2
通讯作者：
Vikrant Vig
中科院分区：
文献类型：
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作者：
R. Fisman;Arkodipta Sarkar;J. Skrastins;Vikrant Vig
我们使用印度一家大银行的经理和借款人的二元数据，提供了关于种族摩擦和市场效率的微观经济学证据。我们推测，如果暴露在基于宗教的社区暴力中加剧了群体间的敌意，暴乱暴露将导致对借款人的宗教更加敏感的贷款决定。我们发现，暴乱暴露的印度教分行经理向穆斯林借款人发放的贷款相对较少，这些贷款违约的可能性也较小，这与暴乱暴露加剧了基于品味的歧视是一致的。这种偏见在银行官员的任期内持续存在，这表明种族冲突的经济代价是长期的，可能跨越几代人。
We provide microeconomic evidence on ethnic frictions and market efficiency, using dyadic data on managers and borrowers from a large Indian bank. We conjecture that, if exposure to religion-based communal violence intensifies intergroup animosity, riot exposure will lead to lending decisions that are more sensitive to a borrower’s religion. We find that riot-exposed Hindu branch managers lend relatively less to Muslim borrowers and that these loans are less likely to default, consistent with riot exposure exacerbating taste-based discrimination. This bias is persistent across a bank officer’s tenure, suggesting that the economic costs of ethnic conflict are long-lasting, potentially spanning across generations.