The Value of Financial Intermediation: Evidence from Online Debt Crowdfunding (FINEC-D-23-00120)

This replication package includes all the pseudo datasets and codes necessary to produce the descriptive statistics, model estimates, and counterfactual simulations of the paper "The Value of Financial Intermediation: Evidence from Online Debt Crowdfunding", by Fabio Braggion, Alberto Manconi, Nicola Pavanini, Haikun Zhu, published by the Journal of Financial Economics in 2025.