The Role of Online Peer-to-Peer Lending in Crisis Response: Evidence from Kiva

Yang, Lusi and Wang, Zhiyi and Ding, Yi and Hahn, Jungpil (2016) The Role of Online Peer-to-Peer Lending in Crisis Response: Evidence from Kiva. International Conference On Information (ICIS).

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Abstract

Online peer-to-peer (P2P) lending, a new form of microfinance, has been touted as to its prominent potential for reducing world poverty. Although a growing body of IS research has been devoted to examining online P2P lending, how such platforms actually make a difference in curbing poverty has yet to be fully explored. The Ebola outbreak of 2014 provides us a unique empirical opportunity to explore such broader impacts of online P2P lending. Leveraging this event as a natural experiment, we investigate how the demand and supply sides of P2P lending platforms react to an unpredictable crisis. Employing a difference-in-difference identification strategy with data from Kiva.org, we conduct country- and loan-level estimations. Preliminary results show upward trends on both demand and supply sides of P2P lending; borrowers request more financial capital and lenders are more active in their lending behaviors in the post-crisis period. We extend online P2P lending literature by investigating the influences of “off-platform” shocks on within-platform behaviors.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
T Technology > T Technology (General)
Z Bibliography. Library Science. Information Resources > ZA Information resources
Divisions: Faculty of Industrial Engineering and Informatics > Information System
Depositing User: staff repository 3
Date Deposited: 06 Aug 2018 15:11
Last Modified: 06 Aug 2018 15:11
URI: http://repository.ittelkom-pwt.ac.id/id/eprint/2224

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