全球智库信息集成服务系统(G2TT): Fintech Borrowers: Lax-Screening or Cream-Skimming?

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w28021
来源ID	Working Paper 28021
	Fintech Borrowers: Lax-Screening or Cream-Skimming?
	Marco Di Maggio; Vincent Yao
发表日期	2020-11-02
出版年	2020
语种	英语
摘要	We study the personal credit market using unique individual-level data covering fintech and traditional lenders. We show that fintech lenders acquire market share by first lending to higher-risk borrowers and then to safer borrowers, and mainly rely on hard information to make credit decisions. Fintech borrowers are significantly more likely to default than neighbor individuals with the same characteristics borrowing from traditional financial institutions. Furthermore, they tend to experience only a short- lived reduction in the cost of credit, because their indebtedness increases more than non-fintech borrowers a few months after loan origination. However, fintech lenders' pricing strategies are likely to take this into account.
主题	Financial Economics ; Financial Institutions ; Behavioral Finance
URL	https://www.nber.org/papers/w28021
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/585694
推荐引用方式 GB/T 7714	Marco Di Maggio,Vincent Yao. Fintech Borrowers: Lax-Screening or Cream-Skimming?. 2020.