MSMEs meet FinTech: Chance or challenge?

Jianwen Li

Finance Research Letters, 2023, vol. 57, issue C

Abstract: This paper studies the impact of micro-, small- and medium-sized enterprises (MSMEs) status in marketplace lending. Using data from one of the most prominent Chinese online lending marketplaces, we find that MSMEs borrowers are less likely to obtain loans and usually set lower interest rates, larger loan amounts, and shorter loan maturity. We also find that MSMEs borrowers tend to miss their repayments and attract lower bid ratios from lenders. Taken together, our results reveal that online marketplace lending is a chance for MSMEs to obtain funding, but its inclusion is limited.

Keywords: MSMEs; FinTech; Online marketplace lending (search for similar items in EconPapers)
JEL-codes: G21 G23 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:57:y:2023:i:c:s1544612323006505

DOI: 10.1016/j.frl.2023.104278

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