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Applied Economics Letters Volume 29, 2022 - Issue 18
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Research Article

Can policy intervention induce a flight to quality: an analysis of the closing of the Chinese P2P market

Lizheng Maa East China Normal University, Shanghai, ChinaView further author information
,
Miao Lib Shanghai Institute of Tourism, Shanghai, ChinaCorrespondence[email protected]
View further author information
&
Fei Xiac Institute of Finance and Economics, Shanghai University of Finance and Economics, Shanghai, ChinaView further author information
Pages 1726-1729 | Published online: 27 Jul 2021

References

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  • Herzenstein, M., S. Sonenshein, and U. M. Dholakia. 2011. “Tell Me a Good Story and I May Lend You Money: The Role of Narratives in Peer-to-peer Lending Decisions.” Journal of Marketing Research 48 (SPL): S138–49. doi:10.1509/jmkr.48.SPL.S138.
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  • 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.” Management Science 59 (1): 17–35. doi:10.1287/mnsc.1120.1560.
  • Lo, K. L., J. J. Mi, M. Yang, and S. Zhang. 2020. “Do Financial Regulations Have Impacts on Ownership Structure of P2P Firms?” Applied Economics Letters 27 (14): 1156–1159. doi:10.1080/13504851.2019.1675859.
  • Mi, J. J., and H. Zhu. 2017. “Can Funding Platforms’ Self-initiated Financial Innovation Improve Credit Availability? Evidence from China’s P2P Market.” Applied Economics Letters 24 (6): 396–398. doi:10.1080/13504851.2016.1197358.
  • Michels, J. 2012. “Do Unverifiable Disclosures Matter? Evidence from Peer-to-peer Lending.” The Accounting Review 87 (4): 1385–1413. doi:10.2308/accr-50159.
  • Tang, H. 2019. “Peer-to-Peer Lenders versus Banks: Substitutes or Complements?” The Review of Financial Studies 32 (5): 1900–1938. doi:10.1093/rfs/hhy137.
  • Vallee, B., and Y. Zeng. 2019. “Marketplace Lending: A New Banking Paradigm?” The Review of Financial Studies 32 (5): 1939–1982. doi:10.1093/rfs/hhy100.
  • Zhang, J., and P. Liu. 2012. “Rational Herding in Microloan Markets.” Management Science 58 (5): 892–912. doi:10.1287/mnsc.1110.1459.

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