农村新型金融机构监管政策实施效果研究——以江苏省农村小额贷款公司为例

An Empirical Study on the Regulation Effectiveness in the New Rural Financial Institutions: Taking Micro-credit Companies in Rural Areas of Jiangsu Province as an Example

结合江苏当前新型农村金融试点情况与监管现状,运用BCL模型对金融监管政策效果进行实证研究,结果表明:小额贷款占比与小额贷款公司经营绩效显著正相关,涉农贷款占比与小额贷款公司经营绩效只在苏北地区显著正相关,中长期贷款占比与小额贷款公司经营绩效在全省和苏南地区显著负相关;外部融资指标与小额贷款公司经营绩效显著正相关;利率与小额贷款公司经营绩效显著正相关;人均GDP与小额贷款公司经营绩效的关系不显著;金融机构数量与小额贷款公司经营绩效显著负相关。

Based on the current situation of the pilot new rural finance and the present status of supervision in Jiangsu Province,this paper uses the BCL model to value the financial supervision performance in the rural micro-credit companies. The empirical results show that the ratio of small loan has a significantly positive correlation with micro-credit companies operation efficiency,while ratio of agricultural loans has a positive correlation only in the north of Jiangsu. Ratio of medium and longterm loans has a significantly negative correlation with micro-credit companies operation efficiency in Jiangsu Province and the south of Jiangsu. External financing index has a positive correlation with micro-credit companies operation efficiency. Interest rate also has a positive correlation with micro-credit companies operation efficiency. The relationship between regional per capita GDP and the micro-credit companies operation efficiency is not significant. Numbers of financial institutions have negative impact on micro-credit companies operating efficiency.