Artikel
Emergence of Financial Intermediaries in Electronic Markets: The Case of Online P2P Lending
We analyze the role of intermediaries in electronic markets using detailed data of more than 14,000 originated loans on an electronic P2P (peer-to-peer) lending platform. In such an electronic credit market, lenders bid to supply a private loan. Screening of potential borrowers and the monitoring of loan repayment can be delegated to designated group leaders. We find that these market participants act as financial intermediaries and significantly improve borrowers' credit conditions by reducing information asymmetries, predominantly for borrowers with less attractive risk characteristics. Our findings may be surprising given the replacement of a bank by an electronic marketplace.
- Sprache
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Englisch
- Erschienen in
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Journal: BuR - Business Research ; ISSN: 1866-8658 ; Volume: 2 ; Year: 2009 ; Issue: 1 ; Pages: 39-65 ; Göttingen: VHB - Verband der Hochschullehrer für Betriebswirtschaft, German Academic Association of Business Research
- Klassifikation
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Management
- Thema
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asymmetric information
electronic markets
intermediation
social lending
Finanzintermediation
Asymmetrische Information
Social Web
Kreditgeschäft
E-Business
- Ereignis
-
Geistige Schöpfung
- (wer)
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Berger, Sven C.
Gleisner, Fabian
- Ereignis
-
Veröffentlichung
- (wer)
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VHB - Verband der Hochschullehrer für Betriebswirtschaft, German Academic Association of Business Research
- (wo)
-
Göttingen
- (wann)
-
2009
- DOI
-
doi:10.1007/BF03343528
- Handle
- URN
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urn:nbn:de:0009-20-19400
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Berger, Sven C.
- Gleisner, Fabian
- VHB - Verband der Hochschullehrer für Betriebswirtschaft, German Academic Association of Business Research
Entstanden
- 2009
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