Arbeitspapier
Networking with peers: Evidence from a P2P lending platform
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 network not only invest larger amounts but also invest more swiftly than their peers, reflecting the information advantage arising from their position in the network. Furthermore, the borrowers who are at the center of a network are able to borrow at lower interest rates and with higher success rates. At the same time, they are less likely to default. These findings imply that, in the P2P lending market, network linkages not only enhance market efficiency but also encourage reputation protection.
- Sprache
-
Englisch
- Erschienen in
-
Series: ADBI Working Paper Series ; No. 1080
- Klassifikation
-
Wirtschaft
Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions
Financial Econometrics
Financial Markets and the Macroeconomy
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
- Thema
-
network centrality
social networks
peer-to-peer lending
lending behavior
loan outcomes
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Chen, Xiao
Chong, Zhaohui
Giudici, Paolo
Huang, Bihong
- Ereignis
-
Veröffentlichung
- (wer)
-
Asian Development Bank Institute (ADBI)
- (wo)
-
Tokyo
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Chen, Xiao
- Chong, Zhaohui
- Giudici, Paolo
- Huang, Bihong
- Asian Development Bank Institute (ADBI)
Entstanden
- 2020
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