메뉴 건너뛰기




Volumn 15, Issue , 2016, Pages 1-13

Group social capital and lending outcomes in the financial credit market: An empirical study of online peer-to-peer lending

Author keywords

Funding performance; Group social capital; Institutional environment; Peer to peer (P2P) lending; Repayment performance; Social capital

Indexed keywords

COMMERCE; MACHINE DESIGN;

EID: 84958547251     PISSN: 15674223     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.elerap.2015.11.003     Document Type: Article
Times cited : (63)

References (80)
  • 1
    • 0036001864 scopus 로고    scopus 로고
    • Social capital: Prospects for a new concept
    • P.S. Adler, and S.W. Kwon Social capital: prospects for a new concept Academy of Management Review 27 1 2002 17 40
    • (2002) Academy of Management Review , vol.27 , Issue.1 , pp. 17-40
    • Adler, P.S.1    Kwon, S.W.2
  • 2
    • 0034336937 scopus 로고    scopus 로고
    • Collaboration networks, structural holes, and innovation: A longitudinal study
    • G. Ahuja Collaboration networks, structural holes, and innovation: a longitudinal study Administrative Science Quarterly 45 3 2000 425 455
    • (2000) Administrative Science Quarterly , vol.45 , Issue.3 , pp. 425-455
    • Ahuja, G.1
  • 3
    • 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
  • 4
    • 0031536918 scopus 로고    scopus 로고
    • The theory of financial intermediation
    • F. Allen, and A.M. Santomero The theory of financial intermediation Journal of Banking & Finance 21 11 1997 1461 1485
    • (1997) Journal of Banking & Finance , vol.21 , Issue.11 , pp. 1461-1485
    • Allen, F.1    Santomero, A.M.2
  • 5
    • 74249112765 scopus 로고    scopus 로고
    • Micro credit in Chiapas, México: Poverty reduction through group lending
    • G. Barboza, and S. Trejos Micro credit in Chiapas, México: poverty reduction through group lending Journal of Business Ethics 88 2 2009 283 299
    • (2009) Journal of Business Ethics , vol.88 , Issue.2 , pp. 283-299
    • Barboza, G.1    Trejos, S.2
  • 6
    • 84869998525 scopus 로고    scopus 로고
    • Emergence of financial intermediaries in electronic markets: The case of online P2P lending
    • S.C. Berger, and F. Gleisner Emergence of financial intermediaries in electronic markets: the case of online P2P lending BuR-Business Research 2 1 2009 39 65
    • (2009) BuR-Business Research , vol.2 , Issue.1 , pp. 39-65
    • Berger, S.C.1    Gleisner, F.2
  • 7
    • 0029482618 scopus 로고
    • Group lending, repayment incentives and social collateral
    • T. Besley, and S. Coate Group lending, repayment incentives and social collateral Journal of Development Economics 46 1 1995 1 18
    • (1995) Journal of Development Economics , vol.46 , Issue.1 , pp. 1-18
    • Besley, T.1    Coate, S.2
  • 8
    • 33751513386 scopus 로고
    • The role of networks in the entrepreneurial process
    • S. Birley The role of networks in the entrepreneurial process Journal of Business Venturing 1 1 1985 107 117
    • (1985) Journal of Business Venturing , vol.1 , Issue.1 , pp. 107-117
    • Birley, S.1
  • 12
    • 34249081225 scopus 로고    scopus 로고
    • Punishing free-riders: How group size affects mutual monitoring and the provision of public goods
    • J.P. Carpenter Punishing free-riders: how group size affects mutual monitoring and the provision of public goods Games and Economic Behavior 60 1 2007 31 51
    • (2007) Games and Economic Behavior , vol.60 , Issue.1 , pp. 31-51
    • Carpenter, J.P.1
  • 13
    • 34249331697 scopus 로고    scopus 로고
    • The effect of social capital on group loan repayment: Evidence from field experiments
    • A. Cassar, L. Crowley, and B. Wydick The effect of social capital on group loan repayment: evidence from field experiments The Economic Journal 117 517 2007 85 106
    • (2007) The Economic Journal , vol.117 , Issue.517 , pp. 85-106
    • Cassar, A.1    Crowley, L.2    Wydick, B.3
  • 14
    • 84967306358 scopus 로고    scopus 로고
    • Regulating online peer-to-peer lending in the aftermath of dodd-frank: In search of an evolving regulatory regime for an evolving industry
