DC Field | Value | Language |
---|---|---|
dc.contributor.advisor | Lee, Byung-Tae | - |
dc.contributor.advisor | 이병태 | - |
dc.contributor.author | Ho, Jae-Seong | - |
dc.contributor.author | 호재성 | - |
dc.date.accessioned | 2011-12-27T01:43:37Z | - |
dc.date.available | 2011-12-27T01:43:37Z | - |
dc.date.issued | 2010 | - |
dc.identifier.uri | http://library.kaist.ac.kr/search/detail/view.do?bibCtrlNo=454806&flag=dissertation | - |
dc.identifier.uri | http://hdl.handle.net/10203/52841 | - |
dc.description | 학위논문(석사) - 한국과학기술원 : 경영공학과, 2010.2, [ vi, 40 p. ] | - |
dc.description.abstract | The enhancement of information technology such as web 2.0 in recent years has led to the emergence of a new financial electronic marketplace, Peer-to-Peer (P2P) lending. Large traditional banks have focused on reducing adverse selection with sophisticated credit rationing by hardening the soft information. It inevitably results in a loss of information and leads to the adverse selection. In P2P lending, it is possible to reduce the problem of adverse selection and moral hazard by utilizing social capital. Many P2P lending sites are using group membership or friends network as a device for reducing moral hazard. And many ongoing studies are addressing it. It is a way of utilizing the social capital that already exist offline. In terms of scalability, it may not be appropriate. Without enlisting of quite a number of group members and friends, it is hard to benefit from it. We argue here that utilizing social capital built on the web through social interaction between a borrower and lenders may be effective to reduce adverse selection in terms of scalability. To address this question, we empirically examine the effect of social interaction with transaction data of Popfunding.com which is one of the biggest P2P lending platforms in Korea. Our results indicate that it is possible to reduce adverse selection and moral hazard by utilizing the social capital built through social interaction and accurate lending decision may lead to more efficient distribution of funds. | eng |
dc.language | eng | - |
dc.publisher | 한국과학기술원 | - |
dc.subject | Social interaction | - |
dc.subject | Adverse selection | - |
dc.subject | Social capital | - |
dc.subject | P2P lending | - |
dc.subject | Soft information | - |
dc.subject | 소프트 정보 | - |
dc.subject | 사회적 상호작용 | - |
dc.subject | 역선택 | - |
dc.subject | 사회적 자본 | - |
dc.subject | 온라인 개인간 대출 | - |
dc.title | (An) empirical study on the effect of creation and utilization of social capital on market transactions in online peer-to-peer lending | - |
dc.title.alternative | 사회적 자본의 형성과 활용이 온라인 개인간 대출 거래에 미치는 영향에 대한 실증 연구 | - |
dc.type | Thesis(Master) | - |
dc.identifier.CNRN | 454806/325007 | - |
dc.description.department | 한국과학기술원 : 경영공학과, | - |
dc.identifier.uid | 020083580 | - |
dc.contributor.localauthor | Lee, Byung-Tae | - |
dc.contributor.localauthor | 이병태 | - |
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