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研究生:孔麗群
研究生(外文):Li-Cyun Kong
論文名稱:P2P網貸的信用評等研究 -以Lending Club為例
論文名稱(外文):The Credit Rating of Online Peer-to-Peer Lending-Empirical Evidence from Lending Club
指導教授:杜建衡杜建衡引用關係
指導教授(外文):Chien-Heng Du
口試委員:杜建衡胡聯國羅志賢
口試委員(外文):Chien-Heng DuLian-Guo HuChih-Hsien Lo
口試日期:2017-07-05
學位類別:碩士
校院名稱:國立高雄應用科技大學
系所名稱:金融系金融資訊碩士在職專班
學門:商業及管理學門
學類:財務金融學類
論文種類:學術論文
論文出版年:2017
畢業學年度:105
語文別:中文
論文頁數:44
中文關鍵詞:金融創新互聯網融資P2P網路借貸風險控管bivariate probit模型
外文關鍵詞:Financial InnovationInternetFinancingP2P network lendingRisk controlbivariate probit
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由於傳統銀行業者辦理貸款手續繁雜,貸款週期長外,貸款條件苛刻,使得中小企業在資金籌措上產生困難等問題一直難以解套。故對於各國的資金分配有著極不均衡的處置,造成資金運轉效率較低,未能達到物盡其用之功效。從長遠來看,對於社會發展、經濟環境都只會陷入更加惡化的處境。
新興的金融與科技相結合,網路借貸平臺P2P因此應運而生,引起了整個社會的關注,也是全世界的金融業步入另一個新的里程碑。P2P網路借貸平臺的出現,也同時緩解了中小企業融資困難及開拓個人財產保值暨增值的慾望,無疑是一個對於社會有著正向回饋的金融商品。
本文不僅透過介紹英國、美國及中國大陸的P2P網路借貸平臺的發展歷程,了解到目前各國在發展P2P網路借貸所面臨的種種缺失,整理文獻中各專家學者對於此創新金融商品的觀點與解決方案,亦利用Lending club的數據,進行bivariate probit模型分析,並進一步探討P2P平臺的內部管控機制所考慮的因素是否起到關鍵性的判斷基準。本研究認為Lending club的P2P網路借貸平臺的用來控制交易風險的信用評等制度並不能一體適用,必須就個人信貸與中小企業信貸分門別類,將徵信制度建立得更精緻化以杜絕金融舞弊的發生,並期望本篇結論對於未來臺灣P2P網路借貸平臺的發展提供有意義的參考價值。
As the traditional banking industry for the complicated procedures for loans, long loan period, the loan conditions harsh, making small and medium enterprises in the financing difficulties and other issues have been difficult to solve. For the distribution of funds in countries have a very uneven disposal, resulting in lower efficiency of capital operation, failed to achieve its best use of the effect. The economic environment will only fall into a worse situation for the social development in the long run.
Emerging financial and technology, network lending platform P2P came into being, has aroused the attention of the whole society, but also the world's financial industry into another new milestone. P2P network lending platform, but also ease the financing difficulties of SMEs and the development of personal property preservation and value-added desire, is undoubtedly a positive feedback on the social financial products.
This study not only introduces the development process of P2P network borrowing platform in the United Kingdom, the United States and mainland China, but also understands the various deficiencies faced by foreign countries in the development of P2P network borrowing, and the opinions of experts and scholars on this innovative financial products solution. It also use Lending club data, conduct the bivariate probit model analysis, and further explore the P2P platform for internal control mechanism to consider whether the factors play a critical benchmark. This study considers that the credit rating system of Lending club's P2P network borrowing platform used to control transaction risk cannot be applied in one way. It is necessary to classify personal credit and credit of small and medium-sized enterprises and make credit system more refined to eliminate financial fraud happened. And hope that this conclusion for the future development of Taiwan P2P network lending platform to provide meaningful reference.
摘要 I
ABSTRACT II
誌謝 III
目錄 IV
表目錄 V
圖目錄 VI
第一章 緒論 1
1.1研究動機與背景 1
1.2 研究目的 4
1.3研究架構 5
第二章 P2P網路借貸在各國之發展 7
2.1 P2P網路借貸在英國的發展 7
2.2 P2P網路借貸在美國的發展 10
2.3 P2P網路借貸在中國大陸之發展 15
第三章 P2P網路借貸之文獻回顧 18
第四章 實證 23
4.1研究假說 23
4.2資料來源 25
4.3 實證模型 29
4.4實證結果 31
4.4.1 模型1與模型2的實證結果 32
4.4.2 模型3與模型4的實證結果 36
第五章 結論 39
英文參考文獻 40
中文參考文獻 44
英文參考文獻
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中文參考文獻
1.HSIENBLOG,2016,Lending Club個案分析-P2P Lending
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