[雙語翻譯]互聯(lián)網(wǎng)金融外文翻譯--p2p網(wǎng)絡(luò)借貸——文獻綜述

1、4800 英文單詞， 英文單詞，26500 英文字符，中文 英文字符，中文 8200 字文獻出處： 文獻出處：Bachmann A, Becker A, Buerckner D, et al. Online peer-to-peer lending - A literature review[J]. Journal of Internet Banking Literature Review; Determinants of Fundi

2、ng Success; Financial Characteristics; Demographic Characteristics; Group Intermediation.INTRODUCTIONWith the upcoming popularity of online communities in the past decade a new way of loan origination has entered the cre

3、dit market: online peer-to-peer (P2P) lending. It transfers the old idea of personal credits into the World Wide Web. In this kind of lending model the mediation of financial institutions is not required (Herzenstein et

4、al., 2008; Galloway, 2009). The decision process of loan origination is given into the hand of private lenders and borrowers, and websites like Prosper.com offer them a platform to engage with each other. Within these pl

5、atforms borrowers generally describe the purpose of their loan request and provide information about their current financial situation, like income or open credit lines. Lenders then have the opportunity to offer a loan

6、with an interest rate derived upon this information. For borrowers, online P2P lending is a way to receive a loan without a financial institution involved in the decision process and might also be a possibility to rece

7、ive better conditions than in the traditional banking system. For lenders it can be seen as an investment model where the investment risk is coupled to the credit rating of the funded loans. The platforms themselves ofte

8、n benefit by raising fees for successful realized transactions (Galloway, 2009).Although online P2P lending is a relatively young field of research an increasing amount of scientific contributions has been published in r

9、ecent years (Iyer, Khwaja, Luttmer, Pope Ravina, 2007). With the emergence of the first online P2P lending platform “Zopa” the new lending model raised attention for the first time in the year 2006 (Hulme Iyer et al.,