オオタケ トシツグ   OTAKE Toshitsugu   大竹 敏次    所属   立命館アジア太平洋大学  国際経営学部    職種   教授
言語種別	英語
発行・発表の年月	2021/12
形態種別	学術論文
査読	査読あり
標題	A Comparison of Customers` Profile and Default Probabilities of Consolidated and Non-consolidated Loans in the Peer-to-peer Lending Market
執筆形態	コレスポンディング
掲載誌名	Bank Parikrama, A Journal of Banking and Finance
掲載区分	国外
出版社・発行元	BANGLADESH INSTITUTE OF BANK MANAGEMENT
巻・号・頁	XLVI(1),pp.5-30
総ページ数	26
著者・共著者	Muhammad Rofiqul Islam & Toshitsugu Otake
概要	The growth of the Online Peer-to-peer (P2P) lending market is induced by its ability to offer lower interest rates for the borrowers than that of the traditional lending market which encourages them to avail credit from the P2P market to pay off their existing debt. However, the interest charged on low-credit grade borrowers fails to compensate for the risk level of the borrowers. This paper analyzes the loan data of the low-credit grade borrowers to compare the loan attributes and the default probabilities of the debt consolidated and the non-consolidated loans. Our study shows that the debt-consolidated borrowers are getting funded with worse credit grade and with a higher debt burden as compared with the non-consolidated borrowers. The low-credit grade consolidated borrowers are more likely to default than the low-grade non consolidated borrowers and for both the groups of borrowers the borrowers’ credit history fails to predict their default probabilities.