IS

Chen, Dongyu

Topic Weight Topic Terms
0.398 online evidence offline presence empirical large assurance likely effect seal place synchronous population sites friends
0.199 relationships relationship relational information interfirm level exchange relations perspective model paper interpersonal expertise theory study
0.109 network networks social analysis ties structure p2p exchange externalities individual impact peer-to-peer structural growth centrality
0.107 effect impact affect results positive effects direct findings influence important positively model data suggest test

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Brass, Daniel J. 1 Liu, De 1 Lu, Yong 1
friendship relationships 1 herding 1 Peer-to-peer lending 1 prism effect 1
social networks 1

Articles (1)

Friendship in Online Peer-to-Peer Lending: Pipes, Prisms, and Relational Herding (MIS Quarterly, 2015)
Authors: Abstract:
    This paper investigates how friendship relationships act as pipes, prisms, and herding signals in a large online, peer-to-peer (P2P) lending site. By analyzing decisions of lenders, we find that friends of the borrower, especially close offline friends, act as financial pipes by lending money to the borrower. On the other hand, the prism effect of friends' endorsements via bidding on a loan negatively affects subsequent bids by third parties. However, when offline friends of a potential lender, especially close friends, place a bid, a relational herding effect occurs as potential lenders are likely to follow their offline friends with a bid.