关系型、交易型互联网贷款的信贷风险对比研究.docxVIP

关系型、交易型互联网贷款的信贷风险 对比研究 钟世和苗文龙 西安交通大学经济与金融学院中国人民银行西安分 行营业管理部陕西师范大学国际商学院 摘要： 基于波尔顿等的互联网贷款理论模型，以阿里小贷、Kabbage公司、P2P贷款公 司为研究对象，检验了关系型与交易型互联网贷款的信贷风险差异。理论和案例 研究表明：属于关系型互联网贷款的阿里小贷和Kabbage公司，形成了基于电子 商务的互联网贷款模式，其优势在于动态、连续、充分地掌握了电商的经济行为 和资信状况，能迅速准确评估电商的信用风险;而属于交易型互联网贷款的P2P 贷款公司，其实质是传统信贷业务的简单互联网化，不仅无助于化解信息不对 称引发的信贷风险，而且叠加了网络非面对面识别的风险。因此，应参照银行业 监管规则，针对关系型互联网贷款和交易型互联网贷款的风险特征，制定切实 可行的监管细则，实现互联网贷款在风险可控范围内的可持续发展。 关键词： 互联网贷款;交易型互联网贷款;关系型互联网贷款;信贷风险;银行监管; 作者简介：钟世和（1972-），男，西安交通大学经济与金融学院博士研究生， 中国人民银行西安分行营业管理部高级经济师； 作者简介：苗文龙（1977-）,男，陕西师范大学国际商学院副教授。 收稿日期：2017-06-15 Comparative Study onCredit Risk Comparative Study on Credit Risk between Relationship and Transaction Internet Lending ZHONG Shihe MIAO Wenlong School o fEc onomicsandjlnanc e, Xiz an J i ao t ong University; Internatiorml Business School, Shaanxi Normal University; Abstract： This paper, based on theoretical model of internet lending from Bolton s, makes a case study on Ali smal1 loans, Kabbage Company, P2P lending compa ni cs，and exam incs credit risk diffcrc nccs bet wee n rcla tion ship and transaction internet lending. Theory and case study show that Ali small loans and Kabbage Company which belongs to relational Internet lending have formed internet lending pattern based on electronic commerce, and both have an advantage to dynami cally, continuously, suff iciently master cconomic behavior and credit status of electronic commerce, and can quickly, accurately assess credit risk of electronic commerce. However, P2P lending companies which belongs to transactional internet lending essentially is that only simply changed traditional credit business into internet, which not only fai 1 to solve credit risk caused by information asymmctry, but also superimpose risk caused by no face to face recognition. Therefore, we should, based on banking regulatory rules, focusing on the risk characteristics of relationship and transaction internet lending, make feasible regulation rules, in order to make internet lending sustainable develo