小额信贷的目标偏移:来自国际数据的经验研究

Target Drift of Microfinance: Empirical Study Based on International Data

利用MIX面板数据,采用固定效应二阶段最小二乘估计法验证了影响小额信贷机构目标偏移的有关命题。经验分析表明,交易成本、规模效应、累进贷款以及贷款模式对小额信贷机构的目标偏移具有预期影响。提出采取激励性财税政策、适度扩大规模、利用团体贷款或者村银行贷款技术等措施,以期望解决小额信贷机构的目标偏移问题。

The relevant propositions on the target drift of microfinance are checked with fixed effects &2SLS estimators based on the data from Microfinance Information Exchange( MIX). The empirical analysis shows that transaction cost,scale effect,progressive lending and lending model have expected effects on the target drift of microfinance institutions. Such measures as adopting fiscal & tax policy based on incentives,enlarging the scale moderately and using group lending & village bank loan technology are raised to correct the target drift problem of microfinance institutions.