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題名 台灣P2P網路借貸之研究
A study of peer-to-peer lending in Taiwan作者 鍾郁婕
Chung, Yu Chieh貢獻者 張興華
鍾郁婕
Chung, Yu Chieh關鍵詞 P2P 網路借貸
借貸平台
網路替代金融
Peer-to-peer lending
Lending platform
Online alternative finance日期 2016 上傳時間 10-Aug-2017 09:46:37 (UTC+8) 摘要 P2P 網路借貸是近年快速發展的新興產業,也是目前全球網路替代金融 市場最為活絡的項目之一,其主要概念為透過網路平台直接實現個人一對一 或一對多的資金借貸服務。台灣的 P2P 網路借貸直到 2016 年才開始起步, 本文以台灣目前成立的三家 P2P 網路借貸平台為出發點,從平台的商業模 式與申貸數據進行分析,試圖以台灣 P2P 網路借貸的發展現況,找出 P2P 網路借貸在台灣的機會與挑戰。本文發現目前台灣 P2P 網路借貸產業的主要客群為信用評等位在中間 階層的借款者,推論目前台灣 P2P 網路借貸對於金融產業是補充關係多於 競爭關係,此種補充角色為投資者與借款者帶來更多選擇,加上台灣有足夠 成熟的徵信環境,可視為此產業的發展機會。但目前台灣的法律規範使得 P2P 網路借貸平台的發展受限,同時現有模式存在的風險也未受到明確的規 範,將會是未來發展所面臨的一大挑戰。
Peer-to-peer lending is one of the most active financial services in the online alternative finance industry and has grown rapidly in the last few years. The main idea of P2P lending is to realize lending without the financial institutions through online platforms. In Taiwan, P2P lending market is just in the early stage in 2016. This thesis analyzes the business models and data of three Taiwan’s P2P lending platforms. Try to find out what are the opportunities and challenges for developing P2P lending industry in Taiwan.The study found that the main borrowers on Taiwan’s P2P lending platforms are people with medium level of credit rating. It could be inferred that P2P lending industry so far acts as a supplementary role more than as a competitor in Taiwan’s financial market. The supplementary role of P2P lending platforms provides more options for investors and borrowers. In addition, the credit reporting industry in Taiwan is well-developed. They are both the opportunities for P2P lending industry. However, current regulations limit the development of P2P lending and the risks from the current business models are not clearly regulated. It will be a challenge for developing P2P lending in the future.參考文獻 秦賦融（2015）。P2P網路個人借貸之研究。國立臺灣大學，國際企業學研究所，台北市。陳松興、江俊豪（2016）。中國大陸互聯網金融之網路借貸 (Peer-to-Peer lending)發展對台灣數位金融之影響研究—以風險監理角度。兩岸金融季刊，第4卷，第1期，頁103-115。彭采薇（2015）。借鏡Lending Club:台灣發展P2P借貸之關鍵因素。台北市：經濟部技術處/資策會。葉湘榕（2014）。P2P借貸的模式風險與監管研究。金融監管研究院，第27期，頁71-82。 趙毓馨（2015）。群眾募資法制之研究-以P2P借貸及股權模式群眾募資平台為中心。國立政治大學，法律學系，台北市。劉彥佐（2015）。由中國P2P借貸平台產業分析探討其未來發展及台灣之因應。國立臺灣大學，國際企業學研究所，台北市。劉彩卿、方珍玲、陳欽賢、林婷鈴、杜怡靜、汪志勇、⋯宋元馨（2015）。非銀行業辦理金融業務之國外發展趨勢及因應之道。金融研究發展基金管理委員會一○四年度委託研究報告(計畫編號：104-02)。蘇鈺婷（2016）。P2P借貸在臺灣發展之前景。國立臺灣大學，財務金融研究所，台北市。中商情報網，國內外P2P貸款利率定價模式比較分析，上網日期2016年5月25日，檢自：http://big5.askci.com/news/2016/01/11/1652109hbz.shtml中國平安，陸金所P2P模式有哪些獨到之處？，上網日期2016年12月9日，檢自：http://chaoshi.pingan.com/zixun/article/p-4467.shtml金管會對於國內網路借貸平臺發展現況之說明，上網日期2016年12月5日，檢自：http://www.fsc.gov.tw/ch/home.jsp?id=96&parentpath=0,2&mcustomize=news_view.jsp&dataserno=201604140004&aplistdn=ou=news,ou=multisite,ou=chinese,ou=ap_root,o=fsc,c=tw&dtable=News陳賢澔，Lending Club 個案分析 – P2P Lending，上網日期2016年12月9日，檢自：https://hsienblog.wordpress.com/2016/08/10/lending-club-個案分析/張小玫、周意婷，全美規模最大P2P網路借貸平台─Lending Club (2006~ )，上網日期2016年12月9日，檢自：http://iknow.stpi.narl.org.tw/post/Read.aspx?PostID=12757壹讀，拍拍貸：新規之下，這個讓人又愛又恨的平台，上網日期2016年12月9日，檢自：https://read01.com/4OPRM.html壹讀，中信證券：陸金所霸占線上理財近30%份額，上網日期2016年12月9日，檢自：https://read01.com/QaG3Ka.html蔡曜蓮，三大投資高手公開P2P煉金術，上網日期2016年12月5日，檢自：http://www.businesstoday.com.tw/article-content-80401-156711-三大投資高手%20公開P2P煉金術?page=4盧沛樺，網路借錢P2P泡沫來了，上網日期2016年12月5日，檢自：http://www.cw.com.tw/article/article.action?id=5076413韓化宇，P2P查聯徵資料擬開放，上網日期2016年12月5日，檢自：http://money.udn.com/money/story/5613/2089294Bachmann, A., Becker, A., Buerckner, D., Hilker, M., Kock, F., Lehmann, M., and Tiburtius, P.(2011). Online Peer-to-Peer Lending – A Literature Review. Journal of Internet Banking and Commerce. Vol. 16, No.2, pp.7-13.Barasinska, N. (2009). The Role of Gender in Lending Business : Evidence from an Online Market for Peer-to-Peer Lending. The New York Times. Berlin.Borello, G., Crescenzo, V. D. and Pichler, F. (2015). The Funding Gap and The Role of Financial Return Crowdfunding：Some Evidence From European Platforms. Journal of Internet Banking and Commerce. Vol. 20, No.1, pp. 1-20. Freedman, S., and Jin, G.Z. (2008). Do Social Networks Solve Information Problems for Peer-to-Peer Lending? Evidence from Prosper. com. Working Papers. College Park, MD: NET Institute. Retrieved from http://en.ccer.edu.cn/download/6641-1.pdfGreiner, M. E., and Wang, H.(2009). The Role of Social Capital in People-to-People Lending Marketplaces. Thirtieth International Conference on Information Systems, p. 18. Phoenix: Association for Information Systems.Herrero-Lopez, S. (2009). Social Interactions in P2P Lending. Proceedings of the 3rd Workshop on Social Network Mining and Analysis (pp. 1–8). Paris: ACM. Retrieved from http://portal.acm.org/citation.cfm?id=1731011.1731014Herzenstein, M., Andrews, R. L., Dholakia, U. M., & Lyandres, E. (2008). The Democratization Of Personal Consumer Loans? Determinants Of Success In Online Peer-To-Peer Lending Communities. Online. Newark, DE ; Houston, TX.Iyer, R., Khwaja, A. I., Luttmer, E. F. P., and Shue, K. (2009). Screening in New Credit Markets Can Individual Lenders Infer Borrower Creditworthiness in Peer-to-Peer Lending? Management. Cambridge, MA.?Klafft, M. (2008). Peer to Peer Lending: Auctioning Microcredits over the Internet. Proceedings of the 2008 Int’l Conference on Information Systems, Technology and Management (pp. 1-8). Dubai: IMT. Retrieved from http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1352383 Kirby, E., and Worner, S. (2014). Crowd-funding: An Infant Industry Growing Fast, IOSCO Research Department.Pope, D. G., and Sydnor, J. R. (2008). What’s in a Picture? Evidence of Discrimination from Prosper. com. Journal of Human Resources. Philadelphia, PA. Retrieved from http://scholar.google.com/scholar?hl=en&btnG=Search&q=intitle:What?s+in+a+Picture?