2011年互联网金融外文翻译--P2P网络借贷——文献综述

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1、4800 英文单词， 26500 英文字符 ，中文 8200 字 文献出处： Bachmann A, Becker A, Buerckner D, et al. Online peer-to-peer lending - A literature reviewJ. Journal of Internet Banking & Commerce, 2011, 16(2). Online Peer-to-Peer Lending A Literature Review Alexander Bachmann, Alexander Becker,Daniel Buerckner, Michel Hilk

2、er, Frank Kock, Mark Lehmann ,Phillip Tiburtius Abstract The term online peer-to-peer lending (P2P) describes the loan origination process between private individuals on online platforms were financial institutions operate only as intermediates required by law. Initialized by groups in online social

3、 networks, first commercial online P2P lending platforms started in 2005. Thus online P2P lending is a relatively young research field. This paper gives a brief overview of the P2P lending market and reviews the research on the determinants of P2P lending. We distinguish between financial and demogr

4、aphic characteristics of the borrower, as well as social characteristics like friends and group affiliation. The reviewed literature gives insights on how the determinants affect the borrowers likelihood of successful funding, the final interest rate that has to be paid as well as the relationship o

5、f the borrowers characteristics and lending success. Keywords: Peer-to-Peer Lending; Literature Review; Determinants of Funding Success; Financial Characteristics; Demographic Characteristics; Group Intermediation. INTRODUCTION With the upcoming popularity of online communities in the past decade a

6、new way of loan origination has entered the credit market: online peer-to-peer (P2P) lending. It transfers the old idea of personal credits into the World Wide Web. In this kind of lending model the mediation of financial institutions is not required (Herzenstein et al., 2008; Galloway, 2009). The decision process of loan origination is given into the hand of private lenders and borrowers, and websites like P offer them a platform to engage with each other. Within these platform