    • E.C. Chaffee, and G.C. Rapp Regulating online peer-to-peer lending in the aftermath of dodd-frank: in search of an evolving regulatory regime for an evolving industry Washington and Lee Law Review 69 2012 485
    • (2012) Washington and Lee Law Review , vol.69 , pp. 485
    • Chaffee, E.C.1    Rapp, G.C.2
  • 15
    • 79951580981 scopus 로고    scopus 로고
    • Social capital and individual motivations on knowledge sharing: Participant involvement as a moderator
    • H.H. Chang, and S.S. Chuang Social capital and individual motivations on knowledge sharing: participant involvement as a moderator Information & Management 48 1 2011 9 18
    • (2011) Information & Management , vol.48 , Issue.1 , pp. 9-18
    • Chang, H.H.1    Chuang, S.S.2
  • 16
    • 84936823500 scopus 로고
    • Social capital in the creation of human capital
    • J.S. Coleman Social capital in the creation of human capital American Journal of Sociology 94 1988 S95 S120
    • (1988) American Journal of Sociology , vol.94 , pp. S95-S120
    • Coleman, J.S.1
  • 18
    • 77950879487 scopus 로고    scopus 로고
    • Sending mixed signals: Multilevel reputation effects in peer-to-peer lending markets
    • February 6-10, Savannah, GA, ACM Press, New York, NY
    • Collier, B. C., and Hampshire, R. Sending mixed signals: multilevel reputation effects in peer-to-peer lending markets. In Proceedings of the 2010 ACM Conference on Computer Supported Cooperative Work, February 6-10, Savannah, GA, ACM Press, New York, NY, 2010, 197-206.
    • (2010) Proceedings of the 2010 ACM Conference on Computer Supported Cooperative Work , pp. 197-206
    • Collier, B.C.1    Hampshire, R.2
  • 20
    • 84864484014 scopus 로고    scopus 로고
    • Trust and credit: The role of appearance in peer-to-peer lending
    • J. Duarte, S. Siegel, and L. Young Trust and credit: the role of appearance in peer-to-peer lending Review of Financial Studies 25 8 2012 2455 2484
    • (2012) Review of Financial Studies , vol.25 , Issue.8 , pp. 2455-2484
    • Duarte, J.1    Siegel, S.2    Young, L.3
  • 21
    • 33646460811 scopus 로고    scopus 로고
    • Social capital
    • Chapter 26 in P. Aghion and S. Durlauf (eds.) Elsevier Science Publishers, Amsterdam, Netherlands
    • Durlauf, S. N., and Fafchamps, M. Social capital. Chapter 26 in P. Aghion and S. Durlauf (eds.), Handbook of Economic Growth, Elsevier Science Publishers, Amsterdam, Netherlands, 2005.
    • (2005) Handbook of Economic Growth
    • Durlauf, S.N.1    Fafchamps, M.2
  • 22
    • 34248585387 scopus 로고    scopus 로고
    • Destructive leadership behaviour: A definition and conceptual model
    • S. Einarsen, M.S. Aasland, and A. Skogstad Destructive leadership behaviour: a definition and conceptual model The Leadership Quarterly 18 3 2007 207 216
    • (2007) The Leadership Quarterly , vol.18 , Issue.3 , pp. 207-216
    • Einarsen, S.1    Aasland, M.S.2    Skogstad, A.3
  • 23
    • 46549102152 scopus 로고
    • What's different about banks?
    • E.F. Fama What's different about banks? Journal of Monetary Economics 15 1 1985 29 39
    • (1985) Journal of Monetary Economics , vol.15 , Issue.1 , pp. 29-39
    • Fama, E.F.1
  • 24
    • 12244281700 scopus 로고    scopus 로고
    • Routledge London and New York
    • J. Field Social Capital 2003 Routledge London and New York
    • (2003) Social Capital
    • Field, J.1
  • 30
    • 17044428559 scopus 로고    scopus 로고
    • The impact of social structure on economic outcomes
    • M. Granovetter The impact of social structure on economic outcomes Journal of Economic Perspectives 19 1 2005 33 50
    • (2005) Journal of Economic Perspectives , vol.19 , Issue.1 , pp. 33-50
    • Granovetter, M.1
  • 31
    • 84870971431 scopus 로고    scopus 로고
    • The role of social capital in people-to-people lending marketplaces
    • Paper 29
    • Greiner, M. E., and Wang, H. The role of social capital in people-to-people lending marketplaces. ICIS 2009 Proceedings, Paper 29, 2009. Available at < http://aisel.aisnet.org/icis2009/29 >.
