| Summary: | 碩士 === 國立臺灣大學 === 財務金融學研究所 === 104 === Peer-to-peer lending (P2P) is the practice of lending money to unrelated individuals online without going through a traditional financial intermediary such as a bank. P2P lending isn’t allowed in Taiwan yet; however, internet finance is the trend of future. Taiwan may open the license of P2P in the future. Therefore, this thesis analyzes if it is suitable for pure P2P platforms to develop in Taiwan by four perspectives (investors, lenders, banks, government).
By the analysis of this thesis, P2P companies are not suitable to develop in Taiwan. As for investors, although investors can get higher returns from P2P, they also need to bear the default risk, and consider the risks that may cause the collapse of P2P platforms. With all these high risks, investors may not invest in P2P. As for borrowers, P2P benefits borrowers little in Taiwan. Therefore, there may be not enough borrowers to borrow from P2P platforms. From the perspective of banks, if P2P develops in Taiwan will make both banks and P2P platforms do credit business under great pressure. Besides, banks have more advantages to run P2P platforms. P2P companies may be unable to compete with P2P platforms ran by banks. From the perspective of government, opening the license of P2P consumes too many costs for now. Therefore, government tends not to open the license in a short term. Overall, from the analysis of this thesis, pure P2P platforms are not suitable to develop in Taiwan in the short term.
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