我国P2P网贷平台融资效率及其影响因素研究

Financing Efficiency and Influencing Factors of China’s P2P Online Lending Platform

摘要: 自2007年我国首家网贷平台“拍拍贷”在上海注册成立以来，网贷行业经过了10年的快速发展，平台数量以及成交规模上都有了大幅度的提升。截至2018年12月，我国在线运营的P2P网贷平台接近2000家，行业单月成交量达千亿级别。本文基于从网贷之家获取的199家平台在2018年1月至2018年6月的数据，结合DEA-Tobit两阶段研究方法，对网贷平台效率及其影响因素进行了研究。本文的研究在丰富了我国P2P网络借贷研究内容、扩充了DEA-Tobit两阶段研究方法应用范围的同时，也对我国个人投资者、网络借贷平台以及相应监管部门具有一定的借鉴意义。

Abstract: Since the first online loan platform “Pai Pai Dai” was registered and established in Shanghai in 2007, the online loan industry has experienced 10 years of rapid development, and the number of platforms and transaction scale have been greatly improved. As of December 2018, China has nearly 2,000 online P2P lending platforms, with a monthly transaction volume of over 100 billion yuan. In this paper, based on the data of 199 platforms adopted from online loan home from Jan. 2018 to Jun. 2018, and combining with DEA-Tobit two-stage research method, the efficiency of online loan platform and its influencing factors were studied. The research in this paper not only enriches the research content of China’s P2P online lending and expands the application scope of DEA-Tobit two-stage research method, but also has certain reference significance for China’s individual investors, online lending platforms and corresponding regulatory authorities.