评级促进了小额信贷机构改进绩效吗?—基于国际数据的实证检验  

Does Rating Help Microfinance Institutions Improve Their Performance?——An Empirical Test based on the International Data and its Revelation

作　　者：张正平[1] 王麦秀 胡亚男[1] 

机构地区：[1]北京工商大学经济学院,100048 [2]深圳市富海荣基融资担保有限公司,广东深圳518000

出　　处：《现代财经（天津财经大学学报）》2014年第2期42-52,共11页Modern Finance and Economics：Journal of Tianjin University of Finance and Economics

基　　金：国家自然科学基金青年项目(71003022);北京市属高等学校高层次人才引进与培养计划项目(CIT&TCD201304031)

摘　　要：第三方评级是否有助于小额信贷机构绩效改善,这是一个业界和学术界关注的问题。本文以154家经国际知名评级公司PlaNet Rating评级的小额信贷机构作为样本,建立计量模型实证检验了评级对小额信贷机构财务绩效和社会绩效的影响,结果发现:评级与机构财务绩效相互促进,评级对机构社会绩效有显著影响。It has been a focus for the world and academia whether rating industry is beneficial to the performance of microfinanee institutions. This paper selects 154 MFIs rated by the internation- ally famous microfinance rating agency PlaNet Rating as a sample, building an econometric model to test empirically the impact of MFIs＇ rating on its performance, and finds that rating and financial performance are mutually promoted, and rating has significant impact on its social performance.

关 键 词：小额信贷机构 第三方评级 财务绩效 社会绩效 

分 类 号：F832.4[经济管理—金融学]