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Fields Changed

Registration

Field Before After
Trial Status in_development completed
Last Published October 17, 2022 04:05 PM December 19, 2025 09:05 AM
Study Withdrawn No
Data Collection Complete Yes
Was attrition correlated with treatment status? No
Is there a restricted access data set available on request? Yes
Restricted Data Contact [email protected]
Program Files No
Is data available for public use? No
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Other Primary Investigators

Field Before After
Affiliation Oesterreichische Nationalbank
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Papers

Field Before After
Paper Abstract Loan guarantees can enhance access to credit, but serving as a private guarantor may also increase financial vulnerability. We examine, through a randomized information experiment in the UK, how providing information about the legal ramifications and risks of loan guarantees affects individuals' willingness to act as guarantors. We find that providing information about legal risks reduces the willingness to guarantee loans, with stronger effects for larger loan amounts. Social preferences influence individuals' willingness to act as guarantors. Information about legal ramifications increases the willingness to grant a guarantee among altruists but decreases it among those high in positive reciprocity. While information about the UK default rate reduces willingness, individuals are less likely to update their expectations for someone they know personally, indicating in-group bias.
Paper Citation Beckmann, Elisabeth, et al. Legal Risks and Social Bonds: How Does Information About Risks Affect the Willingness to Grant a Third-Party Loan Guarantee?. No. 12022. CESifo Working Paper, 2025.
Paper URL https://www.ifo.de/DocDL/cesifo1_wp12022.pdf
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