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Elektronische Kreditmarktplätze: Funktionsweise, Gestaltung und Erkenntnisstand bei dieser Form des „Peer-to-Peer Lending“


  • Sven Christian Berger

    (Goethe-Universität Frankfurt am Main, Professur für Electronic Commerce, Grüneburgplatz 1, D-60323 Frankfurt/M)

  • Bernd Skiera

    (Goethe-Universität Frankfurt am Main, Professur für Electronic Commerce, Grüneburgplatz 1, D-60323 Frankfurt/M)


Peer-to-peer lending represents a low-cost credit market. This is an important novelty because functions traditionally exercised by banks such as lot-size transformation are now exercised in a marketplace by customers themselves. The present article explains the functionality of such marketplaces and describes in what way the services needed by lenders and borrowers are rendered. Valuation criteria are applied to the functioning and the development potential of credit marketplaces which is followed by an overview over the state of research.

Suggested Citation

  • Sven Christian Berger & Bernd Skiera, 2012. "Elektronische Kreditmarktplätze: Funktionsweise, Gestaltung und Erkenntnisstand bei dieser Form des „Peer-to-Peer Lending“," Credit and Capital Markets, Credit and Capital Markets, vol. 45(3), pages 289-311.
  • Handle: RePEc:kuk:journl:v:3:y:2012:i:3:p:289-311

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    References listed on IDEAS

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    More about this item


    Kreditmarktplätze; Finanzintermediation; Peer-to-Peer Lending;

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing


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