This study investigates the factors influencing the continued use of peer-to-peer (P2P) lending applications in Indonesia despite the high risks involved. Using a structural equation model (SEM), the research finds that the desirability of control moderates the negative effect of perceived risk on P2P lending usage intention. Borrowers with high desirability of control tend to disregard high risks, while those with low desirability of control avoid P2P lending to maintain control. The study highlights the need for stricter regulations to mitigate potential defaults.
Publisher
Humanities and Social Sciences Communications
Published On
May 30, 2023
Authors
Samuel Adiprasetya Isaputra, Sumaryono
Tags
peer-to-peer lending
Indonesia
perceived risk
desirability of control
regulations
usage intention
structural equation model
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