农民贷款难的症结:一个新的分析视角

发布时间：2018-03-30 05:41

本文选题：直接融资　切入点：间接融资　出处：《中央财经大学学报》2015年07期

【摘要】：农民贷款难长期制约农村经济发展,其症结何在以及如何解决?笔者在评述相关研究文献的基础上,从征信成本的角度,分三个层面对不同融资形式的风险承担主体和风险规避方式进行研究,分析得出融资风险规避的一般规则。首先从融资方式看,无论直接融资还是间接融资,融资风险均由投资人承担,直接融资的风险承担主体是股东或债权人,间接融资的风险承担主体是银行;其次从风险承担主体看,通常情况下直接融资的征信成本相对较低,而间接融资的征信成本相对较高;最后从征信成本看,如果征信成本足够低,投资人可接受"信用"抵押,如果征信成本过高,投资人则会要求以"财产"作抵押。由此为解决农民贷款难问题提供一个新的分析视角。在理论阐释的基础上,笔者进一步结合当前我国农民的财产状况分析农民贷款难的具体原因,从政策层面提出对策建议并进行可行性分析。
[Abstract]:Farmer loan is difficult to restrict the development of rural economy for a long time. Where is the crux of the problem and how to solve it? On the basis of reviewing the relevant research literature, from the perspective of credit investigation cost, the author studies the risk bearing subject and risk aversion mode of different financing forms in three aspects. The general rules of financing risk aversion are obtained. First of all, from the view of financing mode, whether direct financing or indirect financing, the financing risk is borne by the investor, and the main risk bearing subject of direct financing is shareholders or creditors. The risk-bearing subject of indirect financing is the bank; secondly, from the perspective of the risk-bearing subject, the credit information cost of direct financing is relatively low, while the credit information cost of indirect financing is relatively high. If the cost of credit is low enough, investors can accept "credit" mortgages, and if the cost of credit is too high, Investors will demand "property" as collateral, thus providing a new analytical perspective to solve the problem of farmers' loan difficulties. The author further analyzes the concrete reasons of the farmers' loan difficulty by combining the present property situation of the peasants in our country, and puts forward the countermeasures and suggestions from the policy level and carries on the feasibility analysis.
【作者单位】：中共中央党校;
【基金】：国家社科基金重点项目“当代垄断资本金融化研究”(12AJL002)
【分类号】：F832.43

【共引文献】