    • (2009) ICIS 2009 Proceedings
    • Greiner, M.E.1    Wang, H.2
  • 32
    • 84885373047 scopus 로고    scopus 로고
    • Understanding and measuring social capital: A multidisciplinary tool for practitioners
    • C. Grootaert and T. V. Bastelaer (eds.) Washington, D.C
    • Grootaert, C., and Van Bastelaer, T. Understanding and measuring social capital: a multidisciplinary tool for practitioners. In C. Grootaert and T. V. Bastelaer (eds.), World Bank Publications, Washington, D.C., 2002.
    • (2002) World Bank Publications
    • Grootaert, C.1    Van Bastelaer, T.2
  • 33
    • 77957665686 scopus 로고    scopus 로고
    • Light the fire within
    • R.W. Gunn Light the fire within Strategic Finance 87 11 2006 8 10
    • (2006) Strategic Finance , vol.87 , Issue.11 , pp. 8-10
    • Gunn, R.W.1
  • 34
    • 0000125534 scopus 로고
    • Sample selection bias as a specification error
    • J.J. Heckman Sample selection bias as a specification error Econometrica 47 1 1979 153 161
    • (1979) Econometrica , vol.47 , Issue.1 , pp. 153-161
    • Heckman, J.J.1
  • 36
    • 31544442187 scopus 로고    scopus 로고
    • Rules and actions: Determinants of peer group and staff actions in group-based microcredit programs in the United States
    • C.K.R. Hung Rules and actions: determinants of peer group and staff actions in group-based microcredit programs in the United States Economic Development Quarterly 20 1 2006 75 96
    • (2006) Economic Development Quarterly , vol.20 , Issue.1 , pp. 75-96
    • Hung, C.K.R.1
  • 37
    • 84958589033 scopus 로고    scopus 로고
    • Prosper announces major changes to groups concept
    • Sep 5
    • Jaworski, M. Prosper announces major changes to groups concept, P2P Lending News, Sep 5, 2007. Available at < http://www.p2plendingnews.com/2007/09/prosper-announces-major - changes-to-groups-concept >.
    • (2007) P2P Lending News
    • Jaworski, M.1
  • 38
    • 34249302072 scopus 로고    scopus 로고
    • Social connections and group banking
    • D.S. Karlan Social connections and group banking The Economic Journal 117 517 2007 F52 F84
    • (2007) The Economic Journal , vol.117 , Issue.517 , pp. F52-F84
    • Karlan, D.S.1
  • 40
    • 46049090548 scopus 로고    scopus 로고
    • Is social capital part of the institutions continuum and is it a deep determinant of development?
    • Knowles, S. Is social capital part of the institutions continuum and is it a deep determinant of development? UNU-WIDER Discussion Paper, 2006. Available at < http://hdl.handle.net/10419/63283 >.
    • (2006) UNU-WIDER Discussion Paper
    • Knowles, S.1
  • 41
  • 42
    • 0032172155 scopus 로고    scopus 로고
    • Internet paradox: A social technology that reduces social involvement and psychological well-being?
    • R. Kraut, M. Patterson, V. Lundmark, S. Kiesler, T. Mukophadhyay, and W. Scherlis Internet paradox: a social technology that reduces social involvement and psychological well-being? American Psychologist 53 9 1998 1017 1031
    • (1998) American Psychologist , vol.53 , Issue.9 , pp. 1017-1031
    • Kraut, R.1    Patterson, M.2    Lundmark, V.3    Kiesler, S.4    Mukophadhyay, T.5    Scherlis, W.6
  • 43
    • 84867560183 scopus 로고    scopus 로고
    • Herding behavior in online P2P lending: An empirical investigation
    • E. Lee, and B. Lee Herding behavior in online P2P lending: an empirical investigation Electronic Commerce Research and Applications 11 5 2012 495 503
    • (2012) Electronic Commerce Research and Applications , vol.11 , Issue.5 , pp. 495-503
    • Lee, E.1    Lee, B.2
  • 44
    • 0141721484 scopus 로고    scopus 로고
    • Social capital and the built environment: The importance of walkable neighborhoods
    • K.M. Leyden Social capital and the built environment: the importance of walkable neighborhoods American Journal of Public Health 93 9 2003 1546 1551
    • (2003) American Journal of Public Health , vol.93 , Issue.9 , pp. 1546-1551
    • Leyden, K.M.1
  • 45
    • 84958531347 scopus 로고    scopus 로고
    • (Feb. 4, 2011). (last accessed 13.11.15)
    • Lieber, R. The gamble of lending peer to peer, N.Y. Times, (Feb. 4, 2011). Available at http://www.nytimes.com/2011/02/05/your-money/05money.html?pagewanted=all&-r=0 (last accessed 13.11.15).
