One of the goals of the International Carbon Sequestration Project in South Khorasan Province is to study the sustainability of natural resources, especially in the rehabilitated areas, by reducing the reliance of villagers to the natural resources of the region, creating alternative livelihoods with job empowerment and solving the problems of villagers in the region, especially rural women. Th...

Using data from Lending Club and Prosper, the two largest peer-to-peer lenders in the U.S., we provide evidence of the winner’s curse in the online personal lending market. Borrowers who were rejected by a competitor are twice as likely to default as borrowers who were not rejected, conditional on receiving the same contract. Borrowers are also more likely to default when offered higher interes...

a r t i c l e i n f o In setting up, and bidding in online auctions, people face difficult strategic decisions. In this study, a Borrower Decision Aid is introduced, which will help formalize the decision making process of the sellers, or borrowers in this case, in one particular P2P loan auction site, Prosper.com. The vast amount of real-life bidding data available in this online auction enabl...

This paper examines the combined effect of interest rates and poverty levels of microfinance clients on loan size. Cross section data on 2,691 clients and non-clients households from Ghana is used to test the hypothesis of loan price inelasticity. Quantile regression and variants of least squares methods that explore endogeneity are employed. We find the expected inverse relationship only for t...

We investigate how borrowers’ corporate governance influences bank loan contracting terms in emerging markets and how this relation varies across countries with different country-level governance. We find that borrowers with stronger corporate governance obtain favorable contracting terms with respect to loan amount, maturity, collateral requirements, and spread. Firm-level and country-level co...

This paper studies the possibility of endogenous fluctuations caused by activities of financial intermediaries. Risk-averse agents borrow from banks and invest in a risky two-state capital technology. The probability of success with the technology is assumed to be decreasing in the amount of capital invested. In a complete information setting with intermediation, the efficient loan contract ach...

Fuzzy adaptive network (FAN) is proposed to help decision makers in credit scores and to assign the amount of loan. By combining with neural networks to incorporate the learning ability, FAN provides an alternative approach for the imprecision and fuzziness of the credit rating system. A loan approval example is given and the performance of FAN is compared with the regression algorithm. The res...

This is to verify that I, NSHE ID on this date have applied for and received a loan of $________ from the School of Medicine Emergency Loan program. I promise to repay this amount within ninety days or on . I understand that failure to repay this loan by the date indicated shall result in a hold being placed on my academic record. This would necessitate in withholding the University of Nevada S...

We explore information spillovers and cross monitoring between the stock and loan markets. To break simultaneity between the stock and loan markets, we use a regulatory experiment, Regulation SHO, that relaxes short selling constraints for a randomly selected sample of Russell3000 stocks, which directly affects information production and monitoring by short sellers in the stock market but is ex...