P2P网络借贷融资影响因素与平台风险评估的研究

发布时间：2018-04-27 23:43

本文选题：P2P网络借贷 + 融资可得性　；参考：《广东工业大学》2017年硕士论文

【摘要】：P2P网络借贷(Peer-to-Peer Lending)是一种基于互联网,通过网络借贷平台达成借贷双方交易的信息金融服务模式。这种网络借贷模式最早发源于西方国家,如美国的Prosper和英国的Zopa。Prosper和Zopa经过数十年的发展,具备方便快捷和友好的操作界面、较低且差异化的借款利率,在国际P2P网络借贷领域中享有最高的声誉。在我国,P2P网络借贷市场自2007年开始成立,十年间,也涌现出大批优秀的借贷平台,如拍拍贷、人人贷、宜人贷等。中低收入阶层及有借款需求的小微企业往往借款规模较小风险较大,使得其从银行借款相对较难,那么,新的融资方式即P2P网络借贷可以帮助其摆脱融资困境,寻求融资出路。P2P网络借贷市场发展迅速,但同时也面临着以下三个问题:第一、网络借贷平台上借款人的借款成功率相对较低;第二、网络借贷平台上借款人的融资成本远远高于银行同期借款利率;第三、网络借贷平台大量兴起,伴随着风险平台的倒闭跑路,使得借款人和投资者资金安全无法得到可靠保障,那么,对于投资者来说,选择相对安全的综合评级较高的网络借贷平台尤为重要。P2P网络借贷市场以借贷平台作为中介,借贷双方之间存在严重的信息不对称,导致较低的借款成功率和较高的借款利率。那么,降低借款人和投资者之间的信息不对称成为网络借贷市场发展的重点,借款人若提供表现较好的硬信息和软信息,则能够有效地缓解借贷双方的信息不对称程度。本文拟通过对国内外文献和相关理论的收集和整理,以拍拍贷作为相关网络借贷问题的研究平台。首先,将影响借款人融资的因素划分为借款基本信息、硬信息和软信息三大变量,运用理论和实证研究相结合的方式找出影响借款人融资成功率和融资成本高低的因素,并提出提高融资成功率和降低融资成本的可行性建议。其次,从资金分散度、资金流动性和资金杠杆率三个方面对网络借贷平台的风险控制水平进行因子分析评价,将影响借贷平台综合评级的因素浓缩为四个公共因子,对平台的风险大小进行综合评分和排名,促使各网络借贷平台通过建立自身风险控制系统以提高自身抵抗风险能力,成为借贷双方愿意交易的安全平台,在此基础上,给予投资者选择优质平台进行投资交易的建议,为网络借贷市场的健康发展提出市场监管建议。
[Abstract]:Peer-to-Peer lending (Peer-to-Peer lending) is an information financial service model based on the Internet, which makes transactions between borrowers and borrowers through online lending platforms. This online lending model originated in western countries, such as Prosper in the United States and Zopa.Prosper and Zopa in the United Kingdom. After decades of development, it has a convenient, fast and friendly operating interface and low and differentiated borrowing rates. In the international P2P network lending field enjoys the highest reputation. Since the establishment of P2P network lending market in China in 2007, a large number of excellent lending platforms have emerged in the past ten years, such as PPDAI, peer-to-peer lending, pleasant loans and so on. Low- and middle-income groups and small and micro enterprises with borrowing needs tend to borrow on a smaller scale, making it relatively difficult for them to borrow from banks. Therefore, new forms of financing, namely P2P network lending, can help them get out of their financing predicament. P2P network lending market is developing rapidly, but it also faces the following three problems: first, borrowers on the online lending platform have relatively low success rate of borrowing; second, The financing cost of the borrowers on the online lending platform is far higher than the interest rate of the bank borrowing in the same period. Thirdly, the rise of the online lending platform, accompanied by the collapse of the risk platform, makes the security of the borrower and investors can not be guaranteed reliably. Well, for investors, it is particularly important to choose a relatively safe network lending platform with a higher comprehensive rating. The P2P network lending market uses the lending platform as an intermediary, and there is serious information asymmetry between the two parties. This leads to lower success rates and higher interest rates. Therefore, reducing the information asymmetry between borrowers and investors has become the focus of the development of online lending market. If borrowers provide better hard information and soft information, they can effectively alleviate the information asymmetry between borrowers and borrowers. Based on the collection and collation of domestic and foreign literature and related theories, this paper takes PPDAI as the research platform of online lending. First of all, the factors that affect the borrower's financing are divided into three variables: the basic information of loan, the hard information and the soft information, and the factors that affect the borrower's financing success rate and financing cost are found out by the combination of theory and empirical research. And put forward the feasibility suggestion of raising the financing success rate and reducing the financing cost. Secondly, factor analysis and evaluation are carried out on the risk control level of the network lending platform from three aspects of capital dispersion, capital liquidity and capital leverage ratio. The factors that affect the comprehensive rating of the lending platform are concentrated into four public factors. The risk scale of the platform is evaluated and ranked synthetically, which urges each network lending platform to establish its own risk control system to improve its ability to resist risks and become a safe platform for both parties willing to trade, and on this basis, To give investors a choice of quality platform for investment trading advice for the healthy development of the online lending market market regulatory advice.
【学位授予单位】：广东工业大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F724.6;F832.4

【参考文献】