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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/10012609975
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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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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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Determinants of borrowers' default in P2P lending under consideration of the loan risk class
Polena, Michal; Regner, Tobias - 2016
We study the determinants of borrowers' default in P2P lending with a new data set consisting of 70,673 loan observations from Lending Club. Previous research identified a number of default determining variables but did not distinguish between different loan risk levels. We define four loan risk...
Persistent link: https://www.econbiz.de/10011572701