{"id":"https://openalex.org/W3207141220","doi":"https://doi.org/10.3390/jtaer16070149","title":"The Impact of Guarantees on Peer-to-Peer Lending Platform: Evolutionary Game Analysis and Empirical Evidence from China","display_name":"The Impact of Guarantees on Peer-to-Peer Lending Platform: Evolutionary Game Analysis and Empirical Evidence from China","publication_year":2021,"publication_date":"2021-10-10","ids":{"openalex":"https://openalex.org/W3207141220","doi":"https://doi.org/10.3390/jtaer16070149","mag":"3207141220"},"language":"en","primary_location":{"id":"doi:10.3390/jtaer16070149","is_oa":true,"landing_page_url":"https://doi.org/10.3390/jtaer16070149","pdf_url":"https://www.mdpi.com/0718-1876/16/7/149/pdf?version=1633872816","source":{"id":"https://openalex.org/S27967161","display_name":"Journal of theoretical and applied electronic commerce research","issn_l":"0718-1876","issn":["0718-1876"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Theoretical and Applied Electronic Commerce Research","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://www.mdpi.com/0718-1876/16/7/149/pdf?version=1633872816","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5084504791","display_name":"Z. Kevin Weng","orcid":"https://orcid.org/0000-0003-1730-5129"},"institutions":[{"id":"https://openalex.org/I24943067","display_name":"Fudan University","ror":"https://ror.org/013q1eq08","country_code":"CN","type":"education","lineage":["https://openalex.org/I24943067"]},{"id":"https://openalex.org/I4210105385","display_name":"Shanghai Stock Exchange","ror":"https://ror.org/01ecwsw76","country_code":"CN","type":"other","lineage":["https://openalex.org/I4210105385"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Zhicheng Weng","raw_affiliation_strings":["School of Management, Fudan University, Shanghai 200433, China","Shanghai Gold Exchange, Shanghai 200010, China"],"raw_orcid":"https://orcid.org/0000-0003-1730-5129","affiliations":[{"raw_affiliation_string":"School of Management, Fudan University, Shanghai 200433, China","institution_ids":["https://openalex.org/I24943067"]},{"raw_affiliation_string":"Shanghai Gold Exchange, Shanghai 200010, China","institution_ids":["https://openalex.org/I4210105385"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5018622240","display_name":"Pinliang Luo","orcid":null},"institutions":[{"id":"https://openalex.org/I24943067","display_name":"Fudan University","ror":"https://ror.org/013q1eq08","country_code":"CN","type":"education","lineage":["https://openalex.org/I24943067"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Pinliang Luo","raw_affiliation_strings":["School of Management, Fudan University, Shanghai 200433, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Management, Fudan University, Shanghai 200433, China","institution_ids":["https://openalex.org/I24943067"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5018622240"],"corresponding_institution_ids":["https://openalex.org/I24943067"],"apc_list":{"value":1000,"currency":"CHF","value_usd":1082},"apc_paid":{"value":1000,"currency":"CHF","value_usd":1082},"fwci":1.4813,"has_fulltext":true,"cited_by_count":10,"citation_normalized_percentile":{"value":0.85082783,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"16","issue":"7","first_page":"2708","last_page":"2731"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11995","display_name":"FinTech, Crowdfunding, Digital Finance","score":0.9997000098228455,"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":0.9997000098228455,"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/T10987","display_name":"Microfinance and Financial Inclusion","score":0.9937999844551086,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"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":0.9846000075340271,"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","display_name":"Peer-to-peer","score":0.6879208087921143},{"id":"https://openalex.org/keywords/database-transaction","display_name":"Database transaction","score":0.6688838005065918},{"id":"https://openalex.org/keywords/mechanism","display_name":"Mechanism (biology)","score":0.654772937297821},{"id":"https://openalex.org/keywords/china","display_name":"China","score":0.6077961325645447},{"id":"https://openalex.org/keywords/transaction-cost","display_name":"Transaction