P2P网贷企业跑路不断,对其寿命问题进行研究具有重要意义。以2014—2016年4月跑路的633家P2P网贷企业为样本,研究上线时间和跑路时间对企业寿命的影响。研究显示:跑路P2P网贷企业寿命普遍较短,但呈增长趋势;上线时间对P2P网贷企业寿命有负向影响,早期进入企业平均寿命更长;跑路时间对企业寿命有正向影响,越晚跑路的企业寿命将越长;二者的交互作用对企业寿命具有负向影响,相比于新进入者,早期进入者享有更多行业发展带来的寿命红利。
It is of great significance to research the issues of P2P lending company's lifespan under the backgrounds of frequently running away. This paper focuses on the online time and running time's effect to lifespan with 633 P2P lending enterprises which have been bankrupt between the January of 2014 and April of 2016. Results show that the bankrupt P2P firms are with a short lifespan, but it shows increasing trend. Online time has negative effect on lifespan of P2P net loan company, earlier firms usually live longer. Running time has positive effect on lifespan, the later they run, the longer the lifetime. The interaction of online time and running time negatively influence lifespan, which means earlier entrants could enjoy more bonus of industrial development.