The performance of the P2P finance industry in China

作者:

Highlights:

• The performance of emerging online P2P finance industry in China is studied for first time.

• We propose a novel extension of the modified slacks-based measure in DEA.

• A two-dimensional efficiency approach is designed to examine P2P business activities.

• Contradictions exist between growth and operating efficiency in P2P platforms.

• Business types that affect the performance of online P2P industry are also explored.

摘要

•The performance of emerging online P2P finance industry in China is studied for first time.•We propose a novel extension of the modified slacks-based measure in DEA.•A two-dimensional efficiency approach is designed to examine P2P business activities.•Contradictions exist between growth and operating efficiency in P2P platforms.•Business types that affect the performance of online P2P industry are also explored.

论文关键词:Business performance,Peer-to-peer lending,Electronic commerce,Data envelopment analysis,Growth efficiency,Operating efficiency,k-means clustering,Management science,Non-parametric frontier methods,Quadrant analysis

论文评审过程:Received 17 December 2017, Revised 17 June 2018, Accepted 17 June 2018, Available online 19 June 2018, Version of Record 23 June 2018.

论文官网地址:https://doi.org/10.1016/j.elerap.2018.06.002