CAJ | 학술논문

尽管借贷企业历来看重借款人的学历水平，但对学历与借贷的深入探讨却较为缺乏。借助新颖的P2P数据，本文从两个方面提出假说并展开研究：从借款者违约结果方面，高学历借款者是否违约概率较低；从投资者投资决策方面，投资者是否更愿意借钱给高学历借款者。实证结果表明，高学历借款者如约还款概率更高，高等教育年限增强了借款人的自我约束能力，但是，投资者却并未亲睐高学历借款人，在通过教育程度识别信用风险的行为上存在偏差。
진관차대기업력래간중차관인적학력수평，단대학력여차대적심입탐토각교위결핍。차조신영적P2P수거，본문종량개방면제출가설병전개연구：종차관자위약결과방면，고학력차관자시부위약개솔교저；종투자자투자결책방면，투자자시부경원의차전급고학력차관자。실증결과표명，고학력차관자여약환관개솔경고，고등교육년한증강료차관인적자아약속능력，단시，투자자각병미친래고학력차관인，재통과교육정도식별신용풍험적행위상존재편차。
Although education is addressed by most lending firms, the relationship between education and credit is still a big question to be answered. We explore the credit identification role of borrowers＇ education back- ground on the P2P lending platform. To be specific, we discuss the ieal default rates of borrowers with different education background and the market reaction of investors on P2P platform to borrower＇ s education level. The empirical results show that more educated borrowers do have lower defauh rate, however, investors do not think more educated borrowers indicate better credit, which indicates the behavior bias of investors in P2P lending market.