Internet Financial Risks and Investors’Risk Awareness--Evidence from Transaction Data of Online Lending Platforms
作者机构:China Center for Economic StudiesFudan UniversityChina
出 版 物:《China Finance and Economic Review》 (中国财政与经济研究(英文))
年 卷 期:2019年第8卷第3期
页 面:59-74页
学科分类:0202[经济学-应用经济学] 02[经济学] 020205[经济学-产业经济学]
主 题:online P2P lending problematic platforms market risk risk awareness
摘 要:For the first time,this paper uses the operation data of 575 online P2P lending platforms to test whether investors have a strong risk awareness of online lending *** is found that investors’behavior shows a certain risk awareness,both for the individual risk of specific platforms and for the overall market risk of the *** the one hand,raising interest rates and shortening the term does attract more investment,but for potentially problematic platforms,the effect of attracting investment is significantly worse,with excessive interest rates on the platforms even causing investors to invest *** the other hand,when there are more online lending platforms in the market,investors will behave more cautiously.