﻿{"id":103419,"date":"2020-11-13T09:37:17","date_gmt":"2020-11-13T08:37:17","guid":{"rendered":"https:\/\/www.ieseg.fr\/?post_type=events&#038;p=103419"},"modified":"2020-11-13T09:37:17","modified_gmt":"2020-11-13T08:37:17","slug":"finance-seminar-pham-20","status":"publish","type":"events","link":"https:\/\/www.ieseg.fr\/en\/events\/finance-seminar-pham-20\/","title":{"rendered":"Finance Online Research Seminar &#8220;Asset Mispricing in Peer-to-Peer Loan Secondary Markets&#8221; by Dr. Tho PHAM &#8211; University of Reading"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-100969\" src=\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/2020\/09\/Vignette-ev\u00e9nements-site-web-research-seminar-2.png\" alt=\"\" width=\"880\" height=\"250\" srcset=\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/2020\/09\/Vignette-ev\u00e9nements-site-web-research-seminar-2.png 880w, https:\/\/www.ieseg.fr\/wp-content\/uploads\/2020\/09\/Vignette-ev\u00e9nements-site-web-research-seminar-2-300x85.png 300w, https:\/\/www.ieseg.fr\/wp-content\/uploads\/2020\/09\/Vignette-ev\u00e9nements-site-web-research-seminar-2-768x218.png 768w, https:\/\/www.ieseg.fr\/wp-content\/uploads\/2020\/09\/Vignette-ev\u00e9nements-site-web-research-seminar-2-150x43.png 150w, https:\/\/www.ieseg.fr\/wp-content\/uploads\/2020\/09\/Vignette-ev\u00e9nements-site-web-research-seminar-2-400x114.png 400w\" sizes=\"(max-width: 880px) 100vw, 880px\" \/><\/p>\n<p style=\"text-align: center;\"><strong>Speaker: Dr. Tho PHAM<\/strong><\/p>\n<p style=\"text-align: center;\"><b>University of Reading<\/b><\/p>\n<p style=\"text-align: center;\"><strong>Date and Location &#8211; Thursday November 19th 2020 from 12:30 to 14:00 on Zoom<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><strong>&gt; Abstract:<\/strong><\/p>\n<p>This study examines the presence of mispricing on Bondora, a leading European peer-to-peer lending platform, over the 2016-2019 period. By implementing machine learning methods, we measure the likelihood of success for loan resale on Bondora\u2019s secondary market and compare our predictions with the ex-post market outcomes. The differences observed uncover two phenomena which are related to the diverging perceptions of market participants on asset prices and associated fundamentals: some non-saleable assets are sold, while the resale of highly saleable assets is not successful. Sellers\u2019 pricing behaviour changes once they observe buyers\u2019 actions revealing the buyers\u2019 beliefs about the value of the asset. Our results are robust to various statistical and machine learning methods.<\/p>\n<p style=\"text-align: center;\"><a class=\"btn-transparent\" href=\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/2020\/11\/20201119-abstract-PHAM.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Download<\/strong> the abstract<\/a><\/p>\n<p style=\"text-align: center;\"><a class=\"btn-transparent\" href=\"https:\/\/ieseg.zoom.us\/s\/86201032816\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Join<\/strong> the webinar<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Speaker: Dr. Tho PHAM University of Reading Date and Location &#8211; Thursday November 19th 2020 from 12:30 to 14:00 on Zoom &nbsp; &gt; Abstract: This study examines the presence of [&hellip;]<\/p>\n","protected":false},"featured_media":0,"template":"","events-category":[200,66,166],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Finance Online Research Seminar &quot;Asset Mispricing in Peer-to-Peer Loan Secondary Markets&quot; by Dr. Tho PHAM - University of Reading - I\u00c9SEG<\/title>\n<meta name=\"description\" content=\"Speaker: Dr. Tho PHAM University of Reading Date and Location - Thursday November 19th 2020 from 12:30 to 14:00 on Zoom &nbsp; &gt; Abstract: This study\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ieseg.fr\/en\/events\/finance-seminar-pham-20\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance Online Research Seminar &quot;Asset Mispricing in Peer-to-Peer Loan Secondary Markets&quot; by Dr. Tho PHAM - University of Reading - I\u00c9SEG\" \/>\n<meta property=\"og:description\" content=\"Speaker: Dr. Tho PHAM University of Reading Date and Location - Thursday November 19th 2020 from 12:30 to 14:00 on Zoom &nbsp; &gt; Abstract: This study\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ieseg.fr\/en\/events\/finance-seminar-pham-20\/\" \/>\n<meta property=\"og:site_name\" content=\"I\u00c9SEG\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/pages\/IESEG-School-of-Management\/358733860458?fref=ts\" \/>\n<meta name=\"author\" content=\"Cl\u00e9ment CREMER\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@IESEG\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ieseg.fr\/#organization\",\"name\":\"Ieseg\",\"url\":\"https:\/\/www.ieseg.fr\/\",\"sameAs\":[\"https:\/\/www.linkedin.com\/edu\/school?id=12453\",\"https:\/\/www.youtube.com\/user\/IESEGChannel\",\"https:\/\/www.facebook.com\/pages\/IESEG-School-of-Management\/358733860458?fref=ts\",\"https:\/\/twitter.com\/IESEG\"],\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ieseg.fr\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/IESEG-Logo-2012-rgb.jpg\",\"contentUrl\":\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/IESEG-Logo-2012-rgb.jpg\",\"width\":\"1000\",\"height\":\"311\",\"caption\":\"Ieseg\"},\"image\":{\"@id\":\"https:\/\/www.ieseg.fr\/#\/schema\/logo\/image\/\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ieseg.fr\/#website\",\"url\":\"https:\/\/www.ieseg.fr\/\",\"name\":\"I\u00c9SEG\",\"description\":\"School of Management\",\"publisher\":{\"@id\":\"https:\/\/www.ieseg.fr\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ieseg.fr\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ieseg.fr\/en\/events\/finance-seminar-pham-20\/#webpage\",\"url\":\"https:\/\/www.ieseg.fr\/en\/events\/finance-seminar-pham-20\/\",\"name\":\"Finance Online Research Seminar \\\"Asset Mispricing in Peer-to-Peer Loan Secondary Markets\\\" by Dr. Tho PHAM - University of Reading - I\u00c9SEG\",\"isPartOf\":{\"@id\":\"https:\/\/www.ieseg.fr\/#website\"},\"datePublished\":\"2020-11-13T08:37:17+00:00\",\"dateModified\":\"2020-11-13T08:37:17+00:00\",\"description\":\"Speaker: Dr. Tho PHAM University of Reading Date and Location - Thursday November 19th 2020 from 12:30 to 14:00 on Zoom &nbsp; 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