cost","score":0.53431636095047},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.5326653718948364},{"id":"https://openalex.org/keywords/information-asymmetry","display_name":"Information asymmetry","score":0.5222461819648743},{"id":"https://openalex.org/keywords/scale","display_name":"Scale (ratio)","score":0.5174746513366699},{"id":"https://openalex.org/keywords/empirical-research","display_name":"Empirical research","score":0.46543756127357483},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.4276924729347229},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.41470786929130554},{"id":"https://openalex.org/keywords/distributed-computing","display_name":"Distributed computing","score":0.1471811830997467},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.12563133239746094}],"concepts":[{"id":"https://openalex.org/C534932454","wikidata":"https://www.wikidata.org/wiki/Q161410","display_name":"Peer-to-peer","level":2,"score":0.6879208087921143},{"id":"https://openalex.org/C75949130","wikidata":"https://www.wikidata.org/wiki/Q848010","display_name":"Database transaction","level":2,"score":0.6688838005065918},{"id":"https://openalex.org/C89611455","wikidata":"https://www.wikidata.org/wiki/Q6804646","display_name":"Mechanism (biology)","level":2,"score":0.654772937297821},{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.6077961325645447},{"id":"https://openalex.org/C98965940","wikidata":"https://www.wikidata.org/wiki/Q877496","display_name":"Transaction cost","level":2,"score":0.53431636095047},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5326653718948364},{"id":"https://openalex.org/C137577040","wikidata":"https://www.wikidata.org/wiki/Q431965","display_name":"Information asymmetry","level":2,"score":0.5222461819648743},{"id":"https://openalex.org/C2778755073","wikidata":"https://www.wikidata.org/wiki/Q10858537","display_name":"Scale (ratio)","level":2,"score":0.5174746513366699},{"id":"https://openalex.org/C120936955","wikidata":"https://www.wikidata.org/wiki/Q2155640","display_name":"Empirical research","level":2,"score":0.46543756127357483},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.4276924729347229},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.41470786929130554},{"id":"https://openalex.org/C120314980","wikidata":"https://www.wikidata.org/wiki/Q180634","display_name":"Distributed computing","level":1,"score":0.1471811830997467},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.12563133239746094},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.3390/jtaer16070149","is_oa":true,"landing_page_url":"https://doi.org/10.3390/jtaer16070149","pdf_url":"https://www.mdpi.com/0718-1876/16/7/149/pdf?version=1633872816","source":{"id":"https://openalex.org/S27967161","display_name":"Journal of theoretical and applied electronic commerce research","issn_l":"0718-1876","issn":["0718-1876"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Theoretical and Applied Electronic Commerce Research","raw_type":"journal-article"},{"id":"pmh:oai:doaj.org/article:a30568d4fd574a6dbadfbd1e891f0991","is_oa":true,"landing_page_url":"https://doaj.org/article/a30568d4fd574a6dbadfbd1e891f0991","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Journal of Theoretical and Applied Electronic Commerce Research, Vol 16, Iss 7, Pp 2708-2731 (2021)","raw_type":"article"},{"id":"pmh:oai:mdpi.com:/0718-1876/16/7/149/","is_oa":true,"landing_page_url":"https://dx.doi.org/10.3390/jtaer16070149","pdf_url":null,"source":{"id":"https://openalex.org/S4306400947","display_name":"MDPI (MDPI AG)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I4210097602","host_organization_name":"Multidisciplinary Digital Publishing Institute (Switzerland)","host_organization_lineage":["https://openalex.org/I4210097602"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Journal of Theoretical and Applied Electronic Commerce Research; Volume 16; Issue 7; Pages: 2708-2731","raw_type":"Text"}],"best_oa_location":{"id":"doi:10.3390/jtaer16070149","is_oa":true,"landing_page_url":"https://doi.org/10.3390/jtaer16070149","pdf_url":"https://www.mdpi.com/0718-1876/16/7/149/pdf?version=1633872816","source":{"id":"https://openalex.org/S27967161","display_name":"Journal of theoretical and applied electronic commerce research","issn_l":"0718-1876","issn":["0718-1876"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Theoretical and Applied Electronic Commerce