    • The Gamble of Lending Peer to Peer, N.Y. Times
    • Lieber, R.1
  • 46
    • 84874137168 scopus 로고    scopus 로고
    • Judging borrowers by the company they keep: Friendship networks and information asymmetry in online peer-to-peer lending
    • M. Lin, N.R. Prabhala, and S. Viswanathan Judging borrowers by the company they keep: friendship networks and information asymmetry in online peer-to-peer lending Management Science 59 1 2013 17 35
    • (2013) Management Science , vol.59 , Issue.1 , pp. 17-35
    • Lin, M.1    Prabhala, N.R.2    Viswanathan, S.3
  • 47
    • 0000428129 scopus 로고    scopus 로고
    • Building a network theory of social capital
    • N. Lin Building a network theory of social capital Connections 22 1 1999 28 51
    • (1999) Connections , vol.22 , Issue.1 , pp. 28-51
    • Lin, N.1
  • 48
    • 84942794689 scopus 로고    scopus 로고
    • Friendships in online peer-to-peer lending: Pipes, prisms, and relational herding
    • D. Liu, D. Brass, Y. Lu, and D. Chen Friendships in online peer-to-peer lending: pipes, prisms, and relational herding MIS Quarterly 39 3 2015 729 742
    • (2015) MIS Quarterly , vol.39 , Issue.3 , pp. 729-742
    • Liu, D.1    Brass, D.2    Lu, Y.3    Chen, D.4
  • 53
    • 27544446016 scopus 로고    scopus 로고
    • Structural vs. Relational embeddedness: Social capital and managerial performance
    • P. Moran Structural vs. Relational embeddedness: social capital and managerial performance Strategic Management Journal 26 12 2005 1129 1151
    • (2005) Strategic Management Journal , vol.26 , Issue.12 , pp. 1129-1151
    • Moran, P.1
  • 55
    • 0032375624 scopus 로고    scopus 로고
    • Social capital, intellectual capital, and the organizational advantage
    • J. Nahapiet, and S. Ghoshal Social capital, intellectual capital, and the organizational advantage Academy of Management Review 23 2 1998 242 266
    • (1998) Academy of Management Review , vol.23 , Issue.2 , pp. 242-266
    • Nahapiet, J.1    Ghoshal, S.2
  • 56
    • 84958530528 scopus 로고    scopus 로고
    • North American knowledge.wharton.upenn.edu/ (June 8, 2014). Available at < > (last accessed 13.11.15)
    • North American. Peer-to-Peer lending: ready to grow, despite a few red flags. knowledge.wharton.upenn.edu/ (June 8, 2014). Available at < http://knowledge.wharton.upenn. edu/article/peer-peer-lending-ready-grow-despite-red-flags/ > (last accessed 13.11.15).
    • Peer-to-Peer Lending: Ready to Grow, Despite A Few Red Flags
  • 58
    • 9944257053 scopus 로고    scopus 로고
    • Group social capital and group effectiveness: The role of informal socializing ties
    • H. Oh, M.H. Chung, and G. Labianca Group social capital and group effectiveness: the role of informal socializing ties Academy of Management Journal 47 6 2004 860 875
    • (2004) Academy of Management Journal , vol.47 , Issue.6 , pp. 860-875
    • Oh, H.1    Chung, M.H.2    Labianca, G.3
  • 59
    • 0012949171 scopus 로고    scopus 로고
    • Does distance still matter? the information revolution in small business lending
    • M.A. Petersen, and R.G. Rajan Does distance still matter? The information revolution in small business lending The Journal of Finance 57 6 2002 2533 2570
    • (2002) The Journal of Finance , vol.57 , Issue.6 , pp. 2533-2570
    • Petersen, M.A.1    Rajan, R.G.2
  • 60
    • 78650643488 scopus 로고    scopus 로고
    • What's in a picture? Evidence of discrimination from prosper.com
    • D.G. Pope, and J.R. Sydnor What's in a picture? Evidence of discrimination from prosper.com Journal of Human Resources 46 1 2011 53 92
    • (2011) Journal of Human Resources , vol.46 , Issue.1 , pp. 53-92
    • Pope, D.G.1    Sydnor, J.R.2
  • 61
    • 0032331809 scopus 로고    scopus 로고
    • Social capital: Its origins and applications in modern sociology
    • A. Portes Social capital: its origins and applications in modern sociology Annual Review of Sociology 24 1998 1 24
    • (1998) Annual Review of Sociology , vol.24 , pp. 1-24
    • Portes, A.1
  • 62
    • 0034009792 scopus 로고    scopus 로고
    • The Heckman correction for sample selection and its critique
    • P. Puhani The Heckman correction for sample selection and its critique Journal of Economic Surveys 14 1 2000 53 68
    • (2000) Journal of Economic Surveys , vol.14 , Issue.1 , pp. 53-68
    • Puhani, P.1
  • 64
    • 0003358840 scopus 로고
    • Bowling alone: America's declining social capital
    • R.D. Putnam Bowling alone: America's declining social capital Journal of Democracy 6 1 1995 65 78
    • (1995) Journal of Democracy , vol.6 , Issue.1 , pp. 65-78
    • Putnam, R.D.1
  • 67
    • 84886081845 scopus 로고    scopus 로고
    • The effects of usury laws: Evidence from the online loan market
    • O. Rigbi The effects of usury laws: evidence from the online loan market Review of Economics and Statistics 95 4 2013 1238 1248
    • (2013) Review of Economics and Statistics , vol.95 , Issue.4 , pp. 1238-1248
    • Rigbi, O.1
  • 69
    • 0000844608 scopus 로고    scopus 로고
    • Can we trust social capital?
