IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/19941_9.html
   My bibliography  Save this book chapter

The evolution of P2P lending

In: Research Handbook on Alternative Finance

Author

Listed:
  • Jefferson Duarte
  • Stephan Siegel
  • Lance Young

Abstract

Peer-to-peer (P2P) lending emerged as an early innovation of the fintech revolution. As an online platform, it has served as a marketplace to allocate capital from a group of individual lenders to retail borrowers without a traditional intermediary, such as a bank. The initial promise of P2P lending was that it would “democratize” the capital market and that elimination of traditional intermediaries would reduce borrowing costs, increase the availability of credit to borrowers who previously had little access to credit, and provide new investment opportunities, in particular to retail investors. The online nature of P2P lending has provided academic researchers with rich and fascinating data that has stimulated a large, interdisciplinary literature around fundamental questions concerning borrowing and lending decisions as well as around the evolution of P2P lending as a new fintech product, both in the US and internationally. In this chapter, we survey this literature.

Suggested Citation

  • Jefferson Duarte & Stephan Siegel & Lance Young, 2024. "The evolution of P2P lending," Chapters, in: Franklin Allen & Meijun Qian (ed.), Research Handbook on Alternative Finance, chapter 9, pages 181-212, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:19941_9
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/doi/10.4337/9781800370494.00018
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:19941_9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.