村域社会组织与农户融资可得性——基于微观调查数据的实证研究  

Village Social Organizations and Rural Households'Financing Availability:An Empirical Research Based on Micro Survey Data

作　　者：王剑锋[1] 周子彦 Wang Jianfeng;Zhou Ziyan(School of Finance,University of International Business and Economics,Beijing 100029,China)

机构地区：[1]对外经济贸易大学金融学院,100029

出　　处：《南开经济研究》2021年第3期146-161,共16页Nankai Economic Studies

摘　　要：村域社会组织是农村融资场景下重要的“第三方机构”,强调并发挥其“助贷”功能有利于进一步释放金融供给能力。本文基于合约理论与发展经济学方法,分析认为村域社会组织能够通过“发展”和“监督”两种功能影响农户融资可得性。在设计“融资需求、融资约束及融资可得性”这样一组能够完整反映微观层面供求格局的指标基础上,运用全国性的家户调查数据对正规贷款、非正规贷款以及商业信用这三类农户农业生产融资渠道进行实证检验,研究结果表明:第一,村域社会组织能够显著影响农户农业正规贷款可得性,且主要原因在于其提高了农户的贷款需求;第二,上述作用存在农民收入调节效应,村域社会组织主要影响高收入农户的农业正规贷款可得性以及低收入农户的农业非正规贷款可得性;第三,营利性与非营利性村域社会组织的影响渠道存在差别,前者主要通过“监督”功能影响农户农业正规贷款可得性,后者则主要借由“发展”功能对商业信用融资可得性以及融资需求产生显著影响。Village social organizations are important"third-party institutions"in the rural financing scene,and exerting their"lending assistance"function is conducive to further releasing financial supply capabilities.Based on the analysis of contract theory and development economics,this paper believes that village social organizations can influence the availability of financing for rural households through the two functions of"development"and"supervision".On the basis of designing a set of indicators such as"financing demand,financing constraints,and financing availability"that can fully reflect the supply and demand pattern at the micro level,the national household survey data is used to assess the three types of formal loans,informal loans,and commercial credit.The empirical test shows that:First,the village social organization can significantly affect the availability of formal agricultural loans for rural households,and the main reason is that it increases the loan demand.Second,the above-mentioned effects have the effect of regulating rural households'income.Village social organizations mainly affect the availability of formal agricultural loans for high-income rural households and the availability of informal agricultural loans for low-income rural households.Third,for-profit and non-profit social organi-zations have different effects.The former mainly uses the"supervision"function to influence the availability of formal agricultural loans,while the latter mainly uses the"development"function to influence the availability of commercial credit and financing needs.

关 键 词：村域社会组织 农户融资可得性 贷款需求 贷款约束 合约理论 

分 类 号：D632.9[政治法律—政治学] F832.43[政治法律—中外政治制度]