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Herding behaviour in P2P lending markets
(14.11.2019)
BOFIT Discussion Papers 22/2019
BOFIT Discussion Papers 22/2019
We explore individual lender behaviour on Renrendai.com, a leading Chinese peer-to-peer (P2P) crowdlending platform. Using a sample of roughly 5 million investor-loan-hour observations and applying a high-dimension fixed ...