Influence of nonspecific factors on the interest rate of online peer-to-peer microloans in China

Jianfeng Guo, Xiaojie Liu, Changnan Cui and Fu Gu

Finance Research Letters, 2021, vol. 41, issue C

Abstract: This work explores the influence of nonspecific factors, including internal parameters such as term, volume, and participants, and external ones such as risk-free interest rates, private lending interest rates, and online attention, on the average interest rate of peer-to-peer (P2P) microloans in China. Empirical findings reveal that with a positive coefficient, the private lending interest rate is the most significant influencing factor. China's P2P market was changed on June 15, 2018; the effect of the private lending interest rate turned insignificant, and the negative coefficient of the loan term, short-term risk-free interest rate, and online attention became positive.

Keywords: Attention; Interest rate; Microloan; Online peer-to-peer lending; Private lending (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:41:y:2021:i:c:s1544612320316536

DOI: 10.1016/j.frl.2020.101839

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