A robust body of research suggests that entrepreneurial activities benefit from financial development and external financing access. However, there is a gap in understanding how and the extent to which the accessibility to financial services is associated with entrepreneurial activity. Based on...

Usually screening in microcredit is a very opaque process, because borrowers seldom have verifiable information or collateral. We explore the relationship between traditional screening variables and a new screening variable (Job Experience) for a Brazilian fintech microcredit firm. Unlike...

We theorize that for-profit microfinance institutions (MFIs) tend to have higher incentives to use earnings management techniques when compared to their not-forprofit counterparts. We show empirically that, when facing a distress period, for profit MFIs recognize more impairment loan losses...

In contrast to traditional investment markets, in P2P lending platforms it is more difficult for individuals to assess the risk of the available investment opportunities. Because of this difference, it is unknown in the literature how the news of fraud on a platform affects other legitimate...