• norsk
    • English
  • English 
    • norsk
    • English
  • Login
View Item 
  •   Home
  • Norges Handelshøyskole
  • Thesis
  • Master Thesis
  • View Item
  •   Home
  • Norges Handelshøyskole
  • Thesis
  • Master Thesis
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

The financial health of Norwegian crowdlending borrowers : comparing crowdlending borrowers and borrowers in traditional banks by applying three bankruptcy prediction models

Steen, Eirik Wollen; Holte, Henrik Rangøy
Master thesis
Thumbnail
View/Open
masterthesis.pdf (11.21Mb)
URI
https://hdl.handle.net/11250/2678954
Date
2020
Metadata
Show full item record
Collections
  • Master Thesis [4207]
Abstract
The purpose of this thesis is to examine whether companies obtaining loans at Norwegian

crowdlending platforms are more likely to default than companies obtaining loans in traditional

Norwegian banks. Crowdlending, the concept of lending directly from large groups of investors

through a digital platform, has experienced an explosive growth in Norway and worldwide over

the last years. Despite this, research regarding this topic is limited. To the best of our

knowledge, this is the first study to examine the financial health of Norwegian crowd

borrowers.

In our empirical study, we use three proven models for prediction of bankruptcy and analyze

whether Norwegian crowd borrowers’ credit quality is different than that of regular Norwegian

borrowers. The analysis is conducted on a dataset constructed from manual collection of

Norwegian crowd borrower information from the three Norwegian crowdlending platforms

Monner, FundingPartner and Kameo. To create an approximately randomized experiment with

suitable comparable traditional borrowers we applied the matching approach of Coarsened

Exact Matching.

Based on our analysis, there is not enough evidence to suggest that Norwegian crowdlending

borrowers are riskier than borrowers in traditional banks. Although the mean and median credit

scores of crowd borrowers are generally worse than those of the regular borrowers, thus

suggesting a difference in credit quality between the groups, these differences prove to be

statistically insignificant.

Contact Us | Send Feedback

Privacy policy
DSpace software copyright © 2002-2019  DuraSpace

Service from  Unit
 

 

Browse

ArchiveCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsDocument TypesJournalsThis CollectionBy Issue DateAuthorsTitlesSubjectsDocument TypesJournals

My Account

Login

Statistics

View Usage Statistics

Contact Us | Send Feedback

Privacy policy
DSpace software copyright © 2002-2019  DuraSpace

Service from  Unit