{"id":"https://openalex.org/W4396769290","doi":"https://doi.org/10.1007/s40822-024-00280-0","title":"A computational model of the effects of borrower default on the stability of P2P lending platforms","display_name":"A computational model of the effects of borrower default on the stability of P2P lending platforms","publication_year":2024,"publication_date":"2024-05-09","ids":{"openalex":"https://openalex.org/W4396769290","doi":"https://doi.org/10.1007/s40822-024-00280-0"},"language":"en","primary_location":{"id":"doi:10.1007/s40822-024-00280-0","doi":"https://doi.org/10.1007/s40822-024-00280-0","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s40822-024-00280-0","pdf_url":null,"source":{"id":"https://openalex.org/S4210169982","display_name":"Eurasian economic review :","issn_l":"1309-422X","issn":["1309-422X","1309-4297","2147-4281","2147-429X"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["abdc-b","abdc-c","anvur-class-a","anvur-scientific","fnege-4","jufo-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Eurasian Economic Review","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://doi.org/10.1007/s40822-024-00280-0","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5041222308","display_name":"Evangelos G. Katsamakas","orcid":"https://orcid.org/0000-0002-3249-2017","observed_orcids":["https://orcid.org/0000-0002-3249-2017"]},"institutions":[{"id":"https://openalex.org/I164389053","display_name":"Fordham University","ror":"https://ror.org/03qnxaf80","country_code":"US","type":"education","lineage":["https://openalex.org/I164389053"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Evangelos Katsamakas","raw_affiliation_strings":["Fordham University, 140 W. 62nd Street, New York, NY, 10023, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Fordham University, 140 W. 62nd Street, New York, NY, 10023, USA","institution_ids":["https://openalex.org/I164389053"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5019221983","display_name":"Juan Manuel Sanchez-Cartas","orcid":"https://orcid.org/0000-0002-7968-0840","observed_orcids":["https://orcid.org/0000-0002-7968-0840"]},"institutions":[{"id":"https://openalex.org/I121748325","display_name":"Universidad Complutense de Madrid","ror":"https://ror.org/02p0gd045","country_code":"ES","type":"education","lineage":["https://openalex.org/I121748325"]}],"countries":["ES"],"is_corresponding":true,"raw_author_name":"J. Manuel Sanchez-Cartas","raw_affiliation_strings":["Universidad Complutense de Madrid, Campus de Somosaguas, Madrid, 28223, Spain"],"raw_orcid":"https://orcid.org/0000-0002-7968-0840","affiliations":[{"raw_affiliation_string":"Universidad Complutense de Madrid, Campus de Somosaguas, Madrid, 28223, Spain","institution_ids":["https://openalex.org/I121748325"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5019221983"],"corresponding_institution_ids":["https://openalex.org/I121748325"],"apc_list":{"value":3090,"currency":"USD","value_usd":3090},"apc_paid":{"value":3090,"currency":"USD","value_usd":3090},"fwci":3.6784,"has_fulltext":false,"cited_by_count":13,"citation_normalized_percentile":{"value":0.93074397,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":99},"biblio":{"volume":"14","issue":"3","first_page":"597","last_page":"618"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11995","display_name":"FinTech, Crowdfunding, Digital Finance","score":0.9970999956130981,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11995","display_name":"FinTech, Crowdfunding, Digital Finance","score":0.9970999956130981,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.0006000000284984708,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12392","display_name":"Sharing Economy and Platforms","score":0.0005000000237487257,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/peer-to-peer-lending","display_name":"peer-to-peer lending","score":0.9950000047683716},{"id":"https://openalex.org/keywords/loan-default","display_name":"loan default","score":0.9900000095367432},{"id":"https://openalex.org/keywords/platform-stability","display_name":"platform stability","score":0.9789999723434448},{"id":"https://openalex.org/keywords/network-formation","display_name":"network formation","score":0.8999999761581421},{"id":"https://openalex.org/keywords/institutional-investors","display_name":"institutional investors","score":0.828000009059906},{"id":"https://openalex.org/keywords/network-density","display_name":"network density","score":0.5299999713897705},{"id":"https://openalex.org/keywords/computational-model","display_name":"computational model","score":0.47099998593330383}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7450354695320129},{"id":"https://openalex.org/C112972136","wikidata":"https://www.wikidata.org/wiki/Q7595718","display_name":"Stability (learning theory)","level":2,"score":0.6137672662734985},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5066764950752258},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.47543811798095703},{"id":"https://openalex.org/C2984055962","wikidata":"https://www.wikidata.org/wiki/Q162714","display_name":"Default risk","level":3,"score":0.43099120259284973},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.20747783780097961},{"id":"https://openalex.org/C178350159","wikidata":"https://www.wikidata.org/wiki/Q162714","display_name":"Credit risk","level":2,"score":0.1928822100162506},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.18022724986076355},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1007/s40822-024-00280-0","doi":"https://doi.org/10.1007/s40822-024-00280-0","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s40822-024-00280-0","pdf_url":null,"source":{"id":"https://openalex.org/S4210169982","display_name":"Eurasian economic review :","issn_l":"1309-422X","issn":["1309-422X","1309-4297","2147-4281","2147-429X"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["abdc-b","abdc-c","anvur-class-a","anvur-scientific","fnege-4","jufo-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Eurasian