【作者】 李建军； 王德；

【Author】 Li Jianjun;Wang De;

【机构】 中央财经大学金融学院； 中央戏剧学院财务处；

【摘要】 本文从小微经济体融资搜寻成本和网络效应两个基础理论命题入手,对比商业银行与互联网借贷平台的搜寻成本和网络效应对融资行为的影响。研究发现,搜寻成本和网络效应共同作用于融资行为,搜寻成本越低,网络效应越大,相应融资渠道价值越高。互联网借贷平台具备这两方面的优势,拥有比银行更高的小微融资渠道价值,是普惠金融服务的重要提供者。规范互联网借贷平台发展,提升其透明度,对普惠金融体系建设具有重要现实意义。更多还原

【Abstract】 This paper examines the basic theory of financial search cost and network effect with micro economic bodies, comparing the effects of financing behavior between bank and Internet lending platform. The study shows that search cost and network effect affect the financing behavior together, higher value of financing channel corresponding with lower search cost and greater network effect. Internet lending platform has higher value of financing channels for micro economic bodies than bank with both advantages, thus becomes an important provider for inclusive financial services. It is important to regulate the development of Internet lending platform, to enhance its transparency, for the construction of inclusive financial system.更多还原