摘要
借助“人人贷”的交易数据,研究收入对借款人违约风险以及投资者行为的影响,探究高收入者在网贷市场中借贷的原因。结果显示,高收入者的违约概率反而更高,进一步研究发现,并非是借款人提供了虚假的收入信息,而是借款人隐瞒了征信信息,说明高收入者中高风险(信用较差)的借款人可能无法从正规金融机构获得贷款,因而选择在利率更高的网络借贷平台借贷。同时,高收入借款人的借贷利率更低、借款成功率更高。通过研究借款人的收入在借贷市场中的作用,可为P2P平台防范信用风险、建立合理的信用认证机制提供理论支持。
This paper uses the data of“renrendai”to study the impact of income on borrower default risk and investor behavior,and explores the reasons why high-income people borrow money in P2P lending.The results show that the probability of default for high-income people is higher.Further research finds that the borrower did not provide false income information,but the borrower concealed the credit information,indicating that borrowers with high-income and high-risk could not obtain loans from formal financial institutions,so they choose to lend on higher-interest P2P lending platforms.Borrowers with higher incomes have lower borrowing rates and higher borrowing success rates.This paper provides theoretical support for P2P platforms to prevent credit risk and establish a reasonable credit certification mechanism.
作者
张笑
胡金焱
ZHANG Xiao;HU Jin-yan
出处
《改革》
CSSCI
北大核心
2019年第7期86-95,共10页
Reform
基金
国家自然科学基金面上项目“网络借贷市场风险识别、传染与防控研究:基于复杂网络理论的视角”(71873079)
国家自然科学基金重点项目“民间金融风险:变迁、区域差异与治理研究”(71333009)
