When Online Lending Meets Real Estate: Examining Investment Decisions in Lending-Based Real Estate Crowdfunding
Published Online:12 Jun 2020https://doi.org/10.1287/isre.2019.0909
References
- (2006) Large sample properties of matching estimators for average treatment effects. Econometrica 74(1):235–267.Crossref, Google Scholar
- (2003) Buying, bidding, playing, or competing? Value assessment and decision dynamics in online auctions. J. Consumer Psych. 13(1–2):113–123.Crossref, Google Scholar
- (2011) An empirical examination of the antecedents of contribution patterns in crowdfunded markets. Internat. Conf. Inform. Systems 1:559–575.Google Scholar
- (2013) An empirical examination of the antecedents and consequences of contribution patterns in crowd-funded markets. Inform. Systems Res. 24(3):499–519.Link, Google Scholar
- (2016) Secret admirers: An empirical examination of information hiding and contribution dynamics in online crowdfunding. Inform. Systems Res. 27(3):478–496.Link, Google Scholar
- (2018) The role of provision points in online crowdfunding. J. Management Inform. Systems 35(1):117–144.Google Scholar
- (2016) Do local capital market conditions affect consumers’ borrowing decisions? Management Sci. 63(12):4175–4187.Link, Google Scholar
- (1973) Controlling bias in observational studies: A review. Sankhya Ser. A. 35(4):417–446.Google Scholar
- (1972) Regression models and life-tables. J. Roy. Statist. Soc. Ser. B. 34(2):187–220.Crossref, Google Scholar
- (2018) Real estate crowdfunding is changing the borrowing landscape. Accessed September 20, 2019, https://housingjv.com/real-estate-crowdfunding-is-changing-the-borrowing-landscape/.Google Scholar
- (2012) Trust and credit: The role of appearance in peer-to-peer lending. Rev. Financial Stud. 25(8):2455–2484.Crossref, Google Scholar
- (2018) Chinese government faces peer-to-peer lending scandals dilemma. Accessed March 9, 2019, https://www.ft.com/content/c71eea4a-c198-11e8-84cd-9e601db069b8.Google Scholar
- (2012) Entropy balancing for causal effects: A multivariate reweighting method to produce balanced samples in observational studies. Political Anal. 20(1):25–46.Crossref, Google Scholar
- (2011) Tell me a good story and I may lend you money: The role of narratives in peer-to-peer lending decisions. J. Marketing Res. 48:S138–S149.Google Scholar
- (2019) Building the momentum: The role of operational and information services in crowdfunding. Working paper, George Washington University, Washington, DC.Google Scholar
- (2017) Pricing shares in equity crowdfunding. Small Bus. Econom. 48(4):795–811.Crossref, Google Scholar
- (1986) Survival models for heterogeneous populations derived from stable distributions. Biometrika 73(2):387–396.Crossref, Google Scholar
- (2019) China’s online p2p lending industry is undergoing a massive shake out. Accessed March 12, 2019, https://technode.com/2019/02/21/chinas-online-p2p-lending-industry-is-undergoing-of-a-massive-shake-out/.Google Scholar
- (2018) Investor platform choice: Herding, platform attributes, and regulations. J. Management Inform. Systems 35(1):86–116.Crossref, Google Scholar
- (2015) Turnover or turnaway? Competing risks analysis of male and female IT professionals’ job mobility and relative pay gap. Inform. Systems Res. 26(1):145–164.Link, Google Scholar
- (2019) Crowdfunding and the democratization of access to capital—an illusion? Evidence from housing prices. Inform. Systems Res. 30(1):276–290.Link, Google Scholar
- (2018) Crowdfunding creative ideas: The dynamics of project backers. Cumming D, Hornuf L, eds. The Economics of Crowdfunding: Startups, Portals and Investor Behavior (Palgrave Macmillan, Cham, Switzerland), 151–182.Crossref, Google Scholar