+Evidence+of+Discrimination+from+Prosper#0Ravina, E. (2007). Beauty, Personal Characteristics, and Trust in Credit Markets. papers.ssrn.com. New York, NY. Retrieved from http://papers.ssrn.com/sol3/papers.cfm?abstract_id=972801University of Cambridge, Cambridge Judge Business School, Cambridge Centre for Alternative Finance (2016a).The Americas Alternative Finance Benchmarking Report.University of Cambridge, Cambridge Judge Business School, Cambridge Centre for Alternative Finance (2016b). The 2ND European Alternative Finance Report.University of Cambridge, Cambridge Judge Business School, Cambridge Centre for Alternative Finance (2016c). The Asia-Pacific Alternative Finance Benchmarking Report.University of Cambridge, Cambridge Judge Business School, Cambridge Centre for Alternative Finance (2016d). The 2015 UK Alternative Finance Industry Report.World Bank Group(2014). Doing Business 2015: Going Beyond Efficiency. World Economic Forum and Deloitte (2015). The Future of Financial Services – How disruptive innovations are reshaping the way financial services are structured, provisioned and consumed. 描述 碩士
國立政治大學
金融學系
103352003資料來源 http://thesis.lib.nccu.edu.tw/record/#G0103352003 資料類型 thesis dc.contributor.advisor 張興華 zh_TW dc.contributor.author (Authors) 鍾郁婕 zh_TW dc.contributor.author (Authors) Chung, Yu Chieh en_US dc.creator (作者) 鍾郁婕 zh_TW dc.creator (作者) Chung, Yu Chieh en_US dc.date (日期) 2016 en_US dc.date.accessioned 10-Aug-2017 09:46:37 (UTC+8) - dc.date.available 10-Aug-2017 09:46:37 (UTC+8) - dc.date.issued (上傳時間) 10-Aug-2017 09:46:37 (UTC+8) - dc.identifier (Other Identifiers) G0103352003 en_US dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/111744 - dc.description (描述) 碩士 zh_TW dc.description (描述) 國立政治大學 zh_TW dc.description (描述) 金融學系 zh_TW dc.description (描述) 103352003 zh_TW dc.description.abstract (摘要) P2P 網路借貸是近年快速發展的新興產業,也是目前全球網路替代金融 市場最為活絡的項目之一,其主要概念為透過網路平台直接實現個人一對一 或一對多的資金借貸服務。台灣的 P2P 網路借貸直到 2016 年才開始起步, 本文以台灣目前成立的三家 P2P 網路借貸平台為出發點,從平台的商業模 式與申貸數據進行分析,試圖以台灣 P2P 網路借貸的發展現況,找出 P2P 網路借貸在台灣的機會與挑戰。本文發現目前台灣 P2P 網路借貸產業的主要客群為信用評等位在中間 階層的借款者,推論目前台灣 P2P 網路借貸對於金融產業是補充關係多於 競爭關係,此種補充角色為投資者與借款者帶來更多選擇,加上台灣有足夠 成熟的徵信環境,可視為此產業的發展機會。但目前台灣的法律規範使得 P2P 網路借貸平台的發展受限,同時現有模式存在的風險也未受到明確的規 範,將會是未來發展所面臨的一大挑戰。 zh_TW dc.description.abstract (摘要) Peer-to-peer lending is one of the most active financial services in the online alternative finance industry and has grown rapidly in the last few years. The main idea of P2P lending is to realize lending without the financial institutions through online platforms. In Taiwan, P2P lending market is just in the early stage in 2016. This thesis analyzes the business models and data of three Taiwan’s P2P lending platforms. Try to find out what are the opportunities and challenges for developing P2P lending industry in Taiwan.The study found that the main borrowers on Taiwan’s P2P lending platforms are people with medium level of credit rating. It could be inferred that P2P lending industry so far acts as a supplementary role more than as a competitor in Taiwan’s financial market. The supplementary role of P2P lending platforms provides more options for investors and borrowers. In addition, the credit reporting industry in Taiwan is well-developed. They are both the opportunities for P2P lending industry. However, current regulations