我国小额信贷机构目标偏离与治理研究

发布时间：2018-01-21 22:16

本文关键词： 小额信贷机构委托代理博弈论影响因素治理　出处：《北京工商大学》2013年硕士论文　论文类型：学位论文

【摘要】：近年来，全球小额信贷机构迅速发展，不仅为全世界减缓贫困和社会发展做出了积极贡献，也为微型金融行业发展和低收入群体实现自我发展发挥了积极的作用。然而，随着小额信贷商业化趋势的加强，小额信贷机构的双重目标（财务目标和社会目标）难以兼顾，越来越多的小额信贷机构开始从商业银行甚至资本市场进行融资，这无疑有助于改善其财务可持续性目标，但却导致了日益严重的偏离其社会目标的问题，并且这种“目标偏离（mission drift）”现象在中国也广泛存在，甚至更严重。中国小额信贷机构是服务“三农”的重要力量，受到政府的高度重视，然而这些MFIs普遍存在“嫌贫爱富”“垒大户”等现象，“脱农”问题比较严重，甚至已经偏离了服务“三农”的社会目标。小额信贷机构对于社会目标的偏离将直接影响其为低收入群体提供服务的数量和质量，不利于其减缓贫困的社会宗旨的实现。因此，研究中国小额信贷机构的目标偏离状况、分析影响目标偏离的因素并提出治理目标偏离的建议，对于中国小额信贷机构具有重要的意义。本文主要通过理论分析和实证分析相结合的方式讨论小额信贷机构目标偏离的发生机制、影响因素以及治理目标偏离的政策建议。本文首先以小额信贷机构的社会目标为出发点，结合委托代理理论，，分阶段建立动态博弈模型，对目标偏离的发生机制进行系统地分析；其次，分别利用外国数据和中国数据对影响小额信贷机构目标偏离的因素进行实证分析，并通过比较分析找出对中国小额信贷机构目标偏离有显著影响的因素；最后结合国外在治理小额信贷机构目标偏离方面的经验，对我国小额信贷机构目标偏离的治理提出一些建议。
[Abstract]:In recent years, the rapid development of global microcredit institutions has not only contributed positively to poverty alleviation and social development throughout the world. It has also played a positive role in the development of the microfinance industry and the self-development of low-income groups. However, with the strengthening of the commercialization trend of microcredit. The dual objectives of microfinance institutions (financial objectives and social objectives) are difficult to balance. More and more microfinance institutions begin to finance from commercial banks and even the capital market. This has undoubtedly contributed to improving its financial sustainability goals, but has led to an increasing problem of deviating from its social objectives. And this "target deviation mission drift" phenomenon also exists widely in China, or even more serious. Chinese microfinance institutions are an important force in serving" agriculture, countryside and farmers ". The government attaches great importance to these MFIs, however, there are many phenomena such as "loathing the poor and loving the rich", "the big man", and so on, and the problem of "getting rid of agriculture" is quite serious. The deviation of microfinance institutions from social goals will directly affect the quantity and quality of services provided to low-income groups. It is not conducive to the realization of the social aim of poverty alleviation. Therefore, this paper studies the status of the goal deviation of China's microfinance institutions, analyzes the factors that affect the deviation and puts forward some suggestions for the governance of the deviation. It is of great significance to China's microfinance institutions. This paper mainly through the theoretical analysis and empirical analysis of the combination of the way to discuss the microfinance institutions of the occurrence mechanism of deviation. Influence factors and governance objectives deviated from the policy recommendations. Firstly, this paper takes the social goals of microfinance institutions as the starting point, combined with the principal-agent theory, to establish a dynamic game model in stages. The mechanism of target deviation is analyzed systematically. Secondly, we use foreign data and Chinese data to make empirical analysis on the factors that influence the deviation of microfinance institutions' target, and find out the factors that have significant influence on the deviation of China's microfinance institutions' targets. Finally, combined with the experience of foreign countries in controlling the deviation of microfinance institutions' objectives, some suggestions are put forward for the governance of the deviation of microfinance institutions' objectives.
【学位授予单位】：北京工商大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.4

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