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DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Oleksandr Talavera (University of Birmingham): Herding Behaviour in P2P Lending Markets Co-authors: Mustafa Caglayan (School of Social Sciences, Heriot-Watt University) and Wei Zhang (College of Management and Economics, Tianjin University) =0D=0A Abstract This paper investigates herding behaviour in peer-to-peer (P2P) Lending markets. Our data come from Renrendai.com, a popular Chinese P2P platform, which have about 110,000 bidding over 2010-2018. Our investigation yields evidence of herding behaviour, whose impact varies depending on the time of day. Further scrutiny provides evidence in favour of rational herding. We next implement an innovative approach and examine data on individual bidder activity to account for investor heterogeneity. This new approach provides absolute evidence of herding behaviour, as herding is a behavioural response of investors under uncertainty.=0D=0A  =0D=0A BOFIT seminars are open to all researchers interested in the subjects covered. Those wishing to attend a seminar are kindly asked to register in advance, by email bofit(at)bof.fi or tel. +358 9 183 2268. =0D=0A Seminars take place, as a rule, on Tuesdays, starting at 10.30 a.m.  Visitors are escorted to the seminar room from the Rauhankatu 19 B (Library) entrance. =0D=0A
DTEND:20190402T083000Z
DTSTAMP:20190319T122816Z
DTSTART:20190402T073000Z
LOCATION:Bank of Finland, Rauhankatu 19 B, Helsinki 
SUMMARY:Oleksandr Talavera (University of Birmingham): Herding Behaviour in P2P Lending Markets 
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