P2P债权市场换手率影响因素研究  

Factor Analysis on Turnover Rate of P2P Lending Market

作　　者：钟媛 ZHONG Yuan(The University of Hong Kong,Faculty of Business and Economics,Hong Kong,999077)

机构地区：[1]香港大学工商管理与经济学院,香港999077

出　　处：《西南交通大学学报（社会科学版）》2020年第2期128-135,共8页Journal of Southwest Jiaotong University(Social Sciences)

摘　　要：P2P是近年较流行的一种泛金融互联网借贷模式,以借款便利、迅速而得到高速发展,并引起实务界和理论界的广泛关注。但大众对其风险认知尚存不足,也缺乏直观的技术判定方法,而P2P关键指标——换手率能够观察一个交易品种的活跃程度及其风险的变化趋势。在综合探究影响换手率因素的基础上,对市场样本数据相关变量进行统计性、相关性和回归分析,并构建实证数据模型分析,发现:利率、信用评级与换手率成负相关,还款期限与换手率成正相关。Peer-to-Peer lending is a new emerging online lending pattern.It has developed rapidly for its convenience and effiency,and has gained much attention from many investors and scholars.However,the public are not fully aware of the underlying risks behind p2p lending and there is lack of a direct and macro technical risk asseesment method.One key factor of p2p market-turnover rate,can indicate the active level and changing pattern and trading products.Starting from researching on factors that could possibly affect the turnover rate,this essay select sample data,conduct statistic,correlation and regression analysis to construct the turnover rate empirical statistical model.The results show that interest rate and credit rating are negatively correlated with the turnover rate,meanwhile maturity is positively correlated with the turnover rate.

关 键 词：P2P 债权市场 换手率 互联网金融 流动性 不确定性风险 风险指标 信息不对称 

分 类 号：F830.91[经济管理—金融学]