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ISSN 1008-2204
CN 11-3979/C
Chen Dongyu, Lai Fujun, Nie Fuqiang. Social Capital, Transaction Trust and Information Asymmetry: an Experimental Study on Online Peer-to-Peer Lending[J]. Journal of Beijing University of Aeronautics and Astronautics Social Sciences Edition, 2013, 26(4): 75-83.
Citation: Chen Dongyu, Lai Fujun, Nie Fuqiang. Social Capital, Transaction Trust and Information Asymmetry: an Experimental Study on Online Peer-to-Peer Lending[J]. Journal of Beijing University of Aeronautics and Astronautics Social Sciences Edition, 2013, 26(4): 75-83.
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Social Capital, Transaction Trust and Information Asymmetry: an Experimental Study on Online Peer-to-Peer Lending

  • 1.

    School of Management, Fuzhou University, Fuzhou 350108, China


  • 2. College of Business, University of Southern Mississippi, Long Beach 39560,USA


  • 3. School of Economics Information Engineering, Southwestern University of Finance and Economics, Chengdu 611130, China

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  • Received Date: December 20, 2011
  • Published Date: July 24, 2013
    Graphical Abstract
    • Abstract
  • Online peer to peer (P2P) lending, where lending individuals make unsecured microloans to borrowing individuals, has experienced significant growth since its inception in 2005. The factors that influence the lending willingness however have not been well studied. Drawing on the social capital and social cognitive theory and using China's online P2P lending market as a backdrop, this study examines the factors influencing lenders' trust and lending willingness. The results reveal that borrowers with more social capitals have more trust from lenders. This relationship is stronger for lenders with greater perception of information asymmetry toward online lending markets.
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    • References (57)
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