Does Religion Affect Economic Decisions? Evidence from Ramadan Loans

Demiroglu, Cem; Ozbas, Oguzhan; Silva, Rui; Ulu, Mehmet Fatih

doi:10.2139/ssrn.2933328

Cited by 6 publications

(3 citation statements)

References 18 publications

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“…7 Agarwal, Duchin, Evanoff and Sosyura (2013) analyze the impact on loan approval of nationwide events such as the Super Bowl and the American Idol contest, and days around major holidays. Relatedly, Campbell, Loumioti and Wittenberg Moerman (2018) analyze loan quality when loan officers are busy or before weekends and around national holidays, Demiroglu, Ozbas, Silva and Ulu (2017) analyze performance of 5 Moreover, the severity of the consequences experienced by loan officers is influenced by the intensity of the bank robbery. Miller-Burke, Attridge and Fass (1999) for example found that the use of weapons by the assailants is associated with the loan officers experiencing more symptoms of post-traumatic stress-that is to say, higher perceived stress, worse physical health, and worse work productivity after the robbery.…”

Section: Iintroductionmentioning

confidence: 99%

Fear, Anger and Credit. On Bank Robberies and Loan Conditions

Acevedo

Ongena

2015

SSRN Journal

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We study the impact of emotions on real-world decisions made by loan officers by analyzing the loan conditions of loans granted immediately after a bank branch robbery. We find significant differences between the conditions of loans granted after a robbery and changes in loan conditions that occur contemporaneously at unaffected branches. In general, loan officers seem to adopt so-called avoidance behavior. In accordance with the literature on posttraumatic stress, their avoidance behavior is halved within two weeks following the robbery and the effect further varies depending on the presence, or absence, of a firearm during the robbery.

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Section: Iintroductionmentioning

confidence: 99%

Fear, Anger and Credit. On Bank Robberies and Loan Conditions

Acevedo

Ongena

2015

SSRN Journal

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“…The effect of religious behavior on decision-making in the context of Ramadan was studied. [90] The authors used an administrative data set of all personal and business bank loans originated in Turkey during 2003-2013. They found that small business loans originated during Ramadan are about 10%-15% more likely to become delinquent within two 2 years of origination than loans originated outside of Ramadan.…”

Section: Economic and Cultural Issuesmentioning

confidence: 99%

The year in ramadan fasting research (2017): A narrative review

Beshyah

Hajjaji

Ibrahim

et al. 2018

Ibnosina Journal of Medicine and Biomedical Sciences

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Ramadan fasting is one of the five Pillars of Islam. While there are several exemptions from fasting, many Muslims with medical conditions still choose to fast. This may adversely affect their health if not addressed properly. Recently, there has been an increased interest in the health implications of Ramadan fasting. The authors performed a narrative, nonsystematic review of the literature including case reports, case series, and review articles indexed in PubMed and Google Scholar in a full calendar year. All records were reviewed by two coauthors at least. Studies were reviewed, summarized, and represented to provide a readily comprehensible concise account of the contributions made to research and clinical practice in 1 year (January–December 2017). The publications spanned physiological and clinical aspects and crossed conventional disciplinary lines in various languages, locations, and systems of journal access. A total of 92 and 82 were found in the PubMed and Google Scholar databases, respectively. Diabetes, hypoglycemia, insulin, and body composition were among the most relevant issues addressed this year. Discipline wise, diabetes, physiology, gastrointestinal, cardiovascular, eyes, respiratory, nephrology, neuropsychiatry, and endocrinology were most prominent. Other articles have considered professional competence, education, ethics, culture, and organization of care. Many of the research groups are based in emerging countries with Muslim-majority, but the publications are still widely distributed in internationally recognized journals. Several workers seem to have Ramadan fast at the center of their academic interest inferred from the number of publications to which they have contributed. The authors hope this review will help direct further research and should inform clinical practice guidance.

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“…Agarwal et al () analyze the impact on loan approval of nationwide events such as the Super Bowl and the American Idol contest, and days around major holidays. Relatedly, Campbell, Loumioti, and Wittenberg Moerman () analyze loan quality when loan officers are busy or before weekends and around national holidays, Demiroglu et al () analyze performance of loans originated during Ramadan in Turkey, while Baele, Farooq, and Ongena () analyze loan performance itself during Ramadan in Pakistan.…”

mentioning

confidence: 99%

Fear, Anger, and Credit. On Bank Robberies and Loan Conditions

Morales-Acevedo¹,

Ongena

2019

Economic Inquiry

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We study the impact of emotions on real‐world decisions made by loan officers by analyzing the loan conditions of loans granted immediately after a bank branch robbery. We find significant differences between the conditions of loans granted after a robbery and changes in loan conditions that occur contemporaneously at unaffected branches. In general, loan officers seem to adopt so‐called avoidance behavior. In accordance with the literature on posttraumatic stress, their avoidance behavior is halved within 2 weeks following the robbery and the effect further varies depending on the presence, or absence, of a firearm during the robbery. (JEL G02, G2)

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Does Religion Affect Economic Decisions? Evidence from Ramadan Loans

Cited by 6 publications

References 18 publications

Fear, Anger and Credit. On Bank Robberies and Loan Conditions

Fear, Anger and Credit. On Bank Robberies and Loan Conditions

The year in ramadan fasting research (2017): A narrative review

Fear, Anger, and Credit. On Bank Robberies and Loan Conditions

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