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RYU Asei
Department Hiroshima shudo University The Faculty of Economic Sciences Position Professor |
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| Language | English |
| Publication Date | 2024/06 |
| Type | Articles |
| Peer Review | With peer review |
| Title | Peer-to-peer lending for individual and MSME finance: Evidence from an original survey in China |
| Contribution Type | Co-Authored Publication |
| Journal | International Review of Economics and Finance |
| Journal Type | Another Country |
| Publisher | Elsevier |
| Volume, Issue, Pages | Volume 93 Part A,pp.Pages 38-51 |
| Author and coauthor | Yajing Liu, Kenya Fujiwara, Toshiki Jinushi |
| Details | This study analyzes peer-to-peer (P2P) lending, a new financing tool for micro, small, and medium
enterprises (MSMEs) and individuals, in terms of its relationship with existing financing tools. We conducted a survey of P2P borrowers in China and analyzed the factors that influenced their preference for P2P loans. A key finding was that both business and individual borrowers having difficulties with traditional financing methods—such as the young and women, persons without collateral, and newly established firms—prefer P2P lending. Furthermore, individual borrowers are drawn by the preferential terms in the P2P loan contracts, while business borrowers are not. |