摘要
通过将信息验证机制加入信息不对称下的双边借贷模型，在理论上分析了信息验证机制对于缓解信息不对称的意义。利用“网贷之家”的行业评级数据，对P2P网贷平台的信息验证与借贷效率进行了实证检验。研究结论表明：信息的公开与验证能有效促进P2P网贷平台交易量的提升与人气的聚集。但与预期相悖的是，高水平的流动性未能有效促进平台成交量与人气的提升，反倒是高杠杆水平对于投资者更具吸引力。
This paper explains the meaning of information verification in solving information asymmetry by adding the infor- mation verification mechanism into the bilateral lending model under the information asymmetric environment. And then, it empirically tests information verification and lending efficiency of P2P net lending platform based on the industry rating big data from WDZJ. com. Result shows that the publication and the improvement in transparency of information can efficiently facilitate the trading volume and popularity of the P2P net lending platform. However, contrary to our expectation, there is no obvious correlation between higher level of liquidity and more popularity or trading volume, whereas high levels of lever- age can be attractive to investors.
出处
《软科学》
CSSCI
北大核心
2018年第3期123-127,共5页
Soft Science
关键词
P2P
网络借贷
信息不对称
信息验证
借贷效率
P2P
net lending
information asymmetry
information verification
lending efficiency
