第三方数字信用认证对农户具有价值吗  

Does Third-Party Digital Credit Authentication Have Value for Farmers

作　　者：朱乾宇[1] 尤婧[1] Zhu Qian-yu;You Jing(Renmin University of China,Beijing 100872,China)

机构地区：[1]中国人民大学农业与农村发展学院,北京100872

出　　处：《江西财经大学学报》2025年第2期85-99,共15页Journal of Jiangxi University of Finance and Economics

基　　金：中国人民大学科学研究基金(中央高校基本科研业务费专项资金资助)项目“产业扶贫培育民族深度贫困地区农户内生增长动力的机制设计与实现路径——拼多多新农商实验的案例追踪”(20XN0002)。

摘　　要：基于商业银行数字化转型过程与金融科技企业合作,并由后者为农户提供第三方数字信用认证的准自然实验进行实证分析。研究发现,第一,第三方数字信用认证提高了农户正规信贷可获得性和信贷次数;第二,通过缓解农户正规信贷约束,第三方数字信用认证会促使农户调减大田作物种植面积占比,促进更多价值更高的农机具替代老龄农业劳动力,增加大田作物的纯收入,并降低农户的风险厌恶程度;第三,农户可被观测到和无法被观测到的异质性会影响上述因果效应的大小。为此,第三方数字信用认证可以成为提高农户正规信贷获得、改善其生产生活的有效金融创新。在进一步完善农村信用体系建设的同时,正规金融机构应根据农户禀赋、农户对参与第三方数字信用认证的预期净效用和农户借贷倾向等特征设计多元化的信贷产品,将有助于其更有效、更精准地满足乡村振兴多样化的融资需求。Based on the process of digital transformation of commercial banks and the cooperation with financial technology enterprises,and the quasi natural experiment of the latter providing third-party digital credit authentication for farmers,this paper conducts an empirical analysis.The findings show that,firstly,third-party digital credit authentication has improved the accessibility and frequency of formal credit for farmers.Secondly,by easing the formal credit constraints on farmers,third-party digital credit certification can encourage farmers to reduce the proportion of field crop planting areas,promote the replacement of elderly agricultural labor by more high-value agricultural machinery,increase net income from field crops,and reduce farmers'risk aversion.Thirdly,the observable and unobservable heterogeneity of farmers will affect the magnitude of the causal effects mentioned above.Therefore,third-party digital credit authentication can become an effective financial innovation to improve farmers'access to formal credit and enhance their production and livelihood.While further improving the construction of the rural credit system,the formal financial institutions should design diversified credit products based on the endowment of farmers,their expected net utility in participating in third-party digital credit authentication,and their borrowing tendencies.This will help them more effectively and accurately meet the diverse financing needs of rural revitalization.

关 键 词：第三方数字信用认证 风险偏好 生产决策 边际处置效应 

分 类 号：F832[经济管理—金融学]