Research on Influencing Factors of P2P Network Loan Prepayment Risk Based on Cox Proportional Hazards

Jie Wan; Heng Zhang; Xiaoqian Zhu; Xiaolei Sun; Gang Li

doi:10.1016/j.procs.2019.12.058

Research on Influencing Factors of P2P Network Loan Prepayment Risk Based on Cox Proportional Hazards

Jie Wan
, Heng Zhang
, Xiaoqian Zhu
, Xiaolei Sun
, Gang Li^*

^*Corresponding author for this work

Research output: Contribution to journal › Conference article › peer-review

9 Scopus citations

Abstract

Peer-to-peer (P2P) is a practice of providing loans from lenders directly to borrowers through an online platform. Being rapidly developed, P2P platforms face many hidden risks in the meantime. Besides default risk, operational risk, there exists prepayment risk of borrowers which not only shrinks the investment income of lenders but also disrupts the normal operation of the platform. In this paper, we use Cox proportional hazard model to investigate the influential factors of P2P network loan prepayment risk to provide advice to P2P platforms and investors to avoid prepayment risk.

Original language	English
Pages (from-to)	842-848
Number of pages	7
Journal	Procedia Computer Science
Volume	162
DOIs	https://doi.org/10.1016/j.procs.2019.12.058
State	Published - 2019
Externally published	Yes
Event	7th International Conference on Information Technology and Quantitative Management, ITQM 2019 - Granada, Spain Duration: 3 Nov 2019 → 6 Nov 2019

Keywords

Cox proportional hazard model
early repayment risk
P2P

Access to Document

10.1016/j.procs.2019.12.058

Cite this

@article{19bcd881f85745a1ad1bd2e9dc2e3d6d,

title = "Research on Influencing Factors of P2P Network Loan Prepayment Risk Based on Cox Proportional Hazards",

abstract = "Peer-to-peer (P2P) is a practice of providing loans from lenders directly to borrowers through an online platform. Being rapidly developed, P2P platforms face many hidden risks in the meantime. Besides default risk, operational risk, there exists prepayment risk of borrowers which not only shrinks the investment income of lenders but also disrupts the normal operation of the platform. In this paper, we use Cox proportional hazard model to investigate the influential factors of P2P network loan prepayment risk to provide advice to P2P platforms and investors to avoid prepayment risk.",

keywords = "Cox proportional hazard model, early repayment risk, P2P",

author = "Jie Wan and Heng Zhang and Xiaoqian Zhu and Xiaolei Sun and Gang Li",

note = "Publisher Copyright: {\textcopyright} 2020 The Authors. Published by Elsevier B.V.; 7th International Conference on Information Technology and Quantitative Management, ITQM 2019 ; Conference date: 03-11-2019 Through 06-11-2019",

year = "2019",

doi = "10.1016/j.procs.2019.12.058",

language = "英语",

volume = "162",

pages = "842--848",

journal = "Procedia Computer Science",

issn = "1877-0509",

publisher = "Elsevier B.V.",

}

TY - JOUR

T1 - Research on Influencing Factors of P2P Network Loan Prepayment Risk Based on Cox Proportional Hazards

AU - Wan, Jie

AU - Zhang, Heng

AU - Zhu, Xiaoqian

AU - Sun, Xiaolei

AU - Li, Gang

PY - 2019

Y1 - 2019

N2 - Peer-to-peer (P2P) is a practice of providing loans from lenders directly to borrowers through an online platform. Being rapidly developed, P2P platforms face many hidden risks in the meantime. Besides default risk, operational risk, there exists prepayment risk of borrowers which not only shrinks the investment income of lenders but also disrupts the normal operation of the platform. In this paper, we use Cox proportional hazard model to investigate the influential factors of P2P network loan prepayment risk to provide advice to P2P platforms and investors to avoid prepayment risk.

AB - Peer-to-peer (P2P) is a practice of providing loans from lenders directly to borrowers through an online platform. Being rapidly developed, P2P platforms face many hidden risks in the meantime. Besides default risk, operational risk, there exists prepayment risk of borrowers which not only shrinks the investment income of lenders but also disrupts the normal operation of the platform. In this paper, we use Cox proportional hazard model to investigate the influential factors of P2P network loan prepayment risk to provide advice to P2P platforms and investors to avoid prepayment risk.

KW - Cox proportional hazard model

KW - early repayment risk

KW - P2P

UR - https://www.scopus.com/pages/publications/85081054847

U2 - 10.1016/j.procs.2019.12.058

DO - 10.1016/j.procs.2019.12.058

M3 - 会议文章

AN - SCOPUS:85081054847

SN - 1877-0509

VL - 162

SP - 842

EP - 848

JO - Procedia Computer Science

JF - Procedia Computer Science

T2 - 7th International Conference on Information Technology and Quantitative Management, ITQM 2019

Y2 - 3 November 2019 through 6 November 2019

ER -

Research on Influencing Factors of P2P Network Loan Prepayment Risk Based on Cox Proportional Hazards

Abstract

Keywords

Access to Document

Other files and links

Fingerprint

Cite this