Guaranteed crowdlending loans: A tool for entrepreneurial finance ecosystem sustainability

Artikel

Crowdlending is a disruptive financial tool that has been increasingly requested by SME 's to cover their capital needs. However, the growth of this technological development is being limited by the existing risk of default resulting in loss for lenders. To deal with this, funding platforms have started to offer more sustainable products such as the guaranteed loans. These special loans are backed by a Mutual Fund so Lenders minimise the risk of suffering the consequences of a default. This study aims to investigate the importance of factors related to loan characteristics, investor type and borrower's characteristics, in the crowdlending campaign success. To perform the analysis, we use Partial Least Squares (PLS) technique over a sample of 196 guaranteed loans from the pioneer platform in Spain offering that type of loans (MytripleA). Results indicate that the characteristics with greater influence in guaranteed crowdlending success are those related to the investors and the loans, while SME's factors seem not to have any impact. We consider that our results are interesting for both the funding platforms and the SME's seeking for funds.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: Amfiteatru Economic Journal ; ISSN: 2247-9104 ; Volume: 22 ; Year: 2020 ; Issue: 55 ; Pages: 775-791

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors ; Behavioral Finance: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets‡ ; Technological Change: Choices and Consequences; Diffusion Processes ; Environmental Economics: Technological Innovation
• Thema: disruptive technologies ; SME's ; crowdlending ; Peer-to-Business (P2B) ; guaranteed loans ; success factors ; Partial Least Squares (PLS)

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Sanchís-Pedregosa, Carlos ; Berenguer, Emma ; Albort-Morant, Gema ; Sanz, Jorge Antón
• Ereignis: Veröffentlichung
• (wer): The Bucharest University of Economic Studies
• (wo): Bucharest
• (wann): 2020

Weitere Informationen

• DOI: doi:10.24818/EA/2020/55/775
• Handle: http://hdl.handle.net/10419/281527
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