Two-Way Selection of Venture Capital and P2P Platform

摘要

Venture capital has the special favor to P2P platform.>> style="font-family:""> style="font-family:Verdana;"> style="font-family:Verdana;"> style="font-family:Verdana;">The new rules of network loan make P2P platform operate more standardized. As the problematic platform gradually collapsed, the concentration ratio increased.>> style="font-family:""> style="font-family:Verdana;"> style="font-family:Verdana;"> style="font-family:Verdana;">P2P platform plays a significant role in the alleviation of the SME’s financial problems.>> style="font-family:""> style="font-family:Verdana;"> style="font-family:Verdana;"> style="font-family:Verdana;">What’s more, national policies encourage social innovation and entrepreneurship. So future prospects of P2P platform are worth waiting for.>> style="font-family:""> style="font-family:Verdana;"> style="font-family:Verdana;"> style="font-family:Verdana;">This paper analyzes the motivation and effect on two-way selection of venture capital and P2P platform. Empirical results show that venture capital helps P2P platform spread risk and improve risk matching ability; venture capital can increase the trading volume of platform, which indicates that the two-way selection of venture capital and P2P platform may benefit SMEs’ financing.