基于羊群效应的P2P网络借贷模式研究被引量：43

Research on Social-type P2P Lending Model Based on Herding Behavior

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摘要 P2P网络借贷模式中信息不对称和无担保特征使得作为非专业投资者的贷款人承受巨大风险,通常贷款人行为会显示出羊群效应。本文通过对P2P大样本数据进行筹集速度模型和多项式Logit市场份额模型建模,发现在P2P网络借贷模型中存在显著的羊群效应。在此基础上本文对影响贷款人借贷的主要因素进行了分析。 Information asymmetry and unsecured features in P2 P lending model make lenders bear tremendous risk as non-professional investors. Usually, the lenders show herding behavior. In this paper, we build raising-speed model and polynomial Logit market share model based on large sample data of lending club to find significant evidence of herding behavior in social-type P2 P lending model. Then the main influence factors on the P2 P lending are also analyzed.

作者吴佳哲

机构地区中信银行股份有限公司总行

出处《国际金融研究》 CSSCI 北大核心 2015年第11期88-96,共9页 Studies of International Finance

关键词羊群效应 P2P网络借贷贷款影响因素 Herding Behavior P2P Online Lending Influence Factors of Lending

分类号 F831 [经济管理—金融学]

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参考文献15

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