摘要
文章区分三种不同的市场结构从理论上分析了农户、正规金融机构和非正规金融机构三个主体的决策行为和期望收益,认为只有在正规金融部门与非正规金融部门共存且实现合作的市场中,农户的融资需求才能得到有效满足,农户的期望收益才能最大化。文章还利用遍布我国东、中、西部地区近10 000家农户的实地调研数据进行实证检验,为建立正规金融与非正规金融间的合作机制提供了经验证据。
Based on three different market structures,this paper theoretically analyzes the decisionmaking behavior and expected returns of rural households,formal finance institutions and informal finance institutions.It arrives at a conclusion that,only under the coexisting and cooperation between formal finance institutions and informal finance institutions,the financing demand of rural households could be effectively met and their expected returns could achieve the maximum.Furthermore,it provides empirical evidence for establishing cooperative mechanism between formal finance institutions and informal finance institutions based on the data of field research on nearly 10 000 rural households in eastern,central and western regions.
出处
《财经研究》
CSSCI
北大核心
2011年第4期4-14,共11页
Journal of Finance and Economics
基金
国家社会科学基金重大项目(08&ZD036)
上海市哲学社会科学2011年度规划基金项目
上海市教委2011年度科研创新项目
上海财经大学"千村调研项目"的资助
关键词
正规金融
非正规金融
农户期望收益函数
信息不对称
formal finance
informal finance
expected return function of rural households
information asymmetry