农村资金互助社贷款收益与风险匹配度的分析  

Analysis on the Matching of Profits and Risk of Rural Mutual-aid Loans

作　　者：陈凯达 陈开军[1] Chen Kaida;Chen Kaijun(School of Economics, Northwest Normal University, Lanzhou Gansu 730070, China)

机构地区：[1]西北师范大学经济学院,甘肃兰州730070

出　　处：《河北科技师范学院学报（社会科学版）》2022年第1期38-44,共7页Journal of Hebei Normal University of Science & Technology(Social Sciences)

基　　金：甘肃省教育厅创新之星项目“金融支持农民专业合作社的路径研究”(2021CXZX-321);西北师范大学研究生科研资助项目“金融支持农民专业合作社的路径研究”(2020KYZZ001147);西北师范大学国家级大学生创新创业训练计划专项培育项目“乡村振兴背景下农村资金互助社贷款收益与风险匹配度的分析”(CXCYKT2022174)。

摘　　要：农村资金互助社为金融贫瘠的农村地区注入了金融活力,但其运营具有诸多金融问题且易造成金融风险。聚焦于资金互助社的贷款特征,建立资金互助社贷款的期望收益与风险之间的关系等式,以此衡量资金互助社单位风险上的收益。进一步研究发现单位风险上的收益与贷款利率呈现正相关,与违约概率和贷款相关性之间呈现负相关。与其他银行等金融机构相比,资金互助社各种金融问题的本质原因是贷款的风险较大、风险补偿较小。最后分析了互助社金融风险补偿困境的原因并提出了相应的政策及建议。Rural mutual-aid funds have injected financial vitality into the impoverished rural areas,but financial problems in operation have caused financial risks.Based on the characteristics the loans of mutual-aid capital cooperatives,a relation equation between the expected profits and risk of mutual-aid capital cooperatives was established to measure the profits on unit risk of mutual-aid funds cooperatives.The result showed that the profits on unit risk is positively correlated with loan interest rate and negatively correlated with default probability and loan correlation.Compared with other financial institutions such as banks,the essence of various financial problems of mutual-aid funds cooperatives is that the risks of loans are larger and the risk compensation is smaller.The causes of financial risk compensation dilemmas of mutual-aid funds cooperatives were analyzed and corresponding policies and suggestions were put forward.

关 键 词：农村金融 农村资金互助社 贷款特征 风险补偿 

分 类 号：F832.21[经济管理—金融学]