Abstract
Despite the booming FinTech industry, peer-to-peer (P2P) lending platforms continue to play an insignificant role. This study explores differences in time preferences and risk attitudes between P2P lenders and the general public (non-users). The findings indicated that P2P lenders are less risk-averse and have future preferences, indicating that this P2P platform is perceived as a risky instrument. Based on our findings, we recommend that companies reduce the hazard associated with investing with P2P platforms to attract more risk-averse investors or offer higher interest rates for riskier loans to attract investors who prefer higher risk.
| Original language | English |
|---|---|
| Pages (from-to) | 675-679 |
| Number of pages | 5 |
| Journal | Applied Economics Letters |
| Volume | 32 |
| Issue number | 5 |
| DOIs | |
| State | Published - 1 Jan 2025 |
| Externally published | Yes |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth
Keywords
- FinTech
- Finance technology
- P2P platform
- risk aversion
- time preference
ASJC Scopus subject areas
- Economics and Econometrics
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