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

See all articles by Yoshiaki Ogura

Yoshiaki Ogura

Waseda University, Faculty of Political Science and Economics

Ryo Okui

Seoul National University

Yukiko Saito

早稲田大学; Waseda University - School of Political Science and Economics; Research Institute of Economy, Trade and Industry (RIETI)

Date Written: October 17, 2019

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.

Keywords: supply network, influence coefficient, forbearance, bailout, zombie

JEL Classification: C55, D57, G21, G32, L13, L14

Suggested Citation

Ogura, Yoshiaki and Okui, Ryo and Saito, Yukiko, Online Appendix for 'Network Motivated Lending Decisions: A Rationale for Forbearance Lending' (October 17, 2019). Appendix for Research Institute of Economy, Trade and Industry Discussion Paper Series 15E057. Available at SSRN: https://ssrn.com/abstract=3471007

Yoshiaki Ogura (Contact Author)

Waseda University, Faculty of Political Science and Economics ( email )

1-6-1 Nishi-waseda, Shinjuku-ku
Tokyo
Japan

Ryo Okui

Seoul National University ( email )

Seoul
Korea, Republic of (South Korea)

Yukiko Saito

早稲田大学 ( email )

1-6-1 Nishiwaseda
Shinjuku, Tokyo 169-8050
Japan
0352861213 (Phone)

Waseda University - School of Political Science and Economics ( email )

1-6-1 Nishi-Waseda
Shinjuku-ku, Tokyo 169-8050, Tokyo 169-8050
Japan

Research Institute of Economy, Trade and Industry (RIETI) ( email )

1-3-1 Kasumigaseki
Chiyoda-ku
Tokyo 100-8901
Japan

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