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Networking with peers : evidence from a P2P lending platform
Chen, Xiao; Chong, Zhaohui; Giudici, Paolo; Huang, Bihong - 2020
The paper investigates the role of network centrality in predicting borrowers' and lenders' behavior in peer-to-peer (P2P) lending. The empirical analysis of data from Renrendai, a leading lending platform in the People's Republic of China, reveals that the lenders who are at the center of a...
Persistent link: https://www.econbiz.de/10012165292
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Banking 2025 : the bank of the future
Lenz, Rainer - 2015
Developments in information technology are fundamentally changing many traditional business models. Progress in the IT area is bringing about one change in particular: it is reducing search costs and allowing buyers and sellers of products and services to find each other directly on web-based...
Persistent link: https://www.econbiz.de/10010532619
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Which securities regulation promotes crowdinvesting?
Hornuf, Lars; Schwienbacher, Armin - 2014
In this paper, we show that too strong investor protection may harm small firms and, thus, entrepreneurial initiatives. This situation is particularly relevant in crowdinvesting, which refers to a recent financial innovation originating on the Internet. In general, securities regulation offers...
Persistent link: https://www.econbiz.de/10010364732
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Referral incentives in crowdfunding
Naroditskiy, Victor; Stein, Sebastian; Tonin, Mirco; … - 2014
Word-of-mouth, referral, or viral marketing is a highly sought-after way of advertising. We undertake a field experiment that compares incentive mechanisms for encouraging social media shares to support a given cause. Our experiment takes place on a website set up to promote a fundraising drive...
Persistent link: https://www.econbiz.de/10010252708
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Crowdfunding, cascades and informed investors
Parker, Simon C. - 2014
are ultimately financed via crowdfunding? A simple model and simulation reveals the answers to both questions to be: "not …
Persistent link: https://www.econbiz.de/10010252710
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Peer to peer lending : a (financial stability) risk perspective
Käfer, Benjamin - 2016
The aim of this paper is to discuss P2P lending, a subcategory of crowdfunding, from a (financial stability) risk …
Persistent link: https://www.econbiz.de/10011458773
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A theory of crowdfunding : a mechanism design approach with demand uncertainty and moral hazard
Strausz, Roland - 2016
Crowdfunding provides innovation in enabling entrepreneurs to contract with consumers before investment. Under … information threatens this benefit. Despite these threats, popular crowdfunding schemes are able to implement optimal screening … mechanisms. Crowdfunding's after-markets enable consumers to actively implement deferred payments and thereby optimally manage …
Persistent link: https://www.econbiz.de/10011541093
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Peer-to-peer lending and financial innovation in the United Kingdom
Atz, Ulrich; Bholat, David - 2016
Persistent link: https://www.econbiz.de/10011480673
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Important factors determining Fintech loan default : evidence from the LendingClub consumer platform
Croux, Christophe; Jagtiani, Julapa; Korivi, Tarunsai; … - 2020
This study examines key default determinants of fintech loans, using loan-level data from the LendingClub consumer platform during 2007–2018. We identify a robust set of contractual loan characteristics, borrower characteristics, and macroeconomic variables that are important in determining...
Persistent link: https://www.econbiz.de/10012372761
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The dawn of fintech in Latin America : landscape, prospects and challenges
Cantú, Carlos; Ulloa, Bárbara - Bank für Internationalen Zahlungsausgleich / … - 2020
Fintech in Latin America is greeting the dawn. We take stock of how it is transforming financial services in the region. First, we describe the fintech landscape in terms of investment, firms and services provided. We find that fintech has quickly gained traction in Latin America, mainly in the...
Persistent link: https://www.econbiz.de/10012387160