The Risk Study Of P2P Platform-based On The Probit Model

From 2015,P2 P has the advantage of simply operation and covenant lite.Because of the long-term downturn of real estate market and secondary finance market,P2 P became more and more investors' choice.From 2017,Thousands P2 P platforms had financial issues,even escape and close down.So how to choose an advantage P2 P platform and choose a low risk borrower is the project of this study.We have seven parts in this paper,the first par is introduction,includes research background,research target,research meaning,research methods and some concepts;The second part is correlational research review,includes internet finance concepts and internet finance classify;The third part is including the development of P2 P and the overview of classify.Analysis from the difference of operation pattern,background and regionalism.The fourth part is the important parts in this paper.It's analysis of the personal risk of P2 P.Because of eight percent projects is personal loan,so the personal default risk will impact the fund security of investor,This part mainly discuss the features of P2 P,the risk and the reasons.These are the main risk: personal default risk,convention risk,all internet finance have convention risk.In this paper,choose probit model to analysis the default risk.Because the improper operation of individual or P2 P caused the risk of information leak.Some employee in P2 P sale the information to make a profit;Default risk caused by bad operation or absconding with money;Some P2 P platform will be involved in illegal fund-raising or built capital pool,then investigate by police agency;The risk due to information asymmetry.Through the research,we put forward corresponding measures to avoid these risk.First of all,drawing up and improving the relevant laws.Standardize the set up standard and manage limits;secondly improve investor's safety awareness,investors should be carefully to choose the P2 P plat form,choose the borrower and the subjects.Investor should be choose the different subjects both have long term and short term.To lock in the gain by long term projects,to optimize cash flow by short term projects;We Should built a sound credit reference system to provide the basis for P2 P platform to assess borrower's capacity.