Does Marriage Equality Promote Credit Access? Evidence from Same-sex Marriage Laws (2022)
Journal Article
Hagendorff, J., Nguyen, D., & Sila, V. (2022). Does Marriage Equality Promote Credit Access? Evidence from Same-sex Marriage Laws. Journal of Corporate Finance, 77, Article 102315. https://doi.org/10.1016/j.jcorpfin.2022.102315

We show that following the legalization of same-sex marriage across US states, mortgage applications from same-sex borrowers are more likely to be denied relative to a matched sample of different-sex borrowers. Our findings are robust to using a stac... Read More about Does Marriage Equality Promote Credit Access? Evidence from Same-sex Marriage Laws.

Regulatory Spillovers in Local Mortgage Markets (2022)
Journal Article
Lim, I., Nguyen, D., & Nguyen, H. (in press). Regulatory Spillovers in Local Mortgage Markets. The Review of Corporate Finance Studies, https://doi.org/10.1093/rcfs/cfac035

We document novel evidence on the spillover effect of a corporate control regulation on local mortgage markets. We find that banks directly targeted by the Sarbanes-Oxley Act (SOX) to rectify their internal control weaknesses reduce mortgage originat... Read More about Regulatory Spillovers in Local Mortgage Markets.

Lender Trust and Bank Loan Contracts (2022)
Journal Article
Hagendorff, J., Lim, S., & Nguyen, D. (2023). Lender Trust and Bank Loan Contracts. Management Science, 69(3), 1758-1779. https://doi.org/10.1287/mnsc.2022.4371

We examine the contractual implications of a lender’s trust in corporate loans. We measure how trusting a lender is using the average trust attitude in the chief executive officer’s (CEO) ancestral country of origin. We find that banks with trusting... Read More about Lender Trust and Bank Loan Contracts.

Climate Change Risk and the Cost of Mortgage Credit (2022)
Journal Article
Nguyen, D., Ongena, S., Qi, S., & Sila, V. (2022). Climate Change Risk and the Cost of Mortgage Credit. Review of Finance, 26(6), 1509-1549. https://doi.org/10.1093/rof/rfac013

We show that lenders charge higher interest rates for mortgages on properties exposed to a greater risk of sea level rise (SLR). This SLR premium is not evident in short-term loans and is not related to borrowers’ short-term realized default or credi... Read More about Climate Change Risk and the Cost of Mortgage Credit.