信息不对称下互联网金融的柠檬困境——以P2P网络借贷市场为例

发布时间：2018-01-04 15:32

本文关键词：信息不对称下互联网金融的柠檬困境——以P2P网络借贷市场为例　出处：《商业经济研究》2017年22期 　论文类型：期刊论文

【摘要】：作为互联网金融的典型代表,P2P网络借贷是我国传统金融市场的有益补充,也是"普惠金融"的重要组成。然而,出借人作为信息劣势方,与P2P平台和借款人间的信息不对称导致道德风险的广泛存在。在决策时,由于借款人众多且分散,道德风险更难被掌握,出借人会更加注重甄选P2P平台,由此产生了市场分割,形成投资市场与借贷市场的"双市场"。有限理性条件下,出借人受利益驱动选择劣质P2P平台、劣质借款人,导致P2P网络借贷市场的柠檬困境。
[Abstract]:As a typical representative of Internet finance, P2P network lending is a beneficial supplement to the traditional financial market in China, and also an important component of "inclusive finance". However, the lender is the information inferior party. Asymmetric information with P2P platforms and borrowers leads to the widespread existence of moral hazard. In decision-making, moral hazard is more difficult to master because of the number and dispersion of borrowers. Lenders will pay more attention to P2P platform selection, resulting in market segmentation, forming a "double market" between the investment market and the lending market. Under the condition of limited rationality, the lender is driven by interests to choose inferior P2P platform. Inferior borrower, lead to the lemon predicament of P2P network loan market.
【作者单位】：长春工业大学经济管理学院;
【基金】：吉林大学横向课题“第三方高科技信息服务企业的国际竞争环境与机遇研究”
【分类号】：F724.6;F832.4
【正文快照】： 随着互联网金融的日趋活跃,作为互联网金融典型代P2P网贷市场中存在信息不对称已是共识,但关注点表的P2P网络借贷悄然兴起。然而,在P2P网络借贷快速集中在出借人与借款人之间,实际上出借人作为投资人与发展的同时,政策风险、监管风险、信用风险、操作风险P2P平台之间同样存在

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