P2P lending and Natural Disasters: Is Altruistic Behavior conditional?

Lavlin Agrawal, Raj Sharman, Christian Tiu, Juha Joenväärä

Tutkimustuotos: Artikkeli kirjassa/konferenssijulkaisussaConference article in proceedingsScientificvertaisarvioitu

Abstrakti

In the aftermath of natural disasters, borrowers seeking credit from traditional sources, such as banks, may encounter higher interest rates than in pre-disaster periods. We examine the lending behavior of peer-to-peer (P2P) platforms in the wake of disasters. Since P2P platforms involve individual investors in making lending decisions, they accommodate both profit motives and empathetic responses. Empirical evidence from psychology suggests that empathy can lead to prosocial behavior. Consistent with this assertion, we find that loans affected by natural disasters have lower interest rates than comparable loans not issued in the wake of disasters. Our study finds that lenders are involved in a prosocial behavior and are ready to give away some part of their interest income to help the communities in need.
AlkuperäiskieliEnglanti
OtsikkoICIS 2023 proceedings
KustantajaAssociation for Information Systems
Sivumäärä17
TilaJulkaistu - 2023
OKM-julkaisutyyppiA4 Artikkeli konferenssijulkaisussa
TapahtumaInternational Conference on Information Systems - Hyderabad, Intia
Kesto: 10 jouluk. 202313 jouluk. 2023
https://icis2023.aisconferences.org/

Julkaisusarja

NimiInternational Conference on Information Systems
ISSN (elektroninen)1026-1079

Conference

ConferenceInternational Conference on Information Systems
LyhennettäICIS
Maa/AlueIntia
KaupunkiHyderabad
Ajanjakso10/12/202313/12/2023
www-osoite

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