我国P2P网络借贷监管的法经济学分析

发布时间：2018-01-17 21:16

本文关键词：我国P2P网络借贷监管的法经济学分析　出处：《贵州财经大学》2017年硕士论文　论文类型：学位论文

【摘要】：2016年8月,银监会会同工业和信息化等四部门发布了的《网络借贷信息中介机构业务活动管理暂行办法》,建立了网络借贷行业监管的基本逻辑和体系,具有多方面的创新意义和实践价值。同时,在互联网金融领域,P2P网络借贷作为代表行业,对其监管对互联网金融的发展有着非常重要的示范效应。本文从P2P网络借贷的概念入手,进而分析其面临的主要风险,并结合法律经济学的方法对其监管的必要性进行分析,并在借鉴国外监管经验的基础上,为我国P2P网络借贷的健康发展提出了一些举措。本文的具体内容如下:第一部分介绍了P2P网络借贷的概念及发展现状,对P2P网络借贷进行一个基本的概括和总结。文中首先明确了P2P网络借贷的概念及其基本的运作模式,并对其发展历程做了一个简单的介绍。在发展现状方面,主要从国内外两方面展开,对国外方面,主要以英美国家代表性的优秀平台为主,如美国的Lengi ng Club和Prosper及英国的Zopa和Funding Circle,而对于国内的发展状况,则主要以平台运营模式的角度,从类信用卡模式、类担保债权模式及类资产证券化模式三方面进行总结性介绍。第二部分主要分析了P2P网络借贷平台的风险。从P2P网络借贷的发展来看,其存在的风险多种多样,不同的平台存在的风险也不尽相同。本文则主要从平台的操作风险、信用风险和资金流动性风险三个方面展开论述。在操作风险方面,论文主要集中关注P2P网络借贷平台对交易中间资金运作及管理的风险;在信用风险方面,则主要从P2P网络借贷平台及借款人两个方面展开,论述投资人在交易过程中可能面临的信用风险;在流动性风险方面,论文主要集中于P2P网络借贷平台在运作过程中由于期限错配、阴阳合同以及全额担保等问题引发的风险。第三部分则从法律经济学的角度对P2P网络借贷监管进行了分析,这部分也是本文的重点。论文首先从供需关系的角度分析了我国P2P网络借贷的监管在正式制度及非正式制度方面的供需不平衡问题,进而运用信息不对称理论分析了我国P2P网络借贷的交易各方可能面临的问题,以及由此引发道德风险、逆向选择及羊群行为等问题,最后论文从成本与收益的角度对P2P网络借贷的监管进行分析,分析出实现社会效益最大化的监管对策。第四部分则是对我国P2P网络借贷的监管提出了建议。此部分在分析国外发达国家监管制度的基础上,结果我国的监管现状和不足,对我国P2P网络借贷监管提出了建议。对于国外的监管制度,主要包括明确法律地位、完善的征信体系和严格的风险监管三方面,而笔者在分析了我国P2P网络借贷行业的监管现状和不足的基础上,主要从完善法律监管体系、建立监管机制及完善互联网征信体系等方面来构建我国P2P网络借贷的监管体系。
[Abstract]:In August 2016, CBRC, together with the four departments of industry and information, issued the "interim measures on the Management of Business activities of Network Lending Information intermediary institutions", which established the basic logic and system of the supervision of network lending industry. It has many innovative significance and practical value. At the same time, P2P network lending as the representative industry in the field of Internet finance. The regulation has a very important demonstration effect on the development of Internet finance. This paper starts with the concept of P2P network lending, and then analyzes the main risks it faces. Combined with the method of law and economics, the necessity of supervision is analyzed, and based on the experience of foreign supervision. Some measures are proposed for the healthy development of P2P network lending in China. The specific contents of this paper are as follows: the first part introduces the concept and development of P2P network lending. In this paper, the concept of P2P network lending and its basic operation model are first clarified. And made a simple introduction to its development process. In the development of the current situation, mainly from the domestic and foreign two aspects, abroad, mainly in the United States and the United States and the representative of the excellent platform. For example, the Lengi ng Club and Prosper in the United States and Zopa and Funding Circlein in the United Kingdom have developed in China. Then mainly from the platform operating mode perspective, from the credit card model. The second part mainly analyzes the risk of P2P network lending platform. From the perspective of the development of P2P network lending. There are many kinds of risks, and different platforms have different risks. This paper mainly discusses the operational risk, credit risk and liquidity risk of the platform. This paper mainly focuses on the risk of P2P network lending platform to the operation and management of transaction intermediate funds. In terms of credit risk, mainly from P2P network lending platform and borrower two aspects, discussed investors in the transaction process may face credit risk; In the aspect of liquidity risk, the paper mainly focuses on P2P network lending platform in the process of operation due to maturities mismatch. The third part analyzes the P2P network loan supervision from the angle of law and economics. This part is also the focus of this paper. Firstly, from the point of view of supply and demand relationship, the paper analyzes the imbalance between supply and demand in the formal and informal institutions of P2P network lending regulation in China. Then using the theory of information asymmetry, the paper analyzes the problems that the transaction parties of P2P network lending in our country may face, and causes moral hazard, adverse selection and herd behavior and so on. Finally, the paper analyzes the supervision of P2P network lending from the perspective of cost and income. The 4th part is to put forward some suggestions on the supervision of P2P network lending in China. This part is based on the analysis of the regulatory system of foreign developed countries. Results the present situation and deficiency of our country's supervision and control, put forward the suggestion to our country's P2P network loan regulation. For the foreign supervision system, it mainly includes the clear legal status. Perfect credit system and strict risk supervision, and the author analyzes the current situation and deficiencies of P2P network lending industry supervision, mainly from improving the legal regulatory system. In order to establish the supervision system of P2P network lending in China, we should establish the supervision mechanism and perfect the Internet credit system.
【学位授予单位】：贵州财经大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F724.6;F832.4;D922.282

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