Enchères, notation et fixation du taux d’intérêt par la foule. Le cas d’une plateforme de crowdlending

Éric Darmon, Nathalie Oriol and Alexandra Rufini

Revue française de gestion, 2018, vol. N° 273, issue 4, 159-177

Abstract: We analyze the determinants of the level of interest rates related to business loans traded on crowdlending platforms. We consider an original dataset based on loans from one leading platform in France. We show that the rating provided by the platform significantly influences the interest rates. While financial ratios traditionally used to estimate credit risk do not exhibit significant influence, the recent implementation of a robot-based decision making process seems to strengthen the rating?s influence on interest rates.

Date: 2018
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Working Paper: Enchères, notation et fixation du taux d’intérêt par la foule: Le cas d’une plateforme de crowdlending (2018)
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