信用担保介入对小微企业P2P网络融资行为的影响

摘要

为了分散风险，许多P2P网络借贷平台寻求与第三方担保公司合作。通过建立担保机构、P2P网贷平台以及小微企业三者之间的动态博弈模型，分析担保机构的介入对小微企业P2P 网络融资行为的影响：信用担保机构的介入增加了P2P 平台的期望收益，分散了P2P 平台承担的风险，有利于平台为小微企业提供融资服务；同时，良好的企业信用水平能促使担保机构与P2P网络融资平台合作，共同服务于小微企业融资。%In order to spread risk, many P2P network lending platforms seek to cooperate with third-party security com⁃pany. This paper analyzes the impact of intervention of guarantee institutions on the financing behavior of P2P network for small and micro enterprises by establishing a dynamic game model among guarantee institutions, P2P network lending platform and small and micro enterprises:the intervention of credit guarantee institutions can increase the expectation of P2P platform and spread the risk of P2P platform, which is more conducive to provide financing services for small and micro enterprises;at the same time, a good enterprise credit level can promote the cooperation between the P2P network financing platform and credit guarantee cooperation to serve the financing of small and micro enterprises.