P2P网络借贷的监管边界:理论探讨与中国的检验  

The Boundary of Regulation of P2P Online Lending:Theoretical Considerations and China's Practices

作　　者：贾丽平[1] 邵利敏[2] 

机构地区：[1]山西财经大学财政金融学院 [2]山西财经大学经济学院

出　　处：《经济社会体制比较》2015年第3期175-184,共10页Comparative Economic & Social Systems

基　　金：国家社会科学基金项目"关于主观资产组合模型的行为金融理论构建与方法研究"(项目编号:11AJY013)

摘　　要：P2P网络借贷的快速崛起得益于我国小额信贷需求规模的不断扩大,市场自由竞争以及信息整合技术和数据挖掘技术的迅速发展。我国P2P网络借贷的发展仍处于早期阶段,不受政府监管的状态导致P2P网络借贷运营风险增加,蕴藏的潜在风险不断聚集。文章构建了P2P网络借贷监管理论,分析了我国P2P网络借贷面临的风险,并采用问卷调查法和主成分分析法,检验网络借贷潜在的五大风险:法律风险、信用风险、操作风险、流动性风险和宏观政策被削弱风险,最后对P2P网络借贷监管机制的构建提出政策建议。The rapid rise of P2P online lending benefited from the expanding demand of microeredit in China. The rapid development of free market competition, the integration of information technology and the data mining technology are also significant factors. The development of P2P online lending in China is still in its early stage. The lack of government regulation leads to increasing operation risks and the concentration of potential risks. This paper constructs a theory of regulation of P2P online lending, analyzes the risk China＇s P＇2P online lending faces, tests five potential risks--legal risk, credit risk, operational risk, liquidity risk and macroeconomic poli- cy weaken risk--by means of questionnaires and a principal component analysis. Finally, the paper puts for- ward policy suggestions on the building of the P2P online lending supervision mechanism.

关 键 词：P2P网络借贷 风险 监管边界 检验 

分 类 号：F83[经济管理—金融学]