P2P网贷融资的运营机制及其有效性特征

发布时间：2018-05-14 10:30

本文选题：PP网贷平台 + 运营机制　；参考：《商业经济研究》2017年08期

【摘要】：在中小企业的网贷融资运营中,投资人与中小企业双方通过P2P平台对融资金额和融资利率投标,如果满足双方条件则可以进行交易,否则退出交易。但这一运营机制由于信息不对称和金融中介的存在,会导致融资成本高、坏账率高,并成为P2P网贷融资成功的约束条件。对中国的拍拍贷、人人贷,美国的Prosper、英国的Zopa进行案例比较,研究发现:尽管这四种典型网贷融资模式都是比较有效的,但从成长性来说,国内模式存在每笔交易成交金额数目小、融资平台的借款利率和坏账率比美国英国的都相对较高的弊端。这表明P2P贷款人群信用等级偏低、对借款人的资信要求低直接影响国内P2P平台融资模式的有效性;着力构建并完善统一的征信系统和有效监管约束机制是推进P2P网贷融资发展的关键。
[Abstract]:In the network loan financing operation of small and medium-sized enterprises, investors and SMEs bid on the financing amount and interest rate through P2P platform, if they meet the conditions of both parties, they can trade, otherwise they can withdraw from the transaction. However, due to the information asymmetry and the existence of financial intermediation, this operation mechanism will lead to high financing cost and high bad debt rate, and become a constraint for the success of P2P network loan financing. A case study of China's PPDAI, Renmin loan, Prospera of the United States and Zopa of the United Kingdom shows that although these four typical online loan financing models are all relatively effective, they are more effective in terms of growth. The domestic model has the disadvantages of small number of transactions per transaction, higher interest rate and bad debt rate of financing vehicles than those of the United States and the United Kingdom. This indicates that the credit rating of P2P loan group is on the low side, and the low credit requirement of the borrower directly affects the validity of the domestic P2P financing model. It is the key to promote the development of P2P loan financing to construct and perfect the unified credit information system and effective supervision and restriction mechanism.
【作者单位】：长沙理工大学经济与管理学院;
【基金】：国家社会科学基金项目“依托国际生产组织推进我国对外投资战略与政策研究”(11CJY095) 湖南省国际经济与国际工程管理研究中心基金课题(16IEPMZ1) 湖南省高校创新平台开放基金项目(14K006)的研究资助
【分类号】：F724.6;F832.4

【相似文献】