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온라인 개인간 대출시장에서의 차입자 특성 연구

A Study on the Determinants of the Characteristics of Online Peer-to-Peer Lending

  • Kim, Hakkon (Department of Management Engineering, College of Business, KAIST) ;
  • Park, Kwangwoo (Graduate School of Finance and Accounting, College of Business, KAIST)
  • 투고 : 2013.10.01
  • 심사 : 2013.12.02
  • 발행 : 2013.12.31

초록

In this paper, we examine factors of success in online P2P (peer-to-peer) lending auctions. This paper finds the following empirical results. First, loan applicants with a stable employment status are more likely to succeed in the auction than loan applicants with an unstable employment status. Second, loan applicants, who actively share personal information and interact with lenders through online message boards, are likely to succeed in the auction. Third, the purpose of a loan for debt repayment has a significant impact on the success of the auction. However, the purpose of a loan for essential living expenses such as housing, living, and medical expenses has an insignificant relationship with the success of the auction. Our results imply that the characteristics of loan applicants such as employment status and social interaction are the factors of success in online P2P lending auctions.

키워드

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