메뉴 건너뛰기




Volumn 11, Issue 5, 2012, Pages 495-503

Herding behavior in online P2P lending: An empirical investigation

Author keywords

Economic analysis; Empirical research; Herding; Market share modeling; Microfinance; P2P lending; Reverse auctions; Social networks

Indexed keywords

EMPIRICAL RESEARCH; HERDING; MARKET SHARE; MICROFINANCE; P2P LENDING; REVERSE AUCTION; SOCIAL NETWORKS;

EID: 84867560183     PISSN: 15674223     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.elerap.2012.02.001     Document Type: Article
Times cited : (300)

References (48)
  • 1
    • 85005305538 scopus 로고
    • The market for "lemons": Quality uncertainty and the market mechanism
    • G.A. Akerlof The market for "lemons": quality uncertainty and the market mechanism Quarterly Journal of Economics 84 3 1970 488 500
    • (1970) Quarterly Journal of Economics , vol.84 , Issue.3 , pp. 488-500
    • Akerlof, G.A.1
  • 2
    • 1942472555 scopus 로고    scopus 로고
    • Consumer credit scoring: Do situational circumstances matter?
    • R.B. Avery, P.S. Calem, and G.B. Canner Consumer credit scoring: do situational circumstances matter? Journal of Banking & Finance 28 4 2004 835 856
    • (2004) Journal of Banking & Finance , vol.28 , Issue.4 , pp. 835-856
    • Avery, R.B.1    Calem, P.S.2    Canner, G.B.3
  • 3
    • 84960565609 scopus 로고
    • A simple model of herd behavior
    • A. Banerjee A simple model of herd behavior Quarterly Journal of Economics 107 3 1992 797 817
    • (1992) Quarterly Journal of Economics , vol.107 , Issue.3 , pp. 797-817
    • Banerjee, A.1
  • 4
    • 0032178943 scopus 로고    scopus 로고
    • Multinomial logit market share models: Equilibrium characteristics and strategic implications
    • S. Basuroy, and D. Nguyen Multinomial logit market share models: equilibrium characteristics and strategic implications Management Science 44 10 1998 1398 1408
    • (1998) Management Science , vol.44 , Issue.10 , pp. 1398-1408
    • Basuroy, S.1    Nguyen, D.2
  • 6
  • 7
    • 27744568768 scopus 로고
    • A theory of fads, fashion, custom, and cultural change as informational cascades
    • S. Bikhchandani, D. Hirshleifer, and I. Welch A theory of fads, fashion, custom, and cultural change as informational cascades The Journal of Political Economy 100 5 1992 992 1026
    • (1992) The Journal of Political Economy , vol.100 , Issue.5 , pp. 992-1026
    • Bikhchandani, S.1    Hirshleifer, D.2    Welch, I.3
  • 8
    • 0033737577 scopus 로고    scopus 로고
    • Frictionless commerce? A comparison of Internet and conventional retailers
    • E. Brynjolfsson, and M.D. Smith Frictionless commerce? A comparison of Internet and conventional retailers Management Science 46 4 2000 563 585
    • (2000) Management Science , vol.46 , Issue.4 , pp. 563-585
    • Brynjolfsson, E.1    Smith, M.D.2
  • 9
    • 0001708056 scopus 로고
    • A model of marketing mix, brand switching, and competition
    • G.S. Carpenter, and D.R. Lehmann A model of marketing mix, brand switching, and competition Journal of Marketing Research 22 3 1985 318 329
    • (1985) Journal of Marketing Research , vol.22 , Issue.3 , pp. 318-329
    • Carpenter, G.S.1    Lehmann, D.R.2
  • 10
    • 77957097645 scopus 로고
    • Market-share models
    • J. Eliashberg, G. Lilien, Elsevier Science Publishers Amsterdam, Netherlands
    • L.G. Cooper Market-share models J. Eliashberg, G. Lilien, Handbooks in Operations Research and Marketing Science 1993 Elsevier Science Publishers Amsterdam, Netherlands 259 314
    • (1993) Handbooks in Operations Research and Marketing Science , pp. 259-314
    • Cooper, L.G.1
  • 11
    • 0001138987 scopus 로고    scopus 로고
    • Rational herding in financial economics
    • A. Devenow, and I. Welch Rational herding in financial economics European Economic Review 40 1996 603 615
    • (1996) European Economic Review , vol.40 , pp. 603-615
    • Devenow, A.1    Welch, I.2
  • 12
    • 60649098552 scopus 로고    scopus 로고
    • Informational cascades and software adoption on the Internet: An empirical investigation
    • W. Duan, B. Gu, and A. Whinston Informational cascades and software adoption on the Internet: an empirical investigation MIS Quarterly 33 1 2009 23 48
    • (2009) MIS Quarterly , vol.33 , Issue.1 , pp. 23-48
    • Duan, W.1    Gu, B.2    Whinston, A.3
  • 13
    • 84867504187 scopus 로고    scopus 로고
    • Group membership, relationship banking and loan default risk: The case of online social lending
    • C.R. Everett Group membership, relationship banking and loan default risk: the case of online social lending Journal of Internet Banking and Commerce 16 2 2011 Available at
    • (2011) Journal of Internet Banking and Commerce , vol.16 , Issue.2
    • Everett, C.R.1
  • 16
    • 0000444110 scopus 로고
    • The multinomial, multiattribute logit choice model