    • J. Sobel Can we trust social capital? Journal of Economic Literature 40 1 2002 139 154
    • (2002) Journal of Economic Literature , vol.40 , Issue.1 , pp. 139-154
    • Sobel, J.1
  • 72
    • 0000342340 scopus 로고
    • Credit rationing in markets with imperfect information
    • J.E. Stiglitz, and A. Weiss Credit rationing in markets with imperfect information The American Economic Review 71 3 1981 393 410
    • (1981) The American Economic Review , vol.71 , Issue.3 , pp. 393-410
    • Stiglitz, J.E.1    Weiss, A.2
  • 73
    • 0025662698 scopus 로고
    • Peer monitoring and credit markets
    • J.E. Stiglitz Peer monitoring and credit markets The World Bank Economic Review 4 3 1990 351 366
    • (1990) The World Bank Economic Review , vol.4 , Issue.3 , pp. 351-366
    • Stiglitz, J.E.1
  • 75
    • 0002237355 scopus 로고    scopus 로고
    • A theory of collective reputations (with applications to the persistence of corruption and to firm quality)
    • J. Tirole A theory of collective reputations (with applications to the persistence of corruption and to firm quality) The Review of Economic Studies 63 1 1996 1 22
    • (1996) The Review of Economic Studies , vol.63 , Issue.1 , pp. 1-22
    • Tirole, J.1
  • 76
    • 0001454891 scopus 로고
    • The demand for deductibles in private health insurance: A probit model with sample selection
    • W.P. Van de Ven, and B.M. Van Praag The demand for deductibles in private health insurance: a probit model with sample selection Journal of Econometrics 17 2 1981 229 252
    • (1981) Journal of Econometrics , vol.17 , Issue.2 , pp. 229-252
    • Van De Ven, W.P.1    Van Praag, B.M.2
  • 77
    • 24144482419 scopus 로고    scopus 로고
    • Why should i share? Examining social capital and knowledge contribution in electronic networks of practice
    • M.M. Wasko, and S. Faraj Why should I share? Examining social capital and knowledge contribution in electronic networks of practice MIS Quarterly 29 1 2005 35 57
    • (2005) MIS Quarterly , vol.29 , Issue.1 , pp. 35-57
    • Wasko, M.M.1    Faraj, S.2
  • 78
    • 85046908893 scopus 로고    scopus 로고
    • Does the Internet increase, decrease, or supplement social capital? Social networks, participation, and community commitment
    • B. Wellman, A.Q. Haase, J. Witte, and K. Hampton Does the Internet increase, decrease, or supplement social capital? Social networks, participation, and community commitment American Behavioral Scientist 45 3 2001 436 455
    • (2001) American Behavioral Scientist , vol.45 , Issue.3 , pp. 436-455
    • Wellman, B.1    Haase, A.Q.2    Witte, J.3    Hampton, K.4
  • 79
    • 78650657874 scopus 로고    scopus 로고
    • Institutional perspectives on entrepreneurial behavior in challenging environments
    • F. Welter, and D. Smallbone Institutional perspectives on entrepreneurial behavior in challenging environments Journal of Small Business Management 49 1 2011 107 125
    • (2011) Journal of Small Business Management , vol.49 , Issue.1 , pp. 107-125
    • Welter, F.1    Smallbone, D.2
  • 80
    • 0042994056 scopus 로고    scopus 로고
    • Effects of positive reputation systems
    • J.M. Whitmeyer Effects of positive reputation systems Social Science Research 29 2 2000 188 207
    • (2000) Social Science Research , vol.29 , Issue.2 , pp. 188-207
    • Whitmeyer, J.M.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.