Research","raw_type":"journal-article"},"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3207141220.pdf","grobid_xml":"https://content.openalex.org/works/W3207141220.grobid-xml"},"referenced_works_count":42,"referenced_works":["https://openalex.org/W1415442047","https://openalex.org/W1485535210","https://openalex.org/W1967829443","https://openalex.org/W1971440513","https://openalex.org/W1980573833","https://openalex.org/W1991118228","https://openalex.org/W1991690971","https://openalex.org/W1992751099","https://openalex.org/W2013360778","https://openalex.org/W2018188846","https://openalex.org/W2028798910","https://openalex.org/W2059848767","https://openalex.org/W2077401807","https://openalex.org/W2092718852","https://openalex.org/W2092899467","https://openalex.org/W2124758339","https://openalex.org/W2129998937","https://openalex.org/W2141629583","https://openalex.org/W2146880834","https://openalex.org/W2152359509","https://openalex.org/W2167161877","https://openalex.org/W2185712725","https://openalex.org/W2345587950","https://openalex.org/W2366892266","https://openalex.org/W2368772789","https://openalex.org/W2384812602","https://openalex.org/W2392120441","https://openalex.org/W2560764700","https://openalex.org/W2564744000","https://openalex.org/W2982666780","https://openalex.org/W2996476978","https://openalex.org/W3021909905","https://openalex.org/W3029129320","https://openalex.org/W3120117481","https://openalex.org/W3124171143","https://openalex.org/W3124284538","https://openalex.org/W3124751568","https://openalex.org/W3125195850","https://openalex.org/W3125859517","https://openalex.org/W4292811746","https://openalex.org/W6681247116","https://openalex.org/W6789551350"],"related_works":["https://openalex.org/W1536727859","https://openalex.org/W3124009333","https://openalex.org/W2417737453","https://openalex.org/W2373220065","https://openalex.org/W2233476005","https://openalex.org/W2089073576","https://openalex.org/W3125714252","https://openalex.org/W3037957060","https://openalex.org/W2954796460","https://openalex.org/W2034683197"],"abstract_inverted_index":{"The":[0,67],"peer-to-peer":[1,42,64,82,153],"lending":[2,43,65,83,154],"market":[3],"has":[4],"developed":[5],"rapidly":[6],"over":[7],"the":[8,29,33,37,41,51,72,76,81,91,100,103,114,120,127,131,137,140,145,152,157,162,166,169,174,180,185,191,195,208,212,216,221],"past":[9],"decade":[10],"and":[11,45,55,149,184,225],"reveals":[12],"a":[13,22,86,96,108],"severe":[14],"problem":[15],"of":[16,32,40,62,78,80,93,102,116,122,147,151,165,176,182,194,211],"information":[17],"asymmetry.":[18],"This":[19],"research":[20,201],"constructed":[21],"four-party":[23],"evolutionary":[24],"game":[25],"model":[26,54,58,69],"to":[27,189],"analyze":[28],"influence":[30,112],"pathway":[31],"guarantee":[34,73,171,223],"mechanism":[35,74,143,172,219],"on":[36,60,113,119,126],"users\u2019":[38],"participation":[39,77,92,115],"platform":[44,84,104,128,141,155,213,217],"conducted":[46],"an":[47],"empirical":[48,132],"study":[49,133],"applying":[50],"mediating":[52],"effect":[53,187],"simultaneous":[56],"equation":[57],"based":[59],"data":[61],"China\u2019s":[63],"platform.":[66,167,196],"theoretical":[68],"shows":[70,134],"that":[71,135],"reduced":[75,144,173],"borrowers":[79,148],"through":[85,95],"screening":[87],"effect,":[88,110],"but":[89],"increased":[90,179],"investors":[94,117,150],"signal":[97,228],"effect.":[98],"In":[99],"case":[101],"self-guarantee,":[105],"there":[106],"existed":[107],"self-screening":[109],"whose":[111],"depended":[118],"strength":[121],"external":[123],"constraints":[124],"imposed":[125],"enterprises.":[129],"Further,":[130],"during":[136],"sample":[138],"period,":[139],"self-guarantee":[142,218],"scale":[146,175,181],"at":[156],"same":[158],"time,":[159],"thus":[160],"reducing":[161],"transaction":[163,192],"volume":[164,193],"Although":[168],"third-party":[170,222],"borrowers,":[177],"it":[178],"investors,":[183],"comprehensive":[186],"was":[188],"increase":[190],"On":[197],"this":[198,200],"basis,":[199],"puts":[202],"forward":[203],"suggestions":[204],"such":[205],"as":[206],"strengthening":[207],"qualification":[209],"examination":[210],"enterprises,":[214],"transforming":[215],"into":[220],"mechanism,":[224],"introducing":[226],"more":[227],"mechanisms.":[229]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":4}],"updated_date":"2026-05-21T06:26:12.895304","created_date":"2021-10-25T00:00:00"}