讲座题目：FinTech Lending and Debt Spiral

主 讲 人：石劲

时   间：2024年3月28日（周四）14:30-16:30

线下地点：西安交通大学创新港涵英楼经济金融研究院8121报告厅

报告人简介：

石劲，现任中南财经政法大学金融学教授、数字技术与现代金融学科创新引智基地首席专家，获得澳大利亚国立大学金融学博士学位。现为澳大利亚和新西兰会计和金融协会会士，亚洲金融协会理事，SSCI来源期刊《Accounting and Finance》执行副主编，《Journal of Accounting Literature》专业主编，《Research in International Business and Finance》副主编。研究领域主要包括中国资本市场、金融科技、公司金融、公司治理和债券评级等，已在American Economic Review, Journal of Political Economy, Administrative Science Quarterly, Strategic Management Journal，Management Science,《经济研究》等国内外学术期刊发表论文60余篇。

摘要：

We examine whether and how consumers can be trapped in debt spirals in fintech lending markets. With alternative data sources, fintech lenders may target and provide easy-access credit products to new customers. We find that after obtaining a focal fintech lender’s loan approval, borrowers receive more promotional messages from other fintech lending platforms, causing greater tendencies of subsequent new borrowing, personal expenditure, loan delinquency, and experiencing adverse social outcomes. This effect is stronger for borrowers with low financial literacy, limited credit access, and weak social insurance. Taken together, we document the economic and social consequences of fintech consumers’ overborrowing behavior.

经济与金融学院

2024年3月19日