北京工商大学学报
(
社会科学版
)摇 摇 摇 摇 2015
年
摇
第
2
期
[
10
]
Herzenstein M
,
Andrews R L
,
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,
et al.
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?
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nants of success in online peer鄄to鄄peer lending communities
[
EB / OL
]
.
(
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) [
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北京工商大学学报
:
社会科学版
,
2013
(
2
):
87 - 94.
An Empirical Study on the Influencing Factors of P2P Borrowers蒺
Financing Availability
:
A Test Based on Structural Equation Model
ZHANG Zhengping
1
, HU Yanan
1
& HU Xialu
2
(
1. School of Economics
,
Beijing Technology and Business University
,
Beijing 100048
,
China
;
2. Epson Technology Co.
,
LTD
,
Shenzhen
,
Guangdong 518057
,
China
)
Abstract
: As a new model of micro credit, the rapid development of P2P (Online Peer鄄to鄄peer Lending) has created a new
financing channel for small鄄micro enterprises and lower income groups, but the limitedfinancing availability of borrowers on P2P
has been bothering itssustainable development and becomes a hot topic. Based on the real transaction data from Prosper. com, this
paper builds a structural equation modeling to empirically test differentinfluencing factors of the borrower蒺s financing availability
on P2P. The findings show that the social capital and financial indicators of borrowers have significant effects on its financing a鄄
vailability, the bidding fromfriends and identitiesof team members have a significant impact on the credibility of the borrowers蒺 so鄄
cial capital, and the credit rating and write鄄downs of borrowers have a significant impact on the credibility of the its financial fac鄄
tors. And such empirical findings have important revelation for the development of P2P.
Key Words
: P2P; financing availability; structural equation model; social capital; financial factors
(
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