Journal of Marketing Science

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Prevention or promotion? Research on Advertising Communication Strategy of P2P Lending Platform - Empirical Analysis Based on Panel Data

Hou Min, Gu Chunmei, Wang Jiakai, Hou Ping   

  1. Hou Min,School of Business Administration of Zhejiang Gongshang University, Hangzhou, 310018;
    Gu Chunmei,School of Business Administration of Zhejiang Gongshang University, Hangzhou, 310018;
    Wang Jiakai,School of Business Administration of Zhejiang Gongshang University, Hangzhou, 310018;
    Hou Ping,Changchun University of Technology, Changchun, 130012
  • Online:2018-03-30 Published:2019-04-19

Abstract:

This study collected a total of 1960 pieces of panel data of the P2P platform and constructed a panel data analysis model after filtering. Finally, we found that: compared with the promotion focus advertising, the prevention focus advertising has a greater impact on platform trading volume, and the impact is positive significant; for the platform which has a third-party cooperation should use promotion focus advertising, but for the platform without third-party cooperation, prevention focus advertising is a better choice. Prevention focus and promotion focus advertising with have different effects on the use of individual projects and organization projects platform. The results of this study have some reference to the selection of high-risk financial products advertising communication strategy.

Key words: P2P, Prevention, Promotion, Panel Data Analysis