| A recent popular online lending pattern, which is called Peer-to-Peer lending, is a new pattern of finance. It uses the third party network platform as medium, providing the information of the borrowers and lenders, tides the two part together. The borrowers who need money submit the application on the platform, waiting the investor who have the demand for investment bidding for the lending project. Debtors and creditors determine the price freely, and finally reach a deal. The first P2 P platform Zopa is founded in England in 2005. After that, more and more P2 P online lending platforms appear in other countries in the world. The P2 P market has enjoyed a very rapid development in China since 2013. According to the data from institution, China has already replaced America as the greatest P2 P trading market. The appearance of P2 P has completed the traditional finance, which gives more choices to micro businesses and individuals, as well as investors who prefer to higher returns. The P2 P business starts late in our country, and it is now in a state of fast development. However, it also exposes lots of problems, such as the lack of supervision, run away of the P2 P, illegal fund raising. The research in our country is mostly based on legal supervision and business model, while pays less concerns on the efficiency of P2 P platforms. Charnes, Coopor and Rhodes put forward a theory of Data Envelopment Analysis, which can be used to evaluate the relative efficiency of department with similar features. In this essay, the author uses the Data Envelopment Analysis to evaluate the efficiency of P2 P platforms in our country, in order to find out whether the P2 P platforms in China are operating efficiently or not. |
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