Abstract

The preference problem of region and education degree is always existence in lending market, the development of China’s internet lending is vigorous now. Based on the transaction data of “renrendai” website, this paper researches the effect of region and education degree to loan documents’ success rate, interest rate, bid quantity, bid time, moreover examines the preference existence of region and education degree as well as the repression of credit evaluation mechanism. Our results confirm that in the case of incomplete credit evaluation mechanism, the lenders’ investment decision has the preference of region and education degree certainly; however, the preference will be not apparent with the improvement of credit evaluation mechanism, specifically, along with the enhancement of credit score, the repression to region and education degree is more and more prominent gradually. This research shows that we should encourage the competition and innovation of internet lending, regulate credit evaluation mechanism, decrease the information asymmetry, then it can resolve the tabbed preference problem just like region and education degree perfectly, thereby enhance the matched efficiency of internet lending greatly.

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