Can funding platforms' self-initiated financial innovation improve credit availability? Evidence from China's P2P market. Issue 6 (30th March 2017) - Mi, Jinhong Jackson
ABSTRACT: In this article, we used loan transaction data from a Chinese Peer-to-Peer (P2P) platform and employed a Difference-In-Differences (DID) approach to detect the effect of a self-initiated financial innovation introduced via P2P borrowing and lending. We found that the self-initiated financial innovation improved the availability of credit.