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A Comparative Study of online P2P Lending in the USA and China

Author

Listed:
  • Chen, Dongyu

    (Fuzhou University)

  • Han, Chaodong

    (Towson University)

Abstract

Peer-to-Peer (P2P) lending provides online users an innovative loaning and investment vehicle without the intermediation of financial institutions. However, the research on online P2P lending is still scarce. In this study we review relevant literature and conduct a comparative study of online P2P lending practices in the USA and China. We find that two categories of credit information, “hard” and “soft” information, may have profound influences on lending outcomes in both countries, but lenders in China is more reliable on “soft” information. This study provides valuable insights for future research and practices and enriches the understanding of online P2P lending across countries.

Suggested Citation

  • Chen, Dongyu & Han, Chaodong, 2012. "A Comparative Study of online P2P Lending in the USA and China," Journal of Internet Banking and Commerce, , vol. 17(2), pages 01-15, August.
    • Handle: RePEc:ris:joibac:0344
    as

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    More about this item

    Keywords

    Peer-to-Peer (P2P) Lending; Information Asymmetry; Social Lending; Social Network;
    All these keywords.

    JEL classification:

    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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