2.2 近期的实证研究

Guo (2011)收集拍拍贷从2008年8月25日到2010年5月15日16766的交易记录来研究了P2P借贷融资成本和融资可用性。最后得出六个相关结论：（1）融资成本与信用评分和借贷金额有关；（二）融资成本、历史流量标准和中标总数量关系密切，（三）借款方式对借贷成本没有显著的影响；（四）融资的可能性与借款人的信用评级，历史成功的数量和中标总数相关；（五）融资的可能性与借款期限和借款金额负相关；（六）社会资本的存在可以有效地提高信贷的可用性。

也有一些通过问卷调查和个案研究得出关于P2P借贷行为的影响因素的结论：借款人的贷款信息，认证数据对借款利率显著的影响，利率和借款金额意义，但由于数量较小，对借贷行业的发展几乎没有用处（Li，2011）。在关于如何提高投资者投资的角度产量的研究上，通过开发和组合投资者的行为信息和借款人的信用信息，罗（2012）建立了一个定量的贷款评估和投资决策模型，从三个方面：即投资者结构，借款人信用风险和信息来源来进行综合分析，它可以帮助投资者做出投资决策。

我们可以从以上的研究分析可以得出，我国在P2P借贷行业的理论研究主要集中在不同的P2P网络信贷平台、制度建设和风险研究等方面。国内的实证研究，由于起步相对较晚和不够公开的数据，目前只有少数学者进行相关引用。但随着P2P借贷行业的快速发展，国内研究也应该跟上发展的步伐。首先，我们应在现有的研究基础上，做出必要的扩展和深入发展。如从网络用平台的运行机制的内部治理问题，深入研究风险控制、交易安全和效率等方面。其次，在研究方法方面也应该有所提高，多采用定量分析方法，并针对不同的问题采取有不同的方法。第三是扩大视研究角度，P2P网络借贷行业本身是多学科结合的产物，对这些问题的研究，需要用更广阔的视野，拓展研究面。

外文文献出处：附外文文献原文:

An Overview Study on P2P Lending

Abstract ：Recent years have seen a boom in small private loans Once developed, P2P lending quickly spread to all countries. This article gives an overview study on the research development of the P2P lending from the theoretical and empirical literature on P2P lending at home and abroad

Key words:

P2P; Internet lending; Information a symmetry; System analysis

INTRODUCTION

With the help of the internet which is much more convenient, fast and transparent than the traditional ways, P2P lending network was born at the right time when small and micro credit was boosted with the high demand of capital flow in middle and small-sized enterprises and the high threshold of bank’s loan. P2P lending network is one of the small and micro credit patterns which rely on internet technology to complete the debit and credit through the P2P web community communication platform. Usually the borrowers are inpiduals and mid-small size companies as well as smaller  investors who have insufficient money and limited investment channels. These convenient, fast, transparent and direct small credit transactions originated from England and soon spread across countries and are now accepted by all kinds of small lenders and borrowers who have problems in investment and loans.

All kinds of credit network platforms have sprung up as P2P emerged, followed by endless discussions and research. The domestic and foreign research on P2P credit network mainly concentrated on the following several aspects.

1.THE RELATED RESEARCH WORK ABROAD

On October 2, 1983, Mr Yunus started the Grameen Bank to offer micro loans to the poor, starting a new page for micro loans bank. The following decades have witnessed the vigorous development of the Micro-credit companies, coupled with  the booming and popularization of Internet technology. Micro credit is no longer a “off-line” mode as the “online” mode emerged. And traditional banks require companies to have high credit rating which fails the small micro enterprises so that they have to transfer into P2P credit network market, also contributing to the development of the certain market (Agarwal and Hauswald, 2008). P2P lending provides not only a lending mode that those companies need, but also a new option for inpiduals investors except for saving and traditional ways of investment (Slavin, 2007).