Joint liability loans in online peer-to-peer lending

被引：6
|
作者：
Zhou, Yimin [1 ,2 ]
Wei, Xu [3 ]
机构：
[1] Peking Univ, Chinese Acad Social Sci, Inst World Econ & Polit, Beijing, Peoples R China
[2] Peking Univ, Inst Digital Finance, Beijing, Peoples R China
[3] Cent Univ Finance & Econ, Sch Finance, Beijing, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2020年 / 32卷
基金：
中国国家自然科学基金;
关键词：
Online peer-to-Peer lending; Joint liability loan; Default risk; SOFT INFORMATION; TEXT;
D O I：
10.1016/j.frl.2018.12.024
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This work examines the performance of joint-liability loans, compared with individual loans, in online P2P lending. We show that, with all else being equal, joint-type loans are less likely to default. However, they don't get lower interest rates. This result suggests that the loan-type (joint-liability or individual), which has the potential to be a source of "soft information", is not priced in online lending.
引用
收藏
页数：4
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