摘要
本文在农村金融风险持续暴露的背景下,基于农户部门和企业部门信用风险的差异,构建了信用风险约束下农信社信贷支农行为的理论分析框架,以全国率先试点农信社改革的江苏省为例,分析了风险约束下农信社的支农特征。分析结果表明,农户部门自身的高风险削弱了农信社的支农力度,而且低风险企业部门还会挤出农户部门的信贷资金;经济发达地区和欠发达地区农信社信贷支农具有"商业性"和"社会性"的特征差异,苏南和苏中农信社支农力度与农户部门的信用风险显著负相关,而苏北农信社对农户部门信用风险的反应并不显著。此外,分析还表明,利率市场化改革有利于激励农信社加大支农力度。
Based on the difference of credit risk between rural household and enterprise department,the theoretical analysis framework of credit risk influencing credit support for agriculture by RCCs is constructed,and system GMM test is applied to the data of 41 RCCs in counties of Jiangsu Province from 1998 to 2015.The results show that,on the whole,the low-risk department will crowd out the credit funds of the high-risk department,and the higher enterprise risk or the lower rural household risk will encourage RCCs to increase the credit support for agriculture.According to different regions,credit supporting agricultural activities of RCCs in developed regions and underdeveloped regions are classified as"commercial"and"social".The ratio of rural households'credit in southern and central Jiangsu is significantly negatively correlated with the credit risk of household department,while that in northern Jiangsu is not significant.In addition,interest rate liberalization is conductive to encouraging RCCs to increase loan ratio of household department.
作者
莫媛
陈晶仪
曹瓅
MO Yuan;CHEN Jingyi;CAO Li
出处
《金融监管研究》
CSSCI
北大核心
2020年第5期16-30,共15页
Financial Regulation Research
基金
江苏高校哲社基金一般项目“信贷可得性视角下银农信息传递效果研究”(2019SJA0266)
中国博士后基金面上项目“农村信贷资金流动对经济包容性发展的影响研究”(2019M661802)
国家社科基金重大项目“我国高质量发展的能力基础、能力结构与推进机制研究”(19ZDA049)
教育部人文社科基金青年项目“三权分置视角下异质性农户农地经营权抵押融资效果研究”(18YJC790002)
江苏省社科基金青年项目“江苏包容性金融发展对农村家庭企业家精神培育的影响研究”(18EYC008)的资助。
关键词
信用风险
农村信用社
信贷支农
贷款配置
利率市场化
Credit Risk
RCCs
Credit Support for Rural Households
Loan Allocation
Interest Rate Liberalization
