When evaluating Internet-based loan project of small and medium size enterprises (SME), lenders can rely on easy-to-understand risk ratings or more sophisticated financial information. We investigate lenders decisions and its effect on loan funding success on the marketplace-lending platform Zencap. The data set has been provided by the platform Zencap and includes 414 SME marketplace loans and 2,196 lenders. The data examined provide strong support for the importance of simple platform ratings in influencing investor behavior, while the effect of more detailed financial information is less pronounced, controlling for relevant variables. Higher interest rates appear more profitable to investors without any serious concern about non-repayment.

中文翻译：

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中小企业市场借贷

在评估中小企业（SME）的互联网贷款项目时，贷款人可以依靠易于理解的风险评级或更复杂的财务信息。我们在市场借贷平台 Zencap 上调查贷方的决策及其对贷款融资成功的影响。该数据集由 Zencap 平台提供，包括 414 家中小企业市场贷款和 2,196 家贷方。所检查的数据有力地支持了简单平台评级在影响投资者行为方面的重要性，而在控制相关变量的情况下，更详细的财务信息的影响不太明显。对投资者而言，较高的利率似乎更有利可图，而无需严重担心不还款。