Evaluating Reputation of Internet Financial Platform: An Improved Fuzzy Evaluation Approach

Recent frequent “thunderstorm incidents” of the internet financial platforms (IFPs) have caused the panic of investors. In order to measure and reduce the investment risk of IFPs, the focus of this study is to evaluate the reputation of IFPs regarding investment risk. First, the reputation evaluatio...

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Autores principales: Ge You, Hao Guo, Abd Alwahed Dagestani, Shuai Deng
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Lenguaje:EN
Publicado: Hindawi Limited 2021
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Acceso en línea:https://doaj.org/article/5fd176b915f74665bd4730044ceaac1c
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spelling oai:doaj.org-article:5fd176b915f74665bd4730044ceaac1c2021-11-08T02:35:55ZEvaluating Reputation of Internet Financial Platform: An Improved Fuzzy Evaluation Approach1607-887X10.1155/2021/6876256https://doaj.org/article/5fd176b915f74665bd4730044ceaac1c2021-01-01T00:00:00Zhttp://dx.doi.org/10.1155/2021/6876256https://doaj.org/toc/1607-887XRecent frequent “thunderstorm incidents” of the internet financial platforms (IFPs) have caused the panic of investors. In order to measure and reduce the investment risk of IFPs, the focus of this study is to evaluate the reputation of IFPs regarding investment risk. First, the reputation evaluation indicator system of IFPs is constructed from two dimensions of direct and indirect reputations. Then, based on this system, an improved fuzzy evaluation approach (IFEA) integrating the method of fuzzy comprehensive evaluation (FCE), the analytic hierarchy process (AHP), and the factor analysis (FA) are proposed for evaluating the reputation of IFPs. Finally, a case study based on the data of 20 peer-to-peer (P2P) lending platforms from “Home of Online Loans” (HOL) in China is used to illustrate the IFEA. Results show that the IFEA can reduce uncertainty and randomness in the determination process of indicator weight and membership degree and therefore accurately obtain the reputation level of IFPs and help investors make better decisions. Meanwhile, the key factors in determining the reputation of IFPs are identified, thereby improving the reputation level of the IFPs.Ge YouHao GuoAbd Alwahed DagestaniShuai DengHindawi LimitedarticleMathematicsQA1-939ENDiscrete Dynamics in Nature and Society, Vol 2021 (2021)
institution DOAJ
collection DOAJ
language EN
topic Mathematics
QA1-939
spellingShingle Mathematics
QA1-939
Ge You
Hao Guo
Abd Alwahed Dagestani
Shuai Deng
Evaluating Reputation of Internet Financial Platform: An Improved Fuzzy Evaluation Approach
description Recent frequent “thunderstorm incidents” of the internet financial platforms (IFPs) have caused the panic of investors. In order to measure and reduce the investment risk of IFPs, the focus of this study is to evaluate the reputation of IFPs regarding investment risk. First, the reputation evaluation indicator system of IFPs is constructed from two dimensions of direct and indirect reputations. Then, based on this system, an improved fuzzy evaluation approach (IFEA) integrating the method of fuzzy comprehensive evaluation (FCE), the analytic hierarchy process (AHP), and the factor analysis (FA) are proposed for evaluating the reputation of IFPs. Finally, a case study based on the data of 20 peer-to-peer (P2P) lending platforms from “Home of Online Loans” (HOL) in China is used to illustrate the IFEA. Results show that the IFEA can reduce uncertainty and randomness in the determination process of indicator weight and membership degree and therefore accurately obtain the reputation level of IFPs and help investors make better decisions. Meanwhile, the key factors in determining the reputation of IFPs are identified, thereby improving the reputation level of the IFPs.
format article
author Ge You
Hao Guo
Abd Alwahed Dagestani
Shuai Deng
author_facet Ge You
Hao Guo
Abd Alwahed Dagestani
Shuai Deng
author_sort Ge You
title Evaluating Reputation of Internet Financial Platform: An Improved Fuzzy Evaluation Approach
title_short Evaluating Reputation of Internet Financial Platform: An Improved Fuzzy Evaluation Approach
title_full Evaluating Reputation of Internet Financial Platform: An Improved Fuzzy Evaluation Approach
title_fullStr Evaluating Reputation of Internet Financial Platform: An Improved Fuzzy Evaluation Approach
title_full_unstemmed Evaluating Reputation of Internet Financial Platform: An Improved Fuzzy Evaluation Approach
title_sort evaluating reputation of internet financial platform: an improved fuzzy evaluation approach
publisher Hindawi Limited
publishDate 2021
url https://doaj.org/article/5fd176b915f74665bd4730044ceaac1c
work_keys_str_mv AT geyou evaluatingreputationofinternetfinancialplatformanimprovedfuzzyevaluationapproach
AT haoguo evaluatingreputationofinternetfinancialplatformanimprovedfuzzyevaluationapproach
AT abdalwaheddagestani evaluatingreputationofinternetfinancialplatformanimprovedfuzzyevaluationapproach
AT shuaideng evaluatingreputationofinternetfinancialplatformanimprovedfuzzyevaluationapproach
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