Dorfleitner, Gregor and Rad, Jacqueline and Weber, Martina (2017) Pricing in the online invoice trading market: First empirical evidence. ECONOMICS LETTERS, 161. pp. 56-61. ISSN 0165-1765, 1873-7374
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In recent years, online invoice trading has gained importance in providing SMEs with short-term financing. In this paper, we present first empirical evidence concerning the question whether the risk of payment difficulties is appropriately reflected in the pricing variables. To this end, we investigate predictors of default of online invoice trading platforms. We analyze both the probability of default and the loss rate and find that the interest rate, the duration and the percentage funded have good predictive power. Furthermore, we show that the pricing mechanism (auction vs. fixed prices) helps to explain defaults on online invoice trading platforms. (C) 2017 Elsevier B.V. All rights reserved.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | INFORMATION; AUCTIONS; CREDIT; Invoice trading; Factoring; FinTech; Marketlnvoice; Auction; Efficiency; PD forecast |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Business, Economics and Information Systems > Institut für Betriebswirtschaftslehre > Lehrstuhl für Finanzierung (Prof. Dr. Gregor Dorfleitner) |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 14 Dec 2018 13:19 |
| Last Modified: | 19 Feb 2019 13:25 |
| URI: | https://pred.uni-regensburg.de/id/eprint/1760 |
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