limit the development of P2P lending and the risks from the current business models are not clearly regulated. It will be a challenge for developing P2P lending in the future. en_US dc.description.tableofcontents 第一章 緒論 1第一節 研究動機 1第二節 文獻回顧 2第二章 P2P網路借貸之介紹 6第一節 P2P網路借貸的興起與發展 6第二節 P2P網路借貸平台之商業模式 8第三節 P2P網路借貸平台利率定價方式 11第四節 全球主要P2P借貸平台之介紹 12第三章 台灣P2P網路借貸發展現況 20第一節 現有的P2P平台介紹 20第二節 平台申貸案件現況 28第三節 台灣P2P平台模式存在之風險 35第四節 小結 36第四章 台灣P2P網路借貸之機會與挑戰 38第一節 台灣個人信貸市場現況 38第二節 P2P網路借貸與其他投資商品之比較 40第三節 台灣徵信環境 42第四節 台灣監管現況 43第五節 小結 44第五章 結論 46參考文獻 48 zh_TW dc.format.extent 813283 bytes - dc.format.mimetype application/pdf - dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0103352003 en_US dc.subject (關鍵詞) P2P 網路借貸 zh_TW dc.subject (關鍵詞) 借貸平台 zh_TW dc.subject (關鍵詞) 網路替代金融 zh_TW dc.subject (關鍵詞) Peer-to-peer lending en_US dc.subject (關鍵詞) Lending platform en_US dc.subject (關鍵詞) Online alternative finance en_US dc.title (題名) 台灣P2P網路借貸之研究 zh_TW dc.title (題名) A study of peer-to-peer lending in Taiwan en_US dc.type (資料類型) thesis en_US dc.relation.reference (參考文獻) 秦賦融（2015）。P2P網路個人借貸之研究。國立臺灣大學，國際企業學研究所，台北市。陳松興、江俊豪（2016）。中國大陸互聯網金融之網路借貸 (Peer-to-Peer lending)發展對台灣數位金融之影響研究—以風險監理角度。兩岸金融季刊，第4卷，第1期，頁103-115。彭采薇（2015）。借鏡Lending Club:台灣發展P2P借貸之關鍵因素。台北市：經濟部技術處/資策會。葉湘榕（2014）。P2P借貸的模式風險與監管研究。金融監管研究院，第27期，頁71-82。 趙毓馨（2015）。群眾募資法制之研究-以P2P借貸及股權模式群眾募資平台為中心。國立政治大學，法律學系，台北市。劉彥佐（2015）。由中國P2P借貸平台產業分析探討其未來發展及台灣之因應。國立臺灣大學，國際企業學研究所，台北市。劉彩卿、方珍玲、陳欽賢、林婷鈴、杜怡靜、汪志勇、⋯宋元馨（2015）。非銀行業辦理金融業務之國外發展趨勢及因應之道。金融研究發展基金管理委員會一○四年度委託研究報告(計畫編號：104-02)。蘇鈺婷（2016）。P2P借貸在臺灣發展之前景。國立臺灣大學，財務金融研究所，台北市。中商情報網，國內外P2P貸款利率定價模式比較分析，上網日期2016年5月25日，檢自：http://big5.askci.com/news/2016/01/11/1652109hbz.shtml中國平安，陸金所P2P模式有哪些獨到之處？，上網日期2016年12月9日，檢自：http://chaoshi.pingan.com/zixun/article/p-4467.shtml金管會對於國內網路借貸平臺發展現況之說明，上網日期2016年12月5日，檢自：http://www.fsc.gov.tw/ch/home.jsp?id=96&parentpath=0,2&mcustomize=news_view.jsp&dataserno=201604140004&aplistdn=ou=news,ou=multisite,ou=chinese,ou=ap_root,o=fsc,c=tw&dtable=News陳賢澔，Lending Club 個案分析 – P2P Lending，上網日期2016年12月9日，檢自：https://hsienblog.wordpress.com/2016/08/10/lending-club-個案分析/張小玫、周意婷，全美規模最大P2P網路借貸平台─Lending Club (2006~ )，上網日期2016年12月9日，檢自：http://iknow.stpi.narl.org.tw/post/Read.aspx?PostID=12757壹讀，拍拍貸：新規之下，這個讓人又愛又恨的平台，上網日期2016年12月9日，檢自：https://read01.com/4OPRM.html壹讀，中信證券：陸金所霸占線上理財近30%份額，上網日期2016年12月9日，檢自：https://read01.com/QaG3Ka.html蔡曜蓮，三大投資高手公開P2P煉金術，上網日期2016年12月5日，檢自：http://www.businesstoday.com.tw/article-content-80401-156711-三大投資高手%20公開P2P煉金術?page=4盧沛樺，網路借錢P2P泡沫來了，上網日期2016年12月5日，檢自：http://www.cw.com.tw/article/article.action?id=5076413韓化宇，P2P查聯徵資料擬開放，上網日期2016年12月5日，檢自：http://money.udn.com/money/story/5613/2089294Bachmann, A., Becker, A., Buerckner, D., Hilker, M., Kock, F., Lehmann, M., and Tiburtius, P.