题目:   The Sunshine Effects on Solar Loan Repayments

主讲人：潘颖豪，中国人民大学

时间：2022年5 月11 日下午1：30 – 3：00 （北京时间）

举办方式：线上讲座，扫描文末二维码即可报名

主讲人简介：

Yinghao Pan is joining the National Academy of Development and Strategy at the Renmin University of China as an Assistant Professor. He works on public economics, urban economics, and development economics. He obtained his Ph.D. from the National University of Singapore and his bachelor’s degrees in management and economics from the Renmin University of China.

Abstract:：

Solar loans are increasingly used to promote residential solar photovoltaic expansion, but with concerns on its default rate. This paper studies the psychological effects of sunshine on borrowers’ repayment behaviors. Using administrative datasets from China, we show that borrowers are 20.8 percent less likely to be delinquent if the sunshine duration is one standard deviation longer in the week of the repayment deadline. The evidence is most consistent with behavioral bias that borrowers mispredict future revenue based on the current sunshine durations. We highlight the importance of psychological factors in renewable energy financing.