What does not kill us makes us stronger: the story of repetitive consumer loan applications
What does not kill us makes us stronger: the story of repetitive consumer loan applications
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DOI：
10.1080/1351847x.2020.1793792
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发表时间：
2020-07
期刊：
影响因子：
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通讯作者：
M. Çaglayan;Oleksandr Talavera;L. Xiong;Jing Zhang
中科院分区：
文献类型：
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作者：
M. Çaglayan;Oleksandr Talavera;L. Xiong;Jing Zhang
当借款人经历了一系列失败的贷款申请时，我们调查借款人和贷款人的行为。我们的分析基于2010年至2018年中国一家成熟的P2P贷款平台的50万次观察。我们发现，那些信用评分更好、愿意支付更高利率的借款人，在经历了早期的失败尝试后，可能会重新申请资金。然而，与男性或教育程度较低的申请人相比，女性和教育程度较高的申请人不太愿意再次申请。在资金供应方面，贷款人努力为具有高信用评级和高收入的安全借款人提供资金，但不是那些提供高利率的借款人。
We investigate borrower and lender behaviours when the borrower has experienced a sequence of failed loan applications. Our analysis is based on half a million observations from an established peer-to-peer (P2P) loan platform in China from 2010 to 2018. We find that borrowers who have better credit scores and who accept to pay higher interest rates are likely to reapply for funds after experiencing an earlier failed attempt. However, women and applicants with more education are discouraged from re-applying compared to their male or less-educated counterparts, respectively. On the funding supply side, lenders strive to fund safe borrowers who have high credit ratings and high income, though not those who offer a high interest rate.