Impacts of Venture Capital on Online P2P Lending Platforms: Empirical Evidence from China

Hufeng Yang, Han Li, Zhen Hu and Guotai Chi

Emerging Markets Finance and Trade, 2020, vol. 56, issue 9, 2039-2054

Abstract: We examined the impacts of venture capital investment (VCI) on the performance of online Peer-to-Peer (P2P) lending platforms. The research results show that: (1) Gaining the first round of VCI can increase the transaction scale and improve the compliance with regulatory requirement of the online P2P lending platforms; and (2) the platforms acquiring more rounds of VCI have greater turnover. The above research shows that under the background of information asymmetry, the certification function and monitoring mechanism of VCs can work in online P2P lending markets.

Date: 2020
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DOI: 10.1080/1540496X.2019.1658074

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