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The Future of Peer-to-Peer Finance

Author

Listed:
  • Sebastian C. Moenninghoff

    (WHU — Otto Beisheim, School of Management)

  • Axel Wieandt

    (WHU — Otto Beisheim School of Management)

Abstract

Zusammenfassung Peer-to-Peer Finance erfährt aufgrund seines innovativen Konzepts, seiner Desintermediation traditioneller Finanzintermediärsfunktionen sowie seines starken Wachstums zunehmende Beachtung. Treiber hierfür sind das Internet, laufende Innovation durch Start-ups und eine stärkere Regulierung traditioneller Banken. Dass die finanziellen Risiken dabei von den Teilnehmern getragen werden, bringt die Frage nach Auswirkungen dieser Risikoinkaufnahme auf Wirtschaftswachstum, -stabilität und erforderlicher Regulierung mit sich. Ist diese Risikoinkaufnahme nicht wünschenswert, benötigt Peer-to-Peer Finance einen Risikomanagement-Mechanismus. Dieser ist bereits in Form eines zunehmenden Engagements institutioneller Investoren erkennbar und würde Peer-to-Peer Plattformen zu Institution-to-Peer Plattformen transformieren.

Suggested Citation

  • Sebastian C. Moenninghoff & Axel Wieandt, 2013. "The Future of Peer-to-Peer Finance," Schmalenbach Journal of Business Research, Springer, vol. 65(5), pages 466-487, September.
    • Handle: RePEc:spr:sjobre:v:65:y:2013:i:5:d:10.1007_bf03372882
    DOI: 10.1007/BF03372882
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    References listed on IDEAS

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    Cited by:

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    More about this item

    Keywords

    G21; G28;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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