Research On The Financial Risk Warning Model Of P2P Lending Platform

With the continuous development of Internet technologies such as big data and cloud computing,the traditional industries in our country have continuously begun to integrate with the Internet.As an important component of Internet finance,P2 P online loan is a product of the combination of traditional private lending and the Internet.With the characteristics of low threshold and high turnover,P2 P online loan has developed rapidly in recent years.The number of the online loan platforms grew from one in 2007 to 1931 at the end of 2017.There is a huge potential risk behind such rapid development.A large number of problem platforms have gradually emerged in the rapid development of the industry.By the end of 2017,a total of 4,039 problem platforms have emerged.The emergence of so many problem platform has seriously affected the healthy development of the P2 P online loan industry.These problems are often caused by illegal operation or other influencing factors.Under such a severe situation,it is necessary to identify and warn the financial risks of the P2 P network lending platform,so as to carry out management and control to promote the healthy and stable development of the P2 P online loan industry,which is also the significance of this paper.First of all,this paper defines the related concepts of the financial risk of the P2 P online loan platform,and reviews the related domestic and foreign literature,which lays a theoretical foundation for the following research.Secondly,based on the analysis of the development history and status quo of China's P2 P online loan platform,this paper comprehensively analyzes the financial risks of the P2 P online loan platform.Then,this paper uses factor analysis method to measure the financial risk of forty P2 P online loan platforms based on CAMELS evaluation index system.Finally,based on the results of factor analysis,this paper constructs a logistic financial risk warning model.The study finds that:(1)The financial risks of the P2P online loan industry mainly include capital risk,asset quality risk,liquidity risk and profitability risk.With the development of the online loan industry,profitability risk has gradually become the main risk of the online loan platform.(2)Based on CAMELS evaluation index system,the logistic financial risk warning model established in this paper can effectively predict the financial risks of several P2 P online loan platforms.