Network centrality effects in peer to peer lending

被引：24

作者：

Chen, Xiao ^{[1
]}

Chong, Zhaohui ^{[2
]}

Giudici, Paolo ^{[3
,5
]}

Huang, Bihong ^{[4
]}

机构：

[1] South China Agr Univ, Coll Econ & Management, Guangzhou 510642, Peoples R China

[2] Shantou Univ, Dept Appl Econ, Shantou, Peoples R China

[3] Univ Pavia, Dept Econ, Pavia, Italy

[4] Asian Dev Bank Inst Tokyo, Tokyo, Japan

[5] Univ Pavia, Dept Econ & Management, Via San Felice 7, I-27100 Pavia, Italy

来源：

PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS | 2022年 / 600卷

基金：

中国博士后科学基金; 欧盟地平线“2020”;

关键词：

Network centrality; Peer-to-peer lending; Lending behavior; Loan outcomes; SOCIAL NETWORKS; BOARD CONNECTIONS; TRUST; POLICIES; MODELS; MATTER; CREDIT; BIAS;

D O I：

10.1016/j.physa.2022.127546

中图分类号：

O4 [物理学];

学科分类号：

0702 ;

摘要：

This paper investigates the impact of network centrality on borrowers' and lenders' behavior in P2P lending. The empirical analysis on a leading Chinese lending platform reveals that the lenders who are in the center of a network not only invest by larger amounts but also more swiftly than their peers, reflecting the experience and information advantage arising from their position in the network. Furthermore central borrowers can borrow at lower interest rates with higher success rates, and have lower probability of default. (C) 2022 Elsevier B.V. All rights reserved.

引用

页数：19

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