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Does peer-to-peer crowdfunding boost refugee entrepreneurs?

Author

Listed:
  • Emanuel-Correia, Ricardo
  • Duarte, Fábio
  • Gama, Ana Paula Matias
  • Augusto, Mário

Abstract

To provide new insights into the determinants of fundraising success for loans requested by refugees on a prosocial peer-to-peer (P2P) platform, this study investigates more than 180,000 business loan campaigns during 2015–2018. The leading online P2P platform offers access to financing for refugee entrepreneurs in developing countries, and the benefits are especially strong for refugees with prior borrowing experience. However, the results also reveal discrimination against female refugee entrepreneurs, compared with their non-refugee counterparts, in this P2P prosocial context. This gap should be addressed by scholars and policymakers determined to reach excluded and niche groups, including women and refugees.

Suggested Citation

  • Emanuel-Correia, Ricardo & Duarte, Fábio & Gama, Ana Paula Matias & Augusto, Mário, 2022. "Does peer-to-peer crowdfunding boost refugee entrepreneurs?," Finance Research Letters, Elsevier, vol. 46(PA).
    • Handle: RePEc:eee:finlet:v:46:y:2022:i:pa:s1544612321003068
    DOI: 10.1016/j.frl.2021.102264
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    More about this item

    Keywords

    Online peer-to-peer lending; Refugees; Asymmetric information; Contextual signaling; Crowdfunding;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other
    • J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination

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