The Effects of Social Capital In Chinese Online P2P Lending Market

摘要：

Since 2006, online P2P lending market, which can satisfy the need of microfinance, has had a very fast development in China. In this study, we analyze the transaction data of PPDai in China and investigate the effect of borrowers social capital on loan performance. The empirical results show that in PPDai borrowers social capital can increase bid number of listing and enhance the funding probability, but can not lower the interest rate. The up limit interest rate level and borrowers credit information in PPDai are the two main kinds of factors influencing interest rate a lot Based on the empirical results and the situation of China, we provide some suggestions on how P2P lending market in China should do in future.

关键词： Online P2P Lending Social Capital Loan Performance

作者: Jiaxian Qiu Yun Xu Dongyu Chen Guosheng Zhang

作者单位: School of Economics and Information Engineering Southwestern University of Finance and Economics Chengdu, China

会议类型: 国际会议

会议名称: 2011 International Conference on Innovation and Information Management(2011年IEEE创新与信息管理国际会议 ICIIM2011)

会议地点: 成都

会议语种:英文

页码: 36-40

在线出版日期: 2011-01-14（万方平台首次上网日期，不代表论文的发表时间）