Advanced search
Publication Cover
Applied Economics Letters Volume 24, 2017 - Issue 19
Submit an article Journal homepage
511
Views
14
CrossRef citations to date
0
Altmetric
Original Articles

P2P Loans and bank loans, the chicken and the egg, what causes what?: further evidence from a bootstrap panel granger causality test

Zan ZhangSchool of Economics, Shanghai University, Shanghai, China
,
Ken HungDivision of International Business and Finance Studies, Texas A&M International University, Laredo, TX, USA
&
Tsangyao ChangDepartment of Finance, Feng Chia University, Taichung, TaiwanCorrespondence[email protected]
Pages 1358-1362 | Published online: 17 Jan 2017

References

  • Brietung, J. 2005. “A Parametric Approach To The Estimation Of Cointegration Vectors In Panel Data, Econometric Review.” 24: 151-173.
  • Brill, A. 2010. “Peer-To-Peer Lending: Innovative Access to Credit and the Consequences of Dodd-Frank[J].” Legal Backgrounder 25: 35.
  • Chaffee, E.C., and G.C Rapp. 2012. “Regulating Online Peer-to-peer Lending In The Aftermath Of Dodd-frank: In Search Of An Evolving Regulatory Regimes For An Evolving Industry, Wash.” & Lee L. Rev 69: 485.
  • Chang, T., C. C. Lee, K. Hung, and K. H. Lee. 2014. “Does Military Spending Really Matter for Economic Growth in China and G7 Countries: The Roles of Dependency and Heterogeneity.” Defence and Peace Economics 25 (2): 177–191. doi:10.1080/10242694.2013.763460.
  • Chang, T., and C.-F. Tsai. 2015. “Globalization and Inflation Nexus: Further Evidence Based on Bootstrap Panel Causality”.” Quality & Quantity, 49 (2): 867–877. doi:10.1007/s11135-014-0030-y.
  • Emekter, R., Y. Tu, B. Jirasakuldech, and M. Lu. 2015. “Evaluating Credit Risk and Loan Performance in Online Peer-To-Peer (P2P) Lending[J].” Applied Economics 47 (1): 54–70. doi:10.1080/00036846.2014.962222.
  • Freedom, S. M, and G.Z Jin. 2014. The signaling value of online social networks: lessons from Peer-to -Peer Lending, NBER working paper, No. 19820, NBER, Cambridge, MA
  • Granger, C. W. J. 2003. “Some Aspects of Causal Relationships.” Journal of Econometrics 112: 69–71. doi:10.1016/S0304-4076(02)00148-3.
  • Guo, Y., W. Zhou, and C. Luo. 2016. “Instance-based credit risk assessment for investment decisions in P2P lending.” European Journal of Operation Research, 249(2),417–426.
  • Herzenstein, M., R. L. Andrews, U. M. Dholakia, and E. Lyandres. 2008. The Democratization of Personal Consumer Loans? Determinants of Success in Online Peer-to-Peer Lending Communities, Boston University School of Management Research Paper, 14(6)
  • Iyer, R., A. I. Khwaja, and E. F. P. Luttmer. 2009. Screening in New Credit Markets: Can Individual Lenders Infer Borrower Creditworthiness in Peer-To-Peer Lending?[C]//Afa 2011. Denver meetings paper.
  • Lee, E., and B. Lee. 2012. Herding behaviour in Online P2P lending: an empirical investigation, Electronic Commerce Research and Applications 11(5): 495–503.
  • Lin, M., N. R. Prabhala, and S. Viswanathan. 2013. “Judging Borrowers by the Company They Keep: Friendship Networks and Information Asymmetry in Online Peer-To-Peer Lending[J].” Management Science 59 (1): 17–35. doi:10.1287/mnsc.1120.1560.
  • Pan, C.-I., T. Chang, and Y. Wolde-Rufael. 2015. “Military Spending and Economic Growth in the Middle East Countries: Bootstrap Panel Causality Test.” Defence and Peace Economics 26 (4): 443–456. doi:10.1080/10242694.2014.891356.
  • Pesaran, M. H., and T. Yamagata. 2008. “Testing Slope Homogeneity in Large Panels.” Journal of Econometrics 142: 50–93. doi:10.1016/j.jeconom.2007.05.010.
  • Verstein, A. 2011. “The Misregulation Of Person-to-person Lending, Us Davis Law Review.” 45: 2. doi:10.2139/ssrn.1823763.
  • Zhong, M., T. Chang, D. P. Tang, and Y. Wolde-Rufael. 2015. “The Causal Nexus between Military Spending and Unemployment in the G7: A Bootstrap Panel Causality Test.” Defence and Peace Economics 26 (6): 609–622. doi:10.1080/10242694.2014.994835.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.