我国P2P网贷平台运营效率及其影响因素

发布时间：2018-01-31 20:16

本文关键词： PP网贷运营效率影响因素 DEA模型 Tobit回归　出处：《上海金融》2017年08期 　论文类型：期刊论文

【摘要】：效率是衡量企业市场竞争力和可持续发展能力的重要指标,探讨P2P网贷平台效率变化及影响因素对平台本身和行业发展都具有重要意义。本文借助DEA模型测度我国P2P网贷平台2014-2016年的运营效率,发现大多数平台处于效率无效状态,这主要受到规模效率低下的影响。其中上市公司背景平台运营效率相对较高,其次为风投、民营背景平台,国资平台效率相对较低。借助Malmquist指数对平台效率的动态变化进行分析,发现考察期内我国网贷行业生产率整体有所提高,这主要来源于技术变化。本文进一步构建Tobit模型实证研究影响我国P2P网贷平台效率的因素,回归结果显示:用户资金银行存管,获得ICP认证,加入互金协会,设立风险准备金作为保障与效率呈正相关关系,而利率、第三方支付托管与效率呈负相关关系。本研究对行业实现高效发展具有一定启示意义。
[Abstract]:Efficiency is an important index to measure the market competitiveness and sustainable development ability of enterprises. It is of great significance for the development of the platform and industry to discuss the efficiency change and influencing factors of P2P network loan platform. This paper uses DEA model to measure the operation efficiency of P2P network loan platform in China from 2014-2016. Rate. It is found that most platforms are inefficient, which is mainly affected by low scale efficiency. Among them, the operating efficiency of listed company background platform is relatively high, followed by venture capital, private background platform. The efficiency of state-owned platform is relatively low. By analyzing the dynamic change of platform efficiency with the help of Malmquist index, it is found that the productivity of China's net loan industry has been improved as a whole during the inspection period. This paper further studies the factors that affect the efficiency of P2P network lending platform in China. The regression results show that the user funds are deposited and managed, and the ICP authentication is obtained. The establishment of risk reserve as guarantee has positive correlation with efficiency, while interest rate, third party payment trusteeship has negative correlation with efficiency.
【作者单位】：复旦大学;
【基金】：国家自然科学基金项目“P2P网络借贷平台的运行机制、竞争策略与监管研究”(编号:71572045) 上海市哲学社会科学规划项目“互联网金融产业生态化发展与生态圈构建研究”(编号:2015BJB010)
【分类号】：F224;F724.6;F832.4
【正文快照】： 一、引言P2P网络借贷,简称P2P网贷(Peer-to-Peer On-line Lending)是指由P2P平台作为信息中介,借助互联网技术撮合借款人和投资人线上交易,实现点对点小额借贷的一种全新金融模式。近年来,P2P网络借贷,作为互联网金融最重要的分支,在我国高速发展。网贷之家数据显示,截至2016

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