How Does Online Lending Influence Bankruptcy Filings?

References

• Allen J, Damar H, Martinez-Miera D (2016) Consumer bankruptcy, bank mergers, and information. Rev. Finance 20(4):1289–1320.Crossref, Google Scholar
• Alyakoob M, Rahman M, Wei Z (2021) Where you live matters: The impact of local financial market competition on banks’ response to peer-to-peer lending. Preprint, submitted March 4, https://dx.doi.org/10.2139/ssrn.2985099.Google Scholar
• Atanasov V, Black B (2021) The trouble with instruments: The need for pretreatment balance in shock-based instrumental variable designs. Management Sci. 67(2):1270–1302.Link, Google Scholar
• Autor D (2003) Outsourcing at will: The contribution of unjust dismissal doctrine to the growth of employment outsourcing. J. Labor Econom. 21(1):1–42.Crossref, Google Scholar
• Bertrand M, Duflo E, Mullainathan S (2004) How much should we trust differences-in-differences estimates? Quart. J. Econom. 119(1):249–275.Crossref, Google Scholar
• Buchak G, Matvos G, Piskorski T, Seru A (2018) Fintech, regulatory arbitrage, and the rise of shadow banks. J. Financial Econom. 130(3):453–483.Crossref, Google Scholar
• Burtch G, Chan J (2019) Investigating the relationship between medical crowdfunding and personal bankruptcy in the United States: Evidence of a digital divide. MIS Quart. 43(1):237–262.Crossref, Google Scholar
• Burtch G, Carnahan S, Greenwood B (2018) Can you gig it? An empirical examination of the gig-economy and entrepreneurial activity. Management Sci. 64(12):5497–5520.Link, Google Scholar
• Burtch G, Ghose A, Wattal S (2014) Cultural differences and geography as determinants of online prosocial lending. MIS Quart. 38(3):773–794.Crossref, Google Scholar
• Butler A, Cornaggia J, Gurun U (2017) Do local capital market conditions affect consumers’ borrowing decisions? Management Sci. 63(12):4175–4187.Link, Google Scholar
• Chan J, Ghose A (2014) Internet’s dirty secret: Assessing the impact of online intermediaries on HIV transmission. MIS Quart. 38(4):955–975.Crossref, Google Scholar
• Chava S, Ganduri R, Paradkar N, Zhang Y (2021) Impact of marketplace lending on consumers' future borrowing capacities and borrowing outcomes. Preprint, submitted February 27, https://dx.doi.org/10.2139/ssrn.3178322.Google Scholar
• Cornaggia J, Wolfe B, Yoo W (2019) Crowding out banks: Credit substitution by peer-to-peer lending. Preprint, submitted September 4, https://dx.doi.org/10.2139/ssrn.3000593.Google Scholar
• Dawsey A, Hynes R, Ausubel L (2013) Non-judicial debt collection and the consumer’s choice among repayment, bankruptcy and informal bankruptcy. Amer. Bankruptcy Law J. 87(1):1–26.Google Scholar
• Dick A, Lehnert A (2010) Personal bankruptcy and credit market competition. J. Finance 65(2):655–686.Crossref, Google Scholar
• Du N, Li L, Lu T, Lu X (2020) Prosocial compliance in P2P lending: A natural field experiment. Management Sci. 66(1):315–333.Link, Google Scholar
• Duarte J, Siegel S, Young L (2012) Trust and credit: The role of appearance in peer-to-peer lending. Rev. Financial Stud. 25(8):2455–2484.Crossref, Google Scholar
• Galak J, Small D, Stephen A (2011) Microfinance decision making a field study of prosocial lending. J. Marketing Res. 48:S130–S137.Crossref, Google Scholar
• Greenberg J, Mollick E (2017) Activist choice homophily and the crowdfunding of female founders. Admin. Sci. Quart. 62(2):341–374.Crossref, Google Scholar
• Greenwood B, Agarwal R (2016) Matching platforms and HIV incidence: An empirical investigation of race, gender, and socioeconomic status. Management Sci. 62(8):2281–2303.Link, Google Scholar
• Greenwood B, Wattal S (2017) Show me the way to go home: An empirical investigation of ride sharing and alcohol related motor vehicle homicide. MIS Quart. 41(1):163–187.Crossref, Google Scholar
• Harkness S (2016) Discrimination in lending markets: Status and the intersections of gender and race. Soc. Psych. Quart. 79(1):81–93.Crossref, Google Scholar
• Hildebrand T, Puri M, Rocholl J (2017) Adverse incentives in crowdfunding. Management Sci. 63(3):587–608.Link, Google Scholar
