农民资金互助社经营目标偏移的实证解释——基于社会资本视角  

A research on the deviation from goal of farmers' fund cooperative from the perspective of social capital

作　　者：董晓林 石晓磊 徐虹[3] 

机构地区：[1]南京农业大学金融学院,江苏南京210095 [2]江苏农村金融发展研究中心,江苏南京210095 [3]中国人民银行南京分行,江苏南京210004

出　　处：《东南大学学报（哲学社会科学版）》2018年第2期52-59,共8页Journal of Southeast University(Philosophy and Social Science)

基　　金：国家哲学社会科学基金重点项目"信息化趋势下普惠金融发展问题研究"(15AJY020);国家自然科学基金面上项目"中国农地金融发展的机制;效应与政策优化--基于准自然科学的追踪研究"(71573125);宁夏哲学社会科学规划项目"宁夏村级互助资金精准扶贫效果评估"(16NXBYJ08)成果之一

摘　　要：采用江苏省苏南、苏中和苏北地区的65家农民资金互助社2007年至2016年底的非平衡面板数据,对影响农民资金互助社社员利益的因素进行实证分析。研究发现,由于社会资本的局限性,随着社员规模的逐渐增加、社员结构的趋于复杂化,农民资金互助社基于社会资本的信息、监督优势不断弱化,产生或加剧委托—代理问题,从而使互助社经营目标出现偏移,不利于社员利益最大化。According to Smith et al.( 1981),farmers' fund cooperative is committed to maximizing the benefits of its members.Therefore,any behavior inconsistent with this commitment is defined as goal deviation. This paper explores the possible reasons for goal deviation from the perspective of the limitations of social capital by analyzing the unbalanced panel data of 65 farmers' fund cooperatives in Nanjing,Yangzhou,Lianyungang,Yancheng from 2007 to 2016. The results show that the growing size of membership and the increasingly complex membership structure offset the advantages of the given cooperatives in information and supervision and cause the principal-agent problems as well. Ultimately the deviation from the original management goal arises.

关 键 词：农民资金互助社 社会资本 经营目标偏移 社员利益 

分 类 号：F832[经济管理—金融学]