摘要
在借鉴国内外学者成果的基础上,构建一个网贷平台中的"柠檬"模型和"声誉"模型,对平台内存在的"羊群行为"进行分析,并尝试对"赌博式融资"进行探讨,将影响借款人借款成本的因素分为五个特征维度进行实证分析。结果发现,标的特征、信用和地区因素对借款人成本具有显著影响,网贷参与者和网贷平台需警惕可能存在的"赌博式融资"行为。
On the basis of the achievements of scholars home and abroad, we build a network loan platform of ＂lemon＂ model and ＂reputation＂ model, analyze the ＂herd behav- ior＂ inside the platform, try to probe into ＂gambling financing＂, and further empirically study that the factors, which affect the borrowers＇ borrowing costs, can be divided into five characteristic dimensions. This paper proves that the underlying characteristics, credit and regional factors has a significant impact on on the cost of borrowers, and net loan partici- pants and net credit platform need to be alert to possible ＂financing gambling＂ behavior.
出处
《金融经济学研究》
CSSCI
北大核心
2014年第1期37-48,共12页
Financial Economics Research
基金
广西师范大学学术科技创新基金项目
关键词
网络借贷
借贷成本
信息不对称
network lending
borrowing cost
information asymmetry
