Research on Influencing Factors of P2P Network Loan Prepayment Risk Based on Cox Proportional Hazards

Peer-to-peer (P2P) is a practice of providing loans from lenders directly to borrowers through an online platform. Being rapidly developed, P2P platforms face many hidden risks in the meantime. Besides default risk, operational risk, there exists prepayment risk of borrowers which not only shrinks the investment income of lenders but also disrupts the normal operation of the platform. In this paper, we use Cox proportional hazard model to...