Economic Review","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.4803046","doi":"https://doi.org/10.2139/ssrn.4803046","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.4803046","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"pmh:oai:RePEc:spr:eurase:v:14:y:2024:i:3:d:10.1007_s40822-024-00280-0","doi":null,"is_oa":false,"landing_page_url":"http://link.springer.com/10.1007/s40822-024-00280-0","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.1007/s40822-024-00280-0","doi":"https://doi.org/10.1007/s40822-024-00280-0","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s40822-024-00280-0","pdf_url":null,"source":{"id":"https://openalex.org/S4210169982","display_name":"Eurasian economic review :","issn_l":"1309-422X","issn":["1309-422X","1309-4297","2147-4281","2147-429X"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["abdc-b","abdc-c","anvur-class-a","anvur-scientific","fnege-4","jufo-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Eurasian Economic Review","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320321585","display_name":"Universidad Complutense de Madrid","ror":"https://ror.org/02p0gd045"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":55,"referenced_works":["https://openalex.org/W1504077082","https://openalex.org/W2004824191","https://openalex.org/W2030210484","https://openalex.org/W2060857919","https://openalex.org/W2068769119","https://openalex.org/W2071869259","https://openalex.org/W2185712725","https://openalex.org/W2336079952","https://openalex.org/W2604622284","https://openalex.org/W2738900953","https://openalex.org/W2750662619","https://openalex.org/W2789583741","https://openalex.org/W2795284060","https://openalex.org/W2804510429","https://openalex.org/W2804638224","https://openalex.org/W2904485001","https://openalex.org/W2906789272","https://openalex.org/W2961996122","https://openalex.org/W2986909969","https://openalex.org/W2989946502","https://openalex.org/W3003461166","https://openalex.org/W3016988754","https://openalex.org/W3023217494","https://openalex.org/W3025102841","https://openalex.org/W3047564681","https://openalex.org/W3077830546","https://openalex.org/W3082546634","https://openalex.org/W3107264758","https://openalex.org/W3109556497","https://openalex.org/W3116368835","https://openalex.org/W3121141377","https://openalex.org/W3121746048","https://openalex.org/W3123093303","https://openalex.org/W3125005799","https://openalex.org/W3125964543","https://openalex.org/W3159026468","https://openalex.org/W3160006214","https://openalex.org/W3164899900","https://openalex.org/W3171016184","https://openalex.org/W3171470666","https://openalex.org/W3172406714","https://openalex.org/W3173133965","https://openalex.org/W3174090525","https://openalex.org/W3175186376","https://openalex.org/W3185736047","https://openalex.org/W3195702599","https://openalex.org/W3200599913","https://openalex.org/W3211768193","https://openalex.org/W3213758289","https://openalex.org/W4200286225","https://openalex.org/W4200574168","https://openalex.org/W4210333535","https://openalex.org/W4241850794","https://openalex.org/W4253157038","https://openalex.org/W4296046902"],"related_works":["https://openalex.org/W2789583741","https://openalex.org/W3109556497","https://openalex.org/W2965826777","https://openalex.org/W3137812460","https://openalex.org/W4408614920","https://openalex.org/W7096991399","https://openalex.org/W2363656643","https://openalex.org/W2791005110","https://openalex.org/W4285072326","https://openalex.org/W7051913162"],"abstract_inverted_index":{"Abstract":[0],"Peer-to-peer":[1],"(P2P)":[2],"lending":[3,22,106,185],"has":[4],"attracted":[5],"scholarly":[6],"attention":[7],"because":[8],"of":[9,124,183],"its":[10,168],"economic":[11,181],"significance":[12],"and":[13,27,61,76,146,161,173,179],"potential":[14],"to":[15,18,32,41,91,143],"democratize":[16],"access":[17],"finance.":[19],"However,":[20],"P2P":[21,47,57,87,92,105,184],"platforms":[23,107],"face":[24],"many":[25],"challenges":[26],"failures":[28],"that":[29,52,68,121],"we":[30,66,153],"need":[31],"understand":[33],"more":[34,141,147],"clearly.":[35],"We":[36,50,98,119,170],"build":[37],"a":[38,78,101,128,135,164],"computational":[39],"model":[40],"study":[42],"how":[43,155],"borrower":[44,53,156],"default":[45,54],"affects":[46],"platform":[48,63,140,159,165,177],"lending.":[49],"show":[51],"disrupts":[55],"the":[56,71,122,139,180],"network":[58,130],"formation":[59],"process":[60],"undermines":[62],"stability.":[64],"Moreover,":[65],"find":[67,120],"defaults":[69,145,157],"increase":[70],"inequality":[72],"in":[73,86,89,104,108],"accessing":[74],"funding":[75],"provide":[77],"rationale":[79],"for":[80],"using":[81],"curation":[82],"rules,":[83],"widely":[84],"used":[85],"platforms,":[88],"contrast":[90],"insurance,":[93],"which":[94,109],"fosters":[95],"cascading":[96,144],"defaults.":[97],"also":[99],"address":[100],"new":[102],"trend":[103],"large":[110,125],"companies":[111,126],"(institutional":[112],"investors)":[113],"play":[114],"an":[115],"increasingly":[116],"important":[117],"role.":[118],"presence":[123],"creates":[127],"denser":[129],"(more":[131],"loans)":[132],"but":[133],"generates":[134],"trade-off":[136],"between":[137],"making":[138],"resilient":[142],"dependent":[148],"on":[149],"specific":[150],"players.":[151],"Overall,":[152],"explain":[154],"affect":[158],"stability":[160,178],"what":[162],"makes":[163],"vulnerable,":[166],"threatening":[167],"survival.":[169],"discuss":[171],"research":[172],"managerial":[174],"insights":[175],"into":[176],"effect":[182],"platforms.":[186]},"counts_by_year":[{"year":2026,"cited_by_count":4},{"year":2025,"cited_by_count":7},{"year":2024,"cited_by_count":2}],"updated_date":"2026-11-09T13:22:03.289127","created_date":"2024-05-10T00:00:00"}