The DOI matches its Crossref record; 47 of the 47 references it cites were found in a registry or an index.
Do Unverifiable Disclosures Matter? Evidence from Peer-to-Peer Lending
Open accessAbstract
The role of disclosure in attenuating market inefficiencies has been the subject of extensive research. While costless, voluntary, and unverifiable disclosures are unlikely to be credible sources of information, prior research demonstrates that individuals' decisions can be influenced by uninformative content. I use a unique dataset from a peer-to-peer lending website, Prosper.com, to demonstrate an economically large effect of voluntary, unverifiable disclosures in reducing the cost of debt. My results show an additional unverifiable disclosure is associated with a 1.27 percentage point reduction in interest rate and an 8 percent increase in bidding activity. Data Availability: All data are publicly available from sources identified in the paper.
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Cites
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Cited by
LEUZ, C., & WYSOCKI, P. D. (2016) · Journal of Accounting Research · doi:10.1111/1475-679x.12115 · Cited by 1,760
Dorfleitner, G., Priberny, C., Schuster, S., Stoiber, J., Weber, M., de Castro, I., & Kammler, J. (2016) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2015.11.009 · Cited by 308
Financial inclusion and fintech: a state-of-the-art systematic literature review
Ha, D., Le, P., & Nguyen, D. K. (2025) · Financial Innovation · doi:10.1186/s40854-024-00741-0 · Cited by 110
“P2P lending is a feasible solution to provide low-interest loans to individuals with low credit scores and those seeking small loans in areas with limited banking facilities (Michels 2012; Maskara et al. 2021).”
Strategic Information Transmission in Peer-to-Peer Lending Markets
Caldieraro, F., Zhang, J. Z., Cunha, M., & Shulman, J. D. (2018) · Journal of Marketing · doi:10.1509/jm.16.0113 · Cited by 101
Metadata
- Authors
- Michels, J.
- Venue
- The Accounting Review
- Publisher
- American Accounting Association
- Published
- 2012-03-01
- Volume
- 87
- Issue
- 4
- Pages
- 1385-1413
- ISSN
- 0001-4826 (ISSN-L)
- 1558-7967
- OpenAlex
- W2056528415
- Cited by
- 300
- References
- 47
- FWCI
- 15.36
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
