Information quality for P2P platform selection in a global environment

Ginta Railiene, Laura Ivaškevičiūtė

Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)

Abstract

Online lending platforms are evolving rapidly, providing additional opportunities for smaller market payers to get financing and, from the oth er side, to invest savings. The market is online, thus potentially open for any country in the world, but should apply to specific regulations and perceptions that vary among countries. In lending process the most important is the problem of asymmetric inf ormation and its consequences, thus the information and its disclosure is critical. Without legal disclosure and transparency requirements, the information and tools supporting the lending decision and procedures dealing with payment overdue are mostly dep endent on platform organizers. The default risk falls on lenders, usually having limited proficiency in credit risk valuation and portfolio formation. The paper deals with lending or investment side, applying the main question: what are the information qua lity determinants when making the decision for P2P platform selection. P2P allows to act globally, but information provided should apply common requirements and standards and be equally understandable for geographically different lenders. As the result the information quality criteria are proposed, including web/platform, company related, borrower and loan type information, and then tested on Lithuanian and few European platforms for comparison purposes. The results revealed that information content provide d is abundant with size of the platform, although the financial transparency, as well as information comparability and comprehensiveness are limited.
Original languageEnglish
Title of host publication16th International scientific coonference "Globalization and its socio - economic consequences", 5-6 October 2016, Rajecke Teplice, Slovak Republic
Subtitle of host publicationproceedings
EditorsTomas Kliestik
PublisherUniversity of Zilina
Pages1840-1847
Volume4
ISBN (Print)9788081541919
Publication statusPublished - 2016

Fingerprint

Global environment
Information quality
Lending
Disclosure
Lending decisions
Financial transparency
Comprehensiveness
Payment
Loans
World Wide Web
Savings
Financing
Credit risk
Financial information
Information content
Transparency
Default risk

Keywords

  • Information quality
  • transparency
  • trust
  • credit risk

Cite this

Railiene, G., & Ivaškevičiūtė, L. (2016). Information quality for P2P platform selection in a global environment. In T. Kliestik (Ed.), 16th International scientific coonference "Globalization and its socio - economic consequences", 5-6 October 2016, Rajecke Teplice, Slovak Republic: proceedings (Vol. 4, pp. 1840-1847). University of Zilina.

Information quality for P2P platform selection in a global environment. / Railiene, Ginta; Ivaškevičiūtė, Laura .

16th International scientific coonference "Globalization and its socio - economic consequences", 5-6 October 2016, Rajecke Teplice, Slovak Republic: proceedings . ed. / Tomas Kliestik. Vol. 4 University of Zilina, 2016. p. 1840-1847.

Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)

Railiene, G & Ivaškevičiūtė, L 2016, Information quality for P2P platform selection in a global environment. in T Kliestik (ed.), 16th International scientific coonference "Globalization and its socio - economic consequences", 5-6 October 2016, Rajecke Teplice, Slovak Republic: proceedings . vol. 4, University of Zilina, pp. 1840-1847.
Railiene G, Ivaškevičiūtė L. Information quality for P2P platform selection in a global environment. In Kliestik T, editor, 16th International scientific coonference "Globalization and its socio - economic consequences", 5-6 October 2016, Rajecke Teplice, Slovak Republic: proceedings . Vol. 4. University of Zilina. 2016. p. 1840-1847
Railiene, Ginta ; Ivaškevičiūtė, Laura . / Information quality for P2P platform selection in a global environment. 16th International scientific coonference "Globalization and its socio - economic consequences", 5-6 October 2016, Rajecke Teplice, Slovak Republic: proceedings . editor / Tomas Kliestik. Vol. 4 University of Zilina, 2016. pp. 1840-1847
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