This paper uses a new data source, online social lending (a.k.a. peer-to-peer lending), to help answer the question of what impact borrower-lender information asymmetries have on adverse selection, moral hazard and the hold-up problem. The hold-up problem refers to when lenders with private...

The quarterly private capital access (PCA) index and the private capital demand (PCD) index, economic indicators published by the Pepperdine Private Capital Markets Project, predict continued low levels of both demand and access in the near future. Thus the near-term prospects for robust...

In 2010, Maryland became the first state to allow firms to incorporate as “benefit corporations,” which are for-profit entities with a social purpose. Since then, nineteen other states have followed. Using survey data from the population of 94 benefit corporations existent at the time of the...