| P2P is short for "peer-to-peer" or "person to person". In financial industry, p2p means point to point credit, and the amount of these transaction are usually small. The Online P2P Lending Platform comes from the combination of internet and private lending. It can help build the lending relationship between individuals and individuals.In recent years, the internet finance has achieved a rapid growth with the development of internet and modern communication technology, especially for the P2P lending, internet mobile payment and the crowd-funding. According to the home of net credit. As of December 31,2015, net lending industry accumulated operating platform number has reached 2595, the cumulative volume has reached 1.495615 trillion yuan. Traditional financial forms are being impacted by the value creation mode and unique business model of Internet finance. And there are more and more scholars, government regulators, financial management department began to keep a watchful on the Internet finance. But due to the unbalancing relationship in the economic development of our Country's east part and west partisan. The scale, growth rate and many other factors of different regions present different features. As of December 31,2015, based on the number of operations, the top three provinces are Guangdong, Shandong, Beijing respectively. Besides, only these three areas occupies the 42.66% of the total number of platforms, this suggests that the P2P network credit industry are more centralized. Besides, there are many P2P network credit platform closed down in every region, it is urgent for us to find out a way to improve the efficiency and control the risk.This study based on the DEA model to analyze the efficiency of the P2P network credit platform organized by local. Then use the entropy method to evaluate the risk of each region. This study includes the following content. The first chapter is the introduction part, mainly explains the background and significance of the topic, after summarizing the previous related research, proposed the research ideas and methods. The second part outlined the P2P network industry, including the concept and significance of the P2P network credit platform, the history and the present situation of the industry, the main operating model of P2P platform domestic, and the future development directions. The third chapter is the empirical part of this. article, we selected some P2P network platforms domestic which are the top seven areas, including Guangdong, Beijing, Shanghai, Shandong, Zhejiang, Hubei, and Sichuan. Selecting average interest rate and loan term as input indicators, trading volume and the number of investment/loan as output indicators, using DEA model to compute the operating efficiency of the 140 samples, and then calculate the average of the regional comprehensive technical efficiency. Then use the entropy method to evaluate the risk of each region, after that, based on the efficiency as well as the risk, ranking these regions. The last chapter of this paper is the results and outlook, based on the empirical research of this paper, summarize the existing problem and look far ahead into the future direction.The healthy development of the P2P network credit industry, consider not only the efficiency, but also the potential risks. Through empirical research in this article, make the following proposals. Firstly, in the areas of Branding, the platform should maintain a good image and reputation, which help the platform attract quality borrowers and investors. Secondly, the platform should determine a reasonable return based on their liabilities and assets. Increasing the benefits blindly is not good for the long-term developing. Besides, the supervision organization should strengthen supervision to the demolition of the standard, prevent the liquidity risk caused by the demolition of the standard. Through cooperating with bank financial institutions, funding users' capital or risk reserve of the platform. |
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