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11-14香港中文大学Keongtae Kim教授:Complements Rather than Substitutes: An Empirical Examination of Cryptocurrency and Online Peer-to-Peer Lending Markets

  报告人: Professor Keongtae Kim, The Chinese University of Hong Kong (CUHK)

  时间:2019. 11. 14 (周四) 下午3:30

  地点:主楼 317


  The authors develop a conceptual framework and derive testable predictions regarding effects of cryptocurrency markets on borrowers in peer-to-peer (P2P) lending markets from January 2017 to February 2019. Results indicate that the growth in cryptocurrency markets is associated with increased loan requests in the P2P market, especially for borrowers with good credit ratings, more knowledge about the cryptocurrency market, and likely to borrow for investing purposes. The findings imply that the P2P lending market is potentially a funding source for investment in the cryptocurrency market. The growth in cryptocurrency markets is further associated with low default and interest rates. The study has unique and important implications for theory and practice regarding the appropriate management of crowdfunding platforms to sustain a new wave of financial technology.


  Prof. Keongtae Kim is currently an Assistant Professor in Department of Decision Sciences and Managerial Economics, The Chinese University of Hong Kong (CUHK) Business School. Prior to joining CUHK, he was an Assistant Professor at Department of Information Systems at the City University of Hong Kong. He received his BS in Mechanical Engineering from Seoul National University, South Korea, and his MS in Management Engineering from KAIST Business School, South Korea. He earned his PhD in Information Systems from the Robert H. Smith School of Business at the University of Maryland. His main research focuses on crowd-based innovation (crowdfunding/crowdsourcing), technology entrepreneurship, IT and labor market, and IT business value. His research has been published at Information Systems Research and MIS Quarterly.