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Paralyzed by Shock and Confused by Glut: The Portfolio Formation Behavior of Peer-to-Business Lending Investors

Dorfleitner, Gregor; Hornuf, Lars; Weber, Martina - 2018

We study the investor behavior on a leading peer-to-business lending platform and find evidence of two new investment biases—a default shock bias and a deep market bias. First, we find investors to stop investing in new loans and to cease from diversifying their portfolio after experiencing a...

Persistent link: https://www.econbiz.de/10011872149

Impact Investing through Crowdlending: Examining the Role of Intermediation and the Potential for Development Banks

Lee, Andrew; Weiland, Christiane - In: Vierteljahrshefte zur Wirtschaftsforschung 89 (2020) 3, pp. 99-118

Development banks are facing changing market conditions with low interest rates, rapid technological change, and an increased interest in impact investment. This combination of factors challenges traditional processes and business models, but also provides a chance to develop new and sustained...

Persistent link: https://www.econbiz.de/10013177219

Guaranteed crowdlending loans: A tool for entrepreneurial finance ecosystem sustainability

Sanchís-Pedregosa, Carlos; Berenguer, Emma; … - In: Amfiteatru Economic Journal 22 (2020) 55, pp. 775-791

Crowdlending is a disruptive financial tool that has been increasingly requested by SME 's to cover their capital needs …'s characteristics, in the crowdlending campaign success. To perform the analysis, we use Partial Least Squares (PLS) technique over a … that the characteristics with greater influence in guaranteed crowdlending success are those related to the investors and …

Persistent link: https://www.econbiz.de/10014462065

Regulation of crowdfunding in Germany

Tröger, Tobias - 2017

This paper is the national report for Germany prepared for the to the 20th General Congress of the International Academy of Comparative Law 2018 and gives an overview of the regulation of crowdfunding in Germany and the typical design of crowdfunding campaigns under this legal framework. After a...

Persistent link: https://www.econbiz.de/10011793660

Introduction to the macroeconomic dynamics: Special issues on money, credit, and liquidity

Nosal, Ed; Waller, Christopher; Wright, Randall - 2010

We motivate and provide an overview to New Monetarist Economics. We then briefly describe the individual contributions to the Macroeconomics Dynamics special issues on money, credit and liquidity.

Persistent link: https://www.econbiz.de/10010292208

Overborrowing and systemic externalities in the business cycle

Bianchi, Javier - 2009

Credit constraints that link a private agent’s debt to market-determined prices embody a credit externality that drives a wedge between competitive and constrained socially optimal equilibria, inducing private agents to overborrow. The externality arises because agents fail to internalize the...

Persistent link: https://www.econbiz.de/10010292300

The credit channel of monetary policy: Case of Austria

Krylova, Elizaveta - 2002

The legal environment, the structure of the financial system as well as the concentration of corporate ownership and the development of the capital market suggest for Austria a high effectiveness of the monetary policy with a strong impact of the lending channel. This supposition was verified...

Persistent link: https://www.econbiz.de/10010292757

Can Europe recover without credit?

Darvas, Zsolt - 2013

- Data from 135 countries covering five decades suggests that creditless recoveries, in which the stock of real credit does not return to the pre-crisis level for three years after the GDP trough, are not rare and are characterised by remarkable real GDP growth rates: 4.7 percent per year in...

Persistent link: https://www.econbiz.de/10010293559

Die Rolle der Bankkredite im Finanzierungsspektrum der deutschen Wirtschaft

Friderichs, Hans; Körting, Timm - In: Wirtschaftsdienst 91 (2011) 1, pp. 31-38

In den letzten zwei Jahren wurde von vielen eine Kreditklemme für die deutschen Unternehmen als reales Problem, oder zumindest als akutes makroökonomisches Risiko, angesehen. Die vorliegende Untersuchung anhand der Bilanzdaten aus dem Jahresabschlussdatenpool der Deutschen Bundesbank macht...

Persistent link: https://www.econbiz.de/10010293610

Micro-credit and group lending: The collateral effect

Andersen, Lykke Eg; Nina, Osvaldo - 1998

Conventional banking practices do not easily accommodate the financial needs of poor persons. Group-lending, on the other hand, has found several advantages in the context of poor borrowers with no collateral to offer. An important advantage is that the bank’s losses due to unsuccessful...

Persistent link: https://www.econbiz.de/10010294246

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