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Asia-Pacific Financial Markets

Erschienen in:

01.10.2019

Investor Sentiment and the Return Rate of P2P Lending Platform

verfasst von: Wei Zhang, Yingxiu Zhao, Pengfei Wang, Dehua Shen

Erschienen in: Asia-Pacific Financial Markets | Ausgabe 1/2020

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Abstract

This paper first constructs investor sentiment indices for the P2P lending market. Furthermore, the platform is divided based on five categories according to the P2P lending platform characteristics, such as the background of the platform and different transparency. We adopt a vector autoregressive to study the influence of investor sentiment on the return rate of different type of P2P platforms. The result shows that the platforms with lower transparency, higher return and the background of private are changed in the same direction with the sentiment. Therefore, as an external variable, investor sentiment can predict the stability of P2P lending platforms.

Vorheriger Artikel Hedging Derivatives on Two Assets with Model Risk

Nächster Artikel Capturing the Order Imbalance with Hidden Markov Model: A Case of SET50 and KOSPI50

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The consumer sentiment indexes SMCS are available from University of Michigan’s Survey Research Center and Conference Board, respectively. The FEARS sentiment index SFEARS from July 2004 to December 2011 is available from Zhi Da’s website, http://www3.nd.edu/zda/.

According to transparency, the platforms are divided into high transparency (H_transparency), median transparency (M_transparency), and low transparency (L_transparency); According to the platform background, it can be divided into five categories: Listed platform, State-owned platform, Privately platform, Bank platform, and Venture capital platform; We also divide the P2P lending platform based on those average loan duration, such as large (L), median (M), and low (L); In addition, the platforms are divided into a large number of investors (H), a medium number of investors (M) and a small number of investors (L) according to the number of investor; finally, according to the rate of return, the platforms are divided into high (H), middle (M) and low (L).

https://www.wdzj.com/hjzs/ptsj/20171029/29629-1.html. http://wemedia.ifeng.com/64586533/wemedia.shtml.

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Titel: Investor Sentiment and the Return Rate of P2P Lending Platform
verfasst von: Wei Zhang
Yingxiu Zhao
Pengfei Wang
Dehua Shen
Publikationsdatum: 01.10.2019
Verlag: Springer Japan
Erschienen in: Asia-Pacific Financial Markets / Ausgabe 1/2020
Print ISSN: 1387-2834
Elektronische ISSN: 1573-6946
DOI: https://doi.org/10.1007/s10690-019-09284-2

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