农村资金互助社异化与治理制度重构

发布时间：2019-05-27 08:33

【摘要】：农村资金互助社是中国合作金融探索的新阶段。本文在论述农村资金互助社运行机制及制度优势的基础上,揭示农村资金互助社异化的具体形式、后果及原因,进而探讨重构其治理制度的原则与路径。农村资金互助社在资金来源、组织结构、管理、贷款产品和收益分配等方面均体现了合作金融自愿、互助、民主以及非营利等特征,具有较小存贷利差、股权激励以及微型金融贷款办法等制度优势。农村资金互助社异化在目标、产权、管理以及贷款四个方面均有体现,结果是互助合作属性丧失、风险增大以及资金动员困难。农村资金互助社发生异化的主要根源是净储蓄者—净借款者、小户—大户以及管理者—借款者之间未能实现激励相容。重构农村资金互助社治理制度,应遵从金融发展权利与激励相容两条基本原则,并从民主、产权及产品三个方面寻求重构路径。
[Abstract]:Rural mutual fund cooperatives are a new stage in the exploration of cooperative finance in China. On the basis of discussing the operating mechanism and institutional advantages of rural mutual fund cooperatives, this paper reveals the concrete forms, consequences and causes of alienation of rural mutual fund cooperatives, and then probes into the principles and paths of reconstructing its governance system. Rural mutual fund cooperatives have the characteristics of voluntary cooperative finance, mutual assistance, democracy and non-profit in terms of source of funds, organizational structure, management, loan products and income distribution, and have small interest rate differentials between deposits and loans. Equity incentive and micro-financial loan measures and other institutional advantages. The alienation of rural mutual fund cooperatives is reflected in four aspects: goal, property right, management and loan. The result is the loss of the attribute of mutual assistance and cooperation, the increase of risk and the difficulty of fund mobilization. The main source of alienation of rural mutual fund cooperatives is the failure to achieve incentive compatibility between net savers, net borrowers, small households, large households and managers and borrowers. In order to reconstruct the governance system of rural mutual fund cooperatives, we should abide by the two basic principles of the compatibility of financial development rights and incentives, and seek the reconstruction path from three aspects: democracy, property rights and products.
【作者单位】：浙江大学中国农村发展研究院;浙江理工大学经济管理学院;
【基金】：国家自然科学基金项目“成员主导型金融组织治理研究”(71473227)
【分类号】：F832.35

【相似文献】