• Himmelstein D, Warren E, Thorne D, Woolhandler S (2005) Illness and injury as contributions to bankruptcy. Health Affairs 24:63–73.Google Scholar
• Hong Y, Hu Y, Burtch G (2018) Embeddedness, prosociality, and social influence: Evidence from online crowdfunding. MIS Quart. 42(4):1211–1224.Crossref, Google Scholar
• Hynes R (2012) Payday lending, bankruptcy, and insolvency. Washington Lee Law Rev. 69(2):607–648.Google Scholar
• Iacus S, King G, Porro G (2012) Causal inference without balance checking: Coarsened exact matching. Polit. Anal. 20(1):1–24.Crossref, Google Scholar
• Iyer R, Khwaja A, Luttmer E, Shue K (2016) Screening peers softly: Inferring the quality of small borrowers. Management Sci. 62(6):1554–1577.Link, Google Scholar
• Jagtiani J, Lemieux C (2019) The roles of alternative data and machine learning in fintech lending: Evidence from the LendingClub consumer platform. Federal Reserve Bank of Philadelphia Working Paper WP 18-15, Federal Reserve Bank of Philadelphia, Philadelphia.Google Scholar
• Kim K, Hann I (2018) Crowdfunding and the democratization of access to capital—An illusion? Evidence from housing prices. Inform. Systems Res. 30(1):276–290.Link, Google Scholar
• Lefgren L, Mclntyre F (2009) Explaining the puzzle of cross-state differences in bankruptcy rates. J. Law Econom. 52(2):367–393.Crossref, Google Scholar
• Li J, Netessine S (2019) Higher market thickness reduces matching rate in online platforms: Evidence from a quasiexperiment. Management Sci. 66(1):271–289.Link, Google Scholar
• Lin M, Viswanathan S (2016) Home bias in online investments: An empirical study of an online crowdfunding market. Management Sci. 62(5):1393–1414.Link, Google Scholar
• Lin M, Prahala N, Viswanathan S (2013) Judging borrowers by the company they keep: Friendship networks and information asymmetry in online peer-to-peer lending. Management Sci. 59(1):17–35.Link, Google Scholar
• Lin M, Sias R, Wei Z (2020) Experts vs. non-experts in online crowdfunding markets. Preprint, submitted December 26, https://dx.doi.org/10.2139/ssrn.3185608.Google Scholar
• Livshits I, Macgee J, Tertilt M (2016) The democratization of credit and the rise in consumer bankruptcies. Rev. Econom. Stud. 83(4):1673–1710.Crossref, Google Scholar
• Mollick E, Nanda R (2016) Wisdom or madness? Comparing crowds with expert evaluation in funding the arts. Management Sci. 62(6):1533–1553.Link, Google Scholar
• Mollick E, Robb A (2016) Democratizing innovation and capital access: The role of crowdfunding. Californina Management Rev. 58(2):72–87.Crossref, Google Scholar
• Morgan D, Strain M, Seblani I (2012) How payday credit access affects overdrafts and other outcomes. J. Money Credit Banking 44(2-3):519–531.Crossref, Google Scholar
• Morse A (2015) Peer-to-peer crowdfunding: Information and the potential for disruption in consumer lending. Annual Rev. Financial Econom. 7:463–482.Crossref, Google Scholar
• Pope D, Sydnor J (2011) What’s in a picture? Evidence of discrimination from Prosper.com. J. Hum. Resources 46(1):53–92.Crossref, Google Scholar
• Seamans R, Zhu F (2014) Responses to entry in multi-sided markets: The impact of Craigslist on local newspapers. Management Sci. 60(2):476–493.Link, Google Scholar
• Seiler S, Yao S, Wang W (2017) Does online word of mouth increase demand? (And how?) Evidence from a natural experiment. Marketing Sci. 36(6):838–861.Link, Google Scholar
• Wei Z, Lin M (2017) Market mechanisms in online peer-to-peer lending. Management Sci. 63(12):4236–4257.Link, Google Scholar
• White M (2007) Bankruptcy reform and credit cards. J. Econom. Perspect. 21(4):175–199.Crossref, Google Scholar
• White M (2009) Bankruptcy: Past puzzles, recent reforms, and the mortgage crisis. Amer. Law Econom. Rev. 11(1):1–23.Crossref, Google Scholar
• Younkin P, Kuppuswamy V (2018) The colorblind crowd? Founder race and performance in crowdfunding. Management Sci. 64(7):3269–3287.Link, Google Scholar
• Zhang J, Liu P (2012) Rational herding in microloan markets. Management Sci. 58(5):892–912.Link, Google Scholar
• Zhu N (2011) Household consumption and personal bankruptcy. J. Legal Stud. 40(1):1–37.Crossref, Google Scholar