摘要
P2P网络借贷行业的双边市场特征推动其逐渐向寡头竞争性垄断的市场结构发展,相对于传统行业,影响P2P网贷平台竞争行为和市场绩效的因素也发生了转变。目前,促进该行业有效竞争的监管策略主要侧重于风险防控。从行业的长期发展来看,现阶段监管策略具有一定的局限性,且过于刚性的监管措施会有损平台竞争活力的激发和社会福利的提升。研究从有效竞争衡量指标及扩展、P2P网贷行业的有效竞争、促进P2P网贷行业有效竞争的监管策略三个方面,对P2P网贷行业相关文献进行梳理评析。结果发现:适用于P2P网贷行业有效竞争衡量的指标有待商榷,对于P2P网贷平台风险防控和监管体系的完善只能在短期内促进行业行为规范化,要实现行业的长期有效竞争和健康发展,需要从产业组织视角对SCP范式①进行扩展和完善,针对具有双边市场特性的行业,制定有别于传统行业的监管策略。
The bilateral market characteristics of P2P online lending industry promote its gradual development to the market structure of oligopoly and competitive monopoly.Compared with traditional industries,the factors affecting the competitive behavior and market performance of the P2P platform have also changed.At present,the regulatory strategies to promote effective competition in this industry mainly focus on risk prevention and control.From the perspective of the long-term development of the industry,the current regulatory strategy has certain limitations,and too rigid regulatory measures will damage the stimulation of platform competition vitality and the promotion of social welfare.This paper reviews and analyzes relevant literature of P2P lending industry from three aspects:effective competition measurement index and expansion,effective competition in P2P lending industry,and regulatory strategies to promote effective competition in P2P lending industry.The results show that:the indicators suitable for measuring effective competition in P2P lending industry are remaining to be discussed.At present,the improvement of risk control and supervision system for Peer-to-peer lending can only promote industry in the short term.In order to achieve the long-term effective competition and healthy development of the industry,it is necessary to expand and improve the SCP paradigm from the perspective of industrial organization,and formulate regulatory strategies different from traditional industries for industries with bilateral market characteristics.
作者
姜琪
王璐
JIANG Qi;WANG Lu(School of Public Administration,Shandong University of Finance and Economics,Jinan,Shandong 250014,China)
出处
《金融教育研究》
2019年第5期3-12,共10页
Research of Finance and Education
基金
国家社会科学基金青年项目“中国P2P网络借贷行业的有效竞争及实现路径研究”(16CJY077)
关键词
P2P网贷
有效竞争
风险防控
监管策略
peer-to-peer lending
effective competition
risk prevention and control
strategies of supervision
