地域差异如何影响P2P平台借贷的行为——基于“人人贷”的经验证据

How Regional Differences Affect P2P Lending Behavior—Evidence from Renrendai

本文以人人贷平台的借贷交易数据为样本,分别从各省经济水平、金融生态环境、教育程度和正规金融普及程度等四个角度,考察了地域差异对P2P网络借贷行为的影响。研究结果表明:我国P2P借贷市场上,不同地域之间的借款成功率存在显著的差异,地域歧视已经存在于互联网金融领域。具体而言,经济水平越高、金融生态环境越好、教育程度越高的省份的借款人更容易获得借款;而正规金融普及程度对借款成功率有负向影响,表明P2P网络借贷是正规金融的有效补充。本文的结果为深入理解互联网金融地域歧视背后的原因,以及创造公平和谐的网络借贷环境提供了启示。

Using lending transaction data from Renrendai,this paper empirically examines the impact of regional differences on the P2 P borrowing respectively from four perspectives: the economy level,financial ecological environment,education level and regular financial penetration. The results show that there is a significant discrepancy in the funding success rate among different regions in the domestic P2 P lending market. More specifically,borrowers whose provinces enjoy higher economic level,better financial ecological environment,and higher degree of education are more likely to obtain loans; while the degree of regular financial penetration has a negative impact on the funding success rate,and indicate that the P2 P network lending is an effective complement to the formal finance. The results presented in this paper have some policy implications on how to further understand the cause of the regional discrimination and how to create a harmonious online lending environment.