Online Appendix for 'Network Motivated Lending Decisions : A Rationale for Forbearance Lending'

This online appendix includes supplemental materials for "Network-motivated Lending Decisions: A Rationale for Forbearance Lending'' by Ogura, Okui, and Saito. Online Appendix 1 contains the proofs of the propositions. Online Appendix 2 presents a numerical example for the theoretical model. Online Appendix 3 derives the bias property of the OLS estimator applied to the spatial autoregressive model. Online Appendix 4 presents the formula for standard errors for the OLS estimator, which are adjusted to address the problem that the demand influence coefficients are estimated regressors. Online Appendix 5 presents additional empirical results to examine the robustness of the empirical results in the main text