| With the improvement of the traditional financial market and the development of Internet technology,the internet banking relying on internet technology comes into being,which has a new form of realizing functions of financial intermediation and payment.And its main modes include P2P network lending,the third party payment,crowd-funding,big data and so on.The emergence of Internet finance has accelerated the capital flows in the capital market,broken through the limitation of traditional finance,provided a solution to the difficulties of small and medium-sized enterprises loan,sped up the pace of "inclusive" finance,promoted the matching of demand and supply of capital market funds and increased the social benefits.P2P online lending is one of the Internet finance mode,which refers to debit or credit among individuals through Internet.In terms of the intermediary nature of the platform,the P2P network lending platform is not functioned as creditors and debtors,but as intermediate service providers.It mainly provides supply and demand information,matches the information and promotes deals for the lenders to facilitate transactions.The P2P network lending platform achieves direct lending between the individuals through the internet and provides more efficient,faster and more convenient network financial service for the small amount borrowing funds.Zopa,as the first P2P online lending platform,came into being in 2005 in the UK.It has a good development in Europe and the USA,and made an impact on the traditional financial industry.The domestic P2P online lending industry started in 2007,starting relatively late.While from all aspects of the current data and performance,the trend of the domestic P2P online lending industry is no less than foreign regions.In 2013,the domestic the P2P online lending industry has begun a substantial growth.With the development of the P2P online lending and the improvement of the platform,the P2P online lending development is becoming faster and faster.At the same time,the domestic capital market is more volatile,which further promoting the development of the P2P online lending industry.However,with the further development of the platform,the risk is becoming increasingly prominent,the problem of how to measure,reduce,avoid and manage risk becomes one of the most concerned problems in the P2P online lending platforms and has been a hot focused research direction for domestic scholars.The research on the P2P online lending platforms and their risk management are limited,especially in quantitative empirical which mostly are the qualitative analysis on the risk of the P2P online lending platforms.This paper digs the risk of the P2P online lending platforms by using qualitative and quantitative analysis,establishing a model to find out the risk factors and their influence.According to the empirical analysis results,we can reduce the risk and increase the stability of the Internet finance,so as to provide some suggestions and opinions to on the P2P online lending platforms,regulatory authorities,and to achieve the "inclusive" finance safely and healthily.In this paper,through the introduction of P2P lending platform,description of the present situation,introduction of basic link factor,platform data comparison,regression analysis,stock index platform growth rate index regression analysis and providing suggestions,it will systematically describe and analyze the risk of the P2P network lending.Based on the availability and reliability of the data,this paper selects 12 sets of data from June 2015 to May 2016,50 platforms to process the empirical analysis,and put forward relevant policies and suggestions according to the empirical results and description. |
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