Will CEOs with banking experience lower default risks? Evidence from P2P lending platforms in China

• Main Authors: GONG, Qiang, LIU, Chong, PENG, Qianni, WANG, Luying
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2020
• Subjects: CEOs' banking experience; Default risk; Peer-to-peer lending platform (P2P); Asian Studies; E-Commerce; Finance and Financial Management
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/6701; https://ink.library.smu.edu.sg/context/lkcsb_research/article/7700/viewcontent/Will_CEOs_Banking_Exp_2020_av.pdf
• Institution: Singapore Management University

Using a novel dataset of 121 Chinese P2P lending platforms, we investigate the impact of CEOs' banking experience on default risk. The empirical results indicate that CEOs with prior banking experience manage default risk better. Moreover, CEOs' banking experience has a stronger influence...