Portfolio diversification on P2P loan markets
| Název práce v češtině: | Diverzifikace portfolia u P2P půjček |
|---|---|
| Název v anglickém jazyce: | Portfolio diversification on P2P loan markets |
| Klíčová slova anglicky: | P2P loans, default, portfolio |
| Akademický rok vypsání: | 2016/2017 |
| Typ práce: | diplomová práce |
| Jazyk práce: | angličtina |
| Ústav: | Institut ekonomických studií (23-IES) |
| Vedoucí / školitel: | PhDr. Mgr. Jiří Skuhrovec, Ph.D. |
| Řešitel: | skrytý - zadáno vedoucím/školitelem |
| Datum přihlášení: | 09.11.2016 |
| Datum zadání: | 09.11.2016 |
| Datum a čas obhajoby: | 08.02.2017 08:30 |
| Místo konání obhajoby: | Opletalova - Opletalova 26, O206, Opletalova - místn. č. 206 |
| Datum odevzdání elektronické podoby: | 06.01.2017 |
| Datum proběhlé obhajoby: | 08.02.2017 |
| Oponenti: | Mgr. Hana Džmuráňová, Ph.D. |
| Kontrola URKUND: | |
| Zásady pro vypracování |
| The work will investigate the topic empirically using both available data and data they will be mined from the platforms using robots (data mining is necessary as almost every platform does not provide data in a nice downloadable dataset).Given the expected different nature and structure of the data, separate regression will be created form each platform and analysed as cross-sectional data, as every loan is a specific entity and interest rate or size of loan which we focus on should be related to the loan‘s parameters. Reason for multiple datasets is aim for more general conclusion and verification of hypothesis not only in the US, but also in other countries. |
| Seznam odborné literatury |
| 1. Jefferson Duarte, Stephan Siegel, and Lance Young, Trust and Credit: The Role of Appearance in Peer-to-peer Lending, Rev. Financ. Stud. (2012) 25(8): 2455-2484 doi:10.1093/rfs/hhs071
2. Ashta, Arvind and Assadi, Djamchid, Do Social Cause and Social Technology Meet? Impact of Web 2.0 Technologies on Peer-to-Peer Lending Transactions (October 9, 2008). Cahiers du CEREN, Vol. 29, pp. 177-192, 2009 3. Berger, Sven C. and Gleisner, Fabian, Emergence of Financial Intermediaries in Electronic Markets: The Case of Online P2P Lending (March, 11 2010). BuR Business Research Journal, Vol. 2, No. 1, May 2009 4. Ashta, Arvind and Assadi, Djamchid, An Analysis of European Online Micro-Lending Websites (June 4, 2009). Cahiers du CEREN, Vol. 29, pp. 147-160, 2009 5. Djamchid Assadi et Arvind Ashta , Brand Value Building in Online Social Lending Startups, Journal of Innovation Economics 1/2012 (n°9), p. 139-161 6. Ian Galloway, 2009. Peer-to-peer lending and community development finance, Community Development Investment Center Working Paper, 2009-06, Federal Reserve Bank of San Francisco. 7. Iyer, R., A. Khwaja, E. Luttmer, and K. Shue (2010): Inferring Asset Quality: Determining Borrower Creditworthiness in Peer-to-Peer Lending Markets, NBER Working Paper No. 15242. 8. Oren Rigbi, 2012. The Effects of Usury Laws: Evidence from the Online Loan Market, Working Papers, 1204, Ben-Gurion University of the Negev, Department of Economics. 9. Sripanidkulchai, K.; Maggs, B.; Zhang, H.; , "Efficient content location using interest-based locality in peer-to-peer systems," INFOCOM 2003. Twenty-Second Annual Joint Conference of the IEEE Computer and Communications. IEEE Societies , vol.3, no., pp. 2166- 2176 vol.3, 30 March-3 April 2003, doi: 10.1109/INFCOM.2003.1209237 10. Bachmann, Alexander; Becker, Alexander; Buerckner, Daniel; Hilker, Michel; Kock, Frank; Lehmann, Mark; Tiburtius, Phillip; Funk, Burkhardt, Online Peer-to-Peer Lending -- A Literature Review, Journal of Internet Banking & Commerce;Aug2011, Vol. 16 Issue 2, Special section p1 |
| Předběžná náplň práce |
| What evidence about P2P lending platforms is found in the economic literature
2. Description of investigated P2P lending platform: How the P2P lending works 3. Data gathering and description: I will describe the used data and provide summary characteristics 4. Theoretical models: Portfolio theory, diverzification effects 5. Results: I will discuss my baseline results together with some robustness check 6. Concluding remarks: I will summarize my findings and their implications for future research and investor behaviour |
| Předběžná náplň práce v anglickém jazyce |
| What evidence about P2P lending platforms is found in the economic literature
2. Description of investigated P2P lending platform: How the P2P lending works 3. Data gathering and description: I will describe the used data and provide summary characteristics 4. Theoretical models: Portfolio theory, diverzification effects 5. Results: I will discuss my baseline results together with some robustness check 6. Concluding remarks: I will summarize my findings and their implications for future research and investor behaviour |