    • D.H. Gensch, and W.W. Recker The multinomial, multiattribute logit choice model Journal of Marketing Research 16 1 1979 124 132
    • (1979) Journal of Marketing Research , vol.16 , Issue.1 , pp. 124-132
    • Gensch, D.H.1    Recker, W.W.2
  • 17
    • 0040531752 scopus 로고    scopus 로고
    • Herding among investment newsletters: Theory and evidence
    • J.R. Graham Herding among investment newsletters: theory and evidence Journal of Finance 54 1 1999 237 268
    • (1999) Journal of Finance , vol.54 , Issue.1 , pp. 237-268
    • Graham, J.R.1
  • 18
    • 0010905139 scopus 로고
    • Equilibrium characteristics of multinomial logit market share models
    • T.S. Gruca, and D. Sudharshan Equilibrium characteristics of multinomial logit market share models Journal of Marketing Research 28 4 1991 480 482
    • (1991) Journal of Marketing Research , vol.28 , Issue.4 , pp. 480-482
    • Gruca, T.S.1    Sudharshan, D.2
  • 19
    • 0012319054 scopus 로고    scopus 로고
    • Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature
    • P.M. Healy, and K.G. Palepu Information asymmetry, corporate disclosure, and the capital markets: a review of the empirical disclosure literature Journal of Accounting and Economics 31 2001 405 440
    • (2001) Journal of Accounting and Economics , vol.31 , pp. 405-440
    • Healy, P.M.1    Palepu, K.G.2
  • 23
    • 0000549254 scopus 로고
    • Working paper, Fishman-Davidson Center, Wharton School, University of Pennsylvania, Philadelphia, PA
    • Holmstrom, B. The provision of services in a market economy. Working paper, Fishman-Davidson Center, Wharton School, University of Pennsylvania, Philadelphia, PA, 1984.
    • (1984) The Provision of Services in A Market Economy
    • Holmstrom, B.1
  • 24
    • 0025632669 scopus 로고
    • Imperfect information and rural credit markets: Puzzles and policy perspectives
    • K. Hope, and J.E. Stiglitz Imperfect information and rural credit markets: puzzles and policy perspectives The World Bank Economic Review 4 3 1990 235 250
    • (1990) The World Bank Economic Review , vol.4 , Issue.3 , pp. 235-250
    • Hope, K.1    Stiglitz, J.E.2
  • 30
    • 2942717082 scopus 로고    scopus 로고
    • Kin Groups and reciprocity: A model of credit transactions in Ghana
    • E. La Ferrara Kin Groups and reciprocity: a model of credit transactions in Ghana American Economic Review 93 5 2003 1730 1751
    • (2003) American Economic Review , vol.93 , Issue.5 , pp. 1730-1751
    • La Ferrara, E.1
  • 34
    • 84989143831 scopus 로고
    • Information asymmetries: A source of competitive advantage for diversified service firms
    • P.R. Nayyar Information asymmetries: a source of competitive advantage for diversified service firms Strategic Management Journal 11 1990 513 519
    • (1990) Strategic Management Journal , vol.11 , pp. 513-519
    • Nayyar, P.R.1
  • 35
    • 3843131234 scopus 로고    scopus 로고
    • Working paper, Kellogg School of Management, Northwestern University, Evanston, IL, and NBER, Cambridge, MA
    • Petersen, M. A. Information: hard and soft. Working paper, Kellogg School of Management, Northwestern University, Evanston, IL, and NBER, Cambridge, MA, 2004. Available at .
    • (2004) Information: Hard and Soft
    • Petersen, M.A.1
  • 38
    • 0001531902 scopus 로고
    • The choice process for graduate business schools
    • G.N. Punj, and R. Staelin The choice process for graduate business schools Journal of Marketing Research 15 4 1978 588 598
    • (1978) Journal of Marketing Research , vol.15 , Issue.4 , pp. 588-598
    • Punj, G.N.1    Staelin, R.2
  • 41
    • 2642573728 scopus 로고    scopus 로고
    • Credit scoring for microfinance: Can it work?
    • M. Schreiner Credit scoring for microfinance: can it work? Journal of Microfinance 2 2 2000 105 118
    • (2000) Journal of Microfinance , vol.2 , Issue.2 , pp. 105-118
    • Schreiner, M.1
  • 45
    • 84963002254 scopus 로고
    • Risk and insurance in a rural credit market: An empirical investigation in Northern Nigeria
    • C. Udry Risk and insurance in a rural credit market: an empirical investigation in Northern Nigeria Review of Economic Studies 61 3 1994 495 526
    • (1994) Review of Economic Studies , vol.61 , Issue.3 , pp. 495-526
    • Udry, C.1
  • 47
    • 84862928113 scopus 로고    scopus 로고
    • Mitigating Adverse Selection in P2P Lending: Empirical Evidence from Prosper.com
    • Weiss, G. N., Pelger, K., and Horsch, A. Mitigating adverse selection in P2P lending: empirical evidence from Prosper.com. Working paper, 2010. Available at .
    • (2010) Working Paper
    • Weiss, G.N.1    Pelger, K.2    Horsch, A.3
  • 48
    • 84977727359 scopus 로고
    • Sequential sales, learning, and cascades
    • I. Welch Sequential sales, learning, and cascades Journal of Finance 47 2 1992 695 732
    • (1992) Journal of Finance , vol.47 , Issue.2 , pp. 695-732
    • Welch, I.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.