- (2017) Analysis of the impact of collateral on peer-to-peer lending. 2017 IEEE/SICE Internat. Sympos. System Integration (SII) (IEEE, Taipei, Taiwan), 77–82.Google Scholar
- (2020) Coordination and dynamic promotion in crowdfunding. Production Oper. Management, ePub ahead of print January 10, https://doi.org/10.1111/poms.13150.Google Scholar
- (2016) Home bias in online investments: An empirical study of an online crowdfunding market. Management Sci. 62(5):1393–1414.Link, Google Scholar
- (2019) China p2p lending crackdown may see 70% of firms close. Accessed March 9, 2019, https://www.bloomberg.com/news/articles/2019-01-02/china-s-online-lending-crackdown-may-see-70-of-businesses-close.Google Scholar
- Massolution (2015) 2015CF the crowdfunding industry report. Accessed March 9, 2019, http://crowdexpert.com/crowdfunding-industry-statistics/.Google Scholar
- (2009) From association to causation via a potential outcomes approach. Inform. Systems Res. 20(2):295–313.Link, Google Scholar
- P2PMarketData (2019) The ultimate guide to real estate crowdfunding with examples. Accessed September 19, 2019, https://p2pmarketdata.com/real estate-crowdfunding-guide/.Google Scholar
- (2019) Borrowing with peer-to-peer loans: How it works. Accessed September 20, 2019, https://www.thebalance.com/how-peer-to-peer-loans-work-315730.Google Scholar
- (2015) Technical debt and the reliability of enterprise software systems: A competing risks analysis. Management Sci. 62(5):1487–1510.Link, Google Scholar
- (2013) The impact of house prices on consumer credit: Evidence from an Internet bank. J. Money Credit Bank 45(6):1085–1115.Crossref, Google Scholar
- (2019) Creation and consumption of mobile word of mouth: How are mobile reviews different? Marketing Sci.38(5):773–792.Google Scholar
- (2002) Observational Studies (Springer, New York).Crossref, Google Scholar
- (1983) The central role of the propensity score in observational studies for causal effects. Biometrika 70(1):41–55.Crossref, Google Scholar
- (1973) The use of matched sampling and regression adjustment to remove bias in observational studies. Biometrics 29(1):185–203.Crossref, Google Scholar
- (2001) Using propensity scores to help design observational studies: Application to the tobacco litigation. Health Services Outcomes Res. Methodology 2(3–4):169–188.Crossref, Google Scholar
- (2000) Combining propensity score matching with additional adjustments for prognostic covariates. J. Amer. Statist. Assoc. 95(450):573–585.Crossref, Google Scholar
- (2017) Do principles pay in real estate crowdfunding? J. Portfolio Management 43(6):120–137.Crossref, Google Scholar
- (2018) P2P default forecasts are rising, but should investors worry? Accessed March 9, 2019, https://www.p2pfinancenews.co.uk/2018/02/22/p2p-default-forecasts-rising/.Google Scholar
- (2017) Maintaining beliefs in the face of negative news: The moderating role of experience. Management Sci. 64(2):804–824.Link, Google Scholar
- (2010) Matching methods for causal inference: A review and a look forward. Stat Sci. 25(1):1–21.Google Scholar
- (1979) The impact of heterogeneity in individual frailty on the dynamics of mortality. Demography 16(3):439–454.Crossref, Google Scholar
- (2019) Survey: Credit might be harder to get as some banks tighten certain lending standards. Accessed March 12, 2019, https://www.creditkarma.com/insights/i/some-banks-signal-tighten-lending-standards/.Google Scholar
- ZeusLending.com (2016) Seven secrets to success in real estate crowdfunding. Accessed December 12, 2018, https://www.askzeus.com/zeuscrowdfunding/wp-content/uploads/sites/2/2016/12/Seven_Secrets_to_Success.pdf.Google Scholar
- (2012) Rational herding in microloan markets. Management Sci. 58(5):892–912.Link, Google Scholar

