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Article: Epidemic Disease and Financial Development

TitleEpidemic Disease and Financial Development
Authors
An, JHou, WLin, C
KeywordsDisease
External financing
Financial development
Trust
Technology adoption
Issue Date2022
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jfec
Citation
Journal of Financial Economics, 2022, v. 143 n. 1, p. 332-358 How to Cite?
DOI: http://dx.doi.org/10.1016/j.jfineco.2021.06.003
AbstractWe study the impact of an epidemic disease on modern financial development by exploiting geographic variations in the precolonial survival conditions of the TseTse fly, which transmits an epidemic disease that is harmful to humans and fatal to livestock in Africa. Using newly georeferenced data, we discover that firms and households in regions historically more exposed to the epidemic disease have less access to external financing today. Exploring the channels, we find that people in historically infested regions are less likely to trust others and financial institutions, to share credit information and to learn and adopt new financial technologies.
Persistent Identifierhttp://hdl.handle.net/10722/300655
ISSN
0304-405X
2021 Impact Factor: 8.238
2020 SCImago Journal Rankings: 11.673
ISI Accession Number ID
WOS:000723734200014

 

DC FieldValueLanguage
dc.contributor.authorAn, J-
dc.contributor.authorHou, W-
dc.contributor.authorLin, C-
dc.date.accessioned2021-06-18T14:55:06Z-
dc.date.available2021-06-18T14:55:06Z-
dc.date.issued2022-
dc.identifier.citationJournal of Financial Economics, 2022, v. 143 n. 1, p. 332-358-
dc.identifier.issn0304-405X-
dc.identifier.urihttp://hdl.handle.net/10722/300655-
dc.description.abstractWe study the impact of an epidemic disease on modern financial development by exploiting geographic variations in the precolonial survival conditions of the TseTse fly, which transmits an epidemic disease that is harmful to humans and fatal to livestock in Africa. Using newly georeferenced data, we discover that firms and households in regions historically more exposed to the epidemic disease have less access to external financing today. Exploring the channels, we find that people in historically infested regions are less likely to trust others and financial institutions, to share credit information and to learn and adopt new financial technologies.-
dc.languageeng-
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jfec-
dc.relation.ispartofJournal of Financial Economics-
dc.subjectDisease-
dc.subjectExternal financing-
dc.subjectFinancial development-
dc.subjectTrust-
dc.subjectTechnology adoption-
dc.titleEpidemic Disease and Financial Development-
dc.typeArticle-
dc.identifier.emailLin, C: chenlin1@hku.hk-
dc.identifier.authorityLin, C=rp01808-
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/j.jfineco.2021.06.003-
dc.identifier.scopuseid_2-s2.0-85108606795-
dc.identifier.hkuros322870-
dc.identifier.volume143-
dc.identifier.issue1-
dc.identifier.spage332-
dc.identifier.epage358-
dc.identifier.isiWOS:000723734200014-
dc.publisher.placeNetherlands-

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