Bridging the credit gap: The influence of regional bank structure on the expansion of peer-to-peer lending

IF 5.5 3区管理学 Q1 BUSINESS, FINANCE

British Accounting Review Pub Date : 2024-08-02 DOI:10.1016/j.bar.2024.101448

引用次数: 0

Abstract

This paper investigates the extent to which the regional credit market structures, characterized by the presence and lending capacity of traditional banks, shape the growth of online lending marketplaces using peer-to-peer (P2P) lending data. Using an instrumental variables (IV) approach, our study suggests that areas underserved by traditional banks witness more significant growth in P2P lending. This impact is more pronounced in regions with a lower presence of small bank outreach. Furthermore, we find that an increase in P2P lending is associated with a reduced risk of borrower default. Our findings also show that the expansion of online lending marketplaces positively impacts borrowers’ financial well-being by improving their credit scores.

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缩小信贷差距：地区银行结构对扩大点对点借贷的影响

本文利用点对点（P2P）借贷数据，研究了以传统银行的存在和借贷能力为特征的地区信贷市场结构在多大程度上影响了在线借贷市场的发展。利用工具变量（IV）方法，我们的研究表明，传统银行服务不足的地区见证了 P2P 借贷更显著的增长。这种影响在小型银行较少的地区更为明显。此外，我们还发现，P2P 借贷的增加与借款人违约风险的降低有关。我们的研究结果还表明，网络借贷市场的扩张通过提高借款人的信用评分，对其财务状况产生了积极影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

British Accounting Review BUSINESS, FINANCE-

CiteScore

8.60

自引率

3.90%

发文量

审稿时长

76 days

期刊介绍： The British Accounting Review*is pleased to publish original scholarly papers across the whole spectrum of accounting and finance. The journal is eclectic and pluralistic and contributions are welcomed across a wide range of research methodologies (e.g. analytical, archival, experimental, survey and qualitative case methods) and topics (e.g. financial accounting, management accounting, finance and financial management, auditing, public sector accounting, social and environmental accounting; accounting education and accounting history), evidence from UK and non-UK sources are equally acceptable.