金融联结对林权抵押贷款可得性的影响分析——基于福建省农户的调研数据  

The Impact of Financial Linkages on the Accessibility of Forest Property Rights Mortgage Loans—Based on the Survey of the Farmers in Fujian Province

作　　者：李莉 黄和亮[2] 黄森慰[3] 林俊杰 LI Li;HUANG Heliang;HUANG Senwei;LIN Junjie(College of Finance and Accounting,Fujian Business University,Fuzhou 350012,China;College of Economics and Management,Fujian Agriculture and Forestry University,Fuzhou 350002,China;School of Public Administration and Law,Fujian Agriculture and Forestry University,Fuzhou 350002,China;College of Economics and Management,Ningde Normal University,Ningde 352100,China)

机构地区：[1]福建商学院财务与会计学院,福州350012 [2]福建农林大学经济与管理学院,福州350002 [3]福建农林大学公共管理与法学院,福州350002 [4]宁德师范学院经济管理学院,宁德352100

出　　处：《林业经济问题》2025年第1期91-100,共10页Issues of Forestry Economics

基　　金：国家社科基金青年项目(22CGL003);福建省社科规划项目(FJ2024BF044)。

摘　　要：基于福建省集体林区769个农户样本数据,采用Probit模型、倾向得分匹配法、中介效应模型等考察金融联结对林权抵押贷款可得性的影响效应及作用机制。结果表明:金融联结促进全样本和有贷款需求农户的林权抵押贷款可得性分别提高了8.3%和22.6%。交易成本在金融联结和林权抵押贷款可得性的关系中起中介作用,金融联结通过降低交易成本来促进贷款可得性。金融联结对抵押品价值与贷款可得性的关系具有正向调节作用,表现为对林权抵押品价值的补充作用。建议鼓励并推广金融联结模式在林权抵押贷款中的应用,发挥其对林权抵押品补充机制,通过创新型手段进一步降低交易成本,加强乡村中介培育。⑴Background——Forest property rights mortgage loans broaden the scope of farmers’collateral,alleviates the credit constraints,and help realize the value of forest ecological products.But the promotion of forest property rights mortgage loans in China still faces many difficulties.The mechanism and application effect of the financial linkages of“formal financial institutions+rural intermediaries+farmers”in mortgage loans and credit loans may be different.So,it is of great practical significance to explore the mechanism of financial linkages on the accessibility of forest property rights mortgage loans.⑵Methods——This paper first put forward the research hypotheses on the basis of theoretical analysis.Then,the probit model and propensity score matching(PSM)method were used to analyze the impact of financial linkages on the accessibility of forest property rights mortgage loans.Finally,the mediation effect model and moderation effect model were used to analyze the mechanism of the impact of financial linkages on the accessibility of forest property rights mortgage loans.⑶Results——First,in the whole samples and the samples of the farmers with loan demand,the contribution rate of the financial linkages to the accessibility of mortgage loans for the farmers’forest property rights significantly increases by 8.3%and 22.6%,respectively,and passes the robustness test of the PSM method.Second,the transaction costs play a mediating effect in the relationship between the financial linkages and the accessibility of forest property rights mortgage loans.The financial linkages promote the accessibility of forest property rights mortgage loans by reducing the transaction costs.Third,the financial linkages have a positive moderating effect on the relationship between the collateral value and and the accessibility of forest property rights mortgage loans,which is manifested as a complementary effect on the collateral value.The financial linkages make up for the risks caused by the lack of collateral effectiv

关 键 词：林权抵押贷款 金融联结 贷款可得性 交易成本 

分 类 号：F323.9[经济管理—产业经济]