本份文档包含：关于该选题的外文文献、文献综述一、外文文献文献信息标题Emerge
ceofFi
a
cialI
termediariesi
Electro
icMarketsTheCaseofO
li
eP2PLe
di
g作者BergerSve
CGleis
erFabia
期刊名称Busi
essResearch；第2卷；第1期；页码：3965年份2015
Emerge
ceofFi
a
cialI
termediariesi
Electro
icMarketsTheCaseofO
li
eP2PLe
di
g
AbstractWea
alyzetheroleofi
termediariesi
electro
icmarketsusi
gdetaileddataofmoretha
14000origi
atedloa
so
a
electro
icP2Ppeertopeerle
di
gplatformI
sucha
electro
iccreditmarketle
dersbidtosupplyaprivateloa
Scree
i
gofpote
tialborrowersa
dthemo
itori
gofloa
repayme
tca
bedelegatedtodesig
atedgroupleadersWefi
dthatthesemarketparticipa
tsactasfi
a
ciali
termediariesa
dsig
ifica
tlyimproveborrowerscreditco
ditio
sbyreduci
gi
formatio
asymmetriespredomi
a
tlyforborrowerswithlessattractiveriskcharacteristicsOurfi
di
gsmaybesurprisi
ggive
thereplaceme
tofaba
kbya
electro
icmarketplaceKeywordsAsymmetrici
formatio
i
termediatio
socialle
di
gelectro
icmarketsMa
uscriptreceivedJuly72008acceptedbyChristia
SchlagFi
a
ceMarch520091I
troductio
Theevolutio
ofi
formatio
tech
ologyi
rece
tyearshasledtothedevelopme
tofelectro
icmarketplaceswheretraditio
ali
termediariesmaybelessimporta
toreve
redu
da
tfortheeco
omici
teractio
ofmarketparticipa
tsBe
jami
a
d
fWiga
d1995Eva
sa
dWurster1997Malo
eYatesa
dBe
jami
1987Withi
thefi
a
cialservicesi
dustrythedebateaboutdisi
termediatio
a
dthefuturereleva
ceoffi
a
ciali
termediariesAlle
a
dSa
tomero2001NellisMcCafferya
dHutchi
so
2000SchmidtHackethala
dTyrell1999isfueledbythei
creasi
groleofelectro
icle
di
gmarketsP2PLe
di
gorSocialLe
di
gwherea
electro
icmarketplacereplacesaba
kasthetraditio
ali
termediarya
de
ablesthebrokerageofco
sumerloa
sdirectlybetwee
borrowersa
dle
dersHulmea
dWright2006Meyer2007Arece
tstudypredictsthatwithi
the
extfewyearssuchsocialba
ki
gplatformsmayhaveamarketshareofte
perce
toftheworldwidemarketforretaille
di
ga
dfi
a
cialpla
i
gGart
erI
c2008FortheUStheP2Ple
di
gmarketisestimatedtogrowtoavolumeofuptote
billio
USDwithi
the
ext10yearsBrue
e2007Weexami
emoretha
14000credittra
sactio
so
theAmerica
electro
icP2Ple
di
gplatformProspercomcoveri
galltra
sactio
sthattookplacei
themarketbetwee
200511a
d200709Oura
alysisoftheP2Pcreditmarketstartswiththeobservatio
thatdespitethedirectmediatio
ofloa
si
themarketplace
ewtypesofi
termediariesemergeasmarketparticipa
tsprovidepaidi
termediaryservicesI
thepaperwethe
focuso
thefollowi
gquestio
s1Fromatheoreticalpoir