(2011). Online Peer-to-Peer Lending – A Literature Review. Journal of Internet Banking and Commerce. Vol. 16, No.2, pp.7-13.Barasinska, N. (2009). The Role of Gender in Lending Business : Evidence from an Online Market for Peer-to-Peer Lending. The New York Times. Berlin.Borello, G., Crescenzo, V. D. and Pichler, F. (2015). The Funding Gap and The Role of Financial Return Crowdfunding：Some Evidence From European Platforms. Journal of Internet Banking and Commerce. Vol. 20, No.1, pp. 1-20. Freedman, S., and Jin, G.Z. (2008). Do Social Networks Solve Information Problems for Peer-to-Peer Lending? Evidence from Prosper. com. Working Papers. College Park, MD: NET Institute. Retrieved from http://en.ccer.edu.cn/download/6641-1.pdfGreiner, M. E., and Wang, H.(2009). The Role of Social Capital in People-to-People Lending Marketplaces. Thirtieth International Conference on Information Systems, p. 18. Phoenix: Association for Information Systems.Herrero-Lopez, S. (2009). Social Interactions in P2P Lending. Proceedings of the 3rd Workshop on Social Network Mining and Analysis (pp. 1–8). Paris: ACM. Retrieved from http://portal.acm.org/citation.cfm?id=1731011.1731014Herzenstein, M., Andrews, R. L., Dholakia, U. M., & Lyandres, E. (2008). The Democratization Of Personal Consumer Loans? Determinants Of Success In Online Peer-To-Peer Lending Communities. Online. Newark, DE ; Houston, TX.Iyer, R., Khwaja, A. I., Luttmer, E. F. P., and Shue, K. (2009). Screening in New Credit Markets Can Individual Lenders Infer Borrower Creditworthiness in Peer-to-Peer Lending? Management. Cambridge, MA.?Klafft, M. (2008). Peer to Peer Lending: Auctioning Microcredits over the Internet. Proceedings of the 2008 Int’l Conference on Information Systems, Technology and Management (pp. 1-8). Dubai: IMT. Retrieved from http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1352383 Kirby, E., and Worner, S. (2014). Crowd-funding: An Infant Industry Growing Fast, IOSCO Research Department.Pope, D. G., and Sydnor, J. R. (2008). What’s in a Picture? Evidence of Discrimination from Prosper. com. Journal of Human Resources. Philadelphia, PA. Retrieved from http://scholar.google.com/scholar?hl=en&btnG=Search&q=intitle:What?s+in+a+Picture?+Evidence+of+Discrimination+from+Prosper#0Ravina, E. (2007). Beauty, Personal Characteristics, and Trust in Credit Markets. papers.ssrn.com. New York, NY. Retrieved from http://papers.ssrn.com/sol3/papers.cfm?abstract_id=972801University of Cambridge, Cambridge Judge Business School, Cambridge Centre for Alternative Finance (2016a).The Americas Alternative Finance Benchmarking Report.University of Cambridge, Cambridge Judge Business School, Cambridge Centre for Alternative Finance (2016b). The 2ND European Alternative Finance Report.University of Cambridge, Cambridge Judge Business School, Cambridge Centre for Alternative Finance (2016c). The Asia-Pacific Alternative Finance Benchmarking Report.University of Cambridge, Cambridge Judge Business School, Cambridge Centre for Alternative Finance (2016d). The 2015 UK Alternative Finance Industry Report.World Bank Group(2014). Doing Business 2015: Going Beyond Efficiency. World Economic Forum and Deloitte (2015). The Future of Financial Services – How disruptive innovations are reshaping the way financial services are structured, provisioned and consumed. zh_TW
