science1 publisher
A George Mason study prices lender forbearance at 11.6% of the loan amount
Stephen Karolyi and three co-authors compared borrowers who had just tripped a loan covenant with those who came close, then read the enforcement decisions that followed as a revealed price for keeping the client.
Publishers:phys.org
Reality
- Evidence58
- Adoption
- Insufficient
- Hype gap+6
- Incentives52
- Confidence55