Research on the Efficiency of China's P2P Network Lending Platform

摘要

Efficiency is an important manifestation of corporate competitiveness and sustainable development capabilities. In this paper, the efficiency of the sample platform from the Internet financial registration disclosure service platform is calculated and analyzed using the super-efficient SBM model that considers undesired outputs, and found that most of the platforms are in an inefficient state. Among them, the background platform of state-owned assets is relatively high, followed by the private and venture capital background platform. The background of listed companies is relatively low. In terms of geographical distribution, the level of platform efficiency in developed eastern regions is higher than in other regions. Through regression analysis, we found that the operating time, annualized interest rate, average investment period and efficiency are positively correlated. This study has certain implications for the industry to achieve efficient development.