【精品文档】400关于我国网络电子借dai借kuan风险管理有关的外文文献翻译成品：在线点对点（P2P）借贷业务中影响平台违约风险的因素：使用中国在线P2P平台数据的实证研究（中英文双语对照）

此文档是毕业设计外文翻译成品（ 含英文原文中文翻译），无需调整复杂的格式下载之后直接可用，方便快捷本文价格不贵,也就几十块钱一辈子也就一次的事 外文标题Factors affecting plat default risk in online peer-to-peer P2P lending business an empirical study using Chinese online P2P plat data 外文作者Yeujun Yoon, Yu Li, Yan Feng 文献出处 Electronic Commerce Research, March 2019, Volume 19, Issue 1, pp 131–158 如觉得年份太老，可改为近2年，毕竟很多毕业生都这样做 5717英文单词，37089字符字符就是印刷符，中文8778汉字。（如果字数多了，可自行删减，大多数学校都是要求选取外文的一部分内容进行翻译的。） Factors affecting plat default risk in online peer-to-peer P2P lending business an empirical study using Chinese online P2P plat data Abstract Most previous literatures focus on the micro level default risk of individual borrowers whereas the plat default risk has not been rigorously studied yet. In this paper, we investigate the factors affecting plat default risk by employing the Chinese online P2P plat data. We find significant evidence that severe competition among plats can increase risky behaviors of plats by allowing riskier borrowers into the system. Some of the risk management devices could alleviate the default risk of plats; however, others are not effective at alleviating the default risks. In addition, we find evidence that macro environment such as stock market condition or increases in speculative investment opportunities plays critical roles to increase the plat default rate. Our study sheds light on the plats’ default risk issues and verifies key factors that influence their risky behaviors. Keywords Online P2P peer-to-peer lending, Online P2P plat, default risk ,Electronic commerce 1Introduction Online peer-to-peer P2P lending business models have developed dramatically over the last decade in providing flexible financing alternatives that complement the retail banking industry. Such lending allows individual borrowers to obtain unsecured microloans from other individuals through online channels without the participation of financial institutions such as banks and credit card companies [61, 77]. With their distinctive benefits, innovative lending business approaches have been contagiously applied across the world from 2005, when the first online plat was introduced in the UK.1 In particular, online P2P plats have become increasingly important lending channels in China, where traditional lending systems do not effectively offer smaller loans to individual borrowers [45]. Online P2P plats have proliferated for the past several years, and the loan volume transacted from these plats exceeded 982 billion RMB in 2015. This skyrocketing expansion of online P2P lending business has resulted in the indiscriminate development of numerous plats. Due to the nature of online P2P business, through which it is difficult for plats to differentiate products from other competitors, there is fierce competition among plats, resulting in the use of risky practices that involve attracting more lenders by allowing u