农民合作社与小农获得信贷:来自中国的证据

IF 4.6 Q2 MATERIALS SCIENCE, BIOMATERIALS
Meishan Jiang, Jingrong Li, Yunsheng Mi
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引用次数: 0

摘要

农民合作社是发展中国家农业现代化进程中转变小农生产方式的有效手段。本文旨在运用基于制度金融理论的框架,研究农民专业合作社的信贷效应。基于 2021 年中国家庭金融调查数据,采用内生转换 probit 模型探讨合作社成员资格对小农户获得信贷的影响。研究结果表明:i)农民专业合作社具有信息优势,金融机构通过农民专业合作社有组织的价值链获取小农户的信息,从而直接降低交易成本,提高信贷获取能力;ii)农民专业合作社可以促进小农户的农业投资,增加小农户的家庭收入,提高农地的流动性,进一步改善小农户的信贷获取能力。因此,农民合作社是发展中国家农业现代化的必然趋势。农村金融机构应改变其金融模式,通过组织方式解决信贷过程中的逆向选择和道德风险问题,从而提高小农户获得信贷的机会。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Farmers’ cooperatives and smallholder farmers’ access to credit: Evidence from China

Farmers’ cooperatives serve as effective means of transforming smallholder farmers’ production methods in the process of agricultural modernization in developing countries. This paper aims to examine the credit effects of farmers’ cooperatives by employing a framework based on institutional finance theory. Based on the 2021 China Household Finance Survey data, an endogenous switching probit model is employed to explore the impact of cooperative membership on smallholder farmers’ access to credit. The research findings indicate the following: i) Farmers’ cooperatives possess information advantages, as financial institutions gain access to smallholder farmers’ information through the organized value chains of farmers’ cooperatives, leading to a direct reduction in transaction costs and an improvement in access to credit. ii) Farmers’ cooperatives can promote smallholder farmers’ agricultural investments, increase household income for smallholder farmers, enhance the liquidity of farmland, and further improve access to credit for smallholder farmers. Therefore, farmers’ cooperatives represent an inevitable trend in the agricultural modernization of developing countries. Rural financial institutions should alter their financial models and resolve adverse selection and moral hazard issues in the credit process through organizational approaches, thereby enhancing access to credit for smallholder farmers.

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来源期刊
ACS Applied Bio Materials
ACS Applied Bio Materials Chemistry-Chemistry (all)
CiteScore
9.40
自引率
2.10%
发文量
464
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