市场结构、支农力度与农村信用社经营绩效——来自山东省17地市的经验研究

The Market Competitiveness, Peasant-supporting Degree and the Performance of Rural Credit Cooperative: An Empirical Analysis of Shandong Province

农村信用社是我国农村金融发展的主力军,如何应对金融市场化竞争冲击、提升经营绩效以更好服务三农是其当前亟待解决的突出问题。基于山东省17个地市133家农村信用社2006—2012年数据,进行动态面板差分广义矩GMM模型数据分析发现:山东省农村金融市场结构与农信社经营绩效总体符合有效结构假说,山东省农信社适应竞争性市场环境的能力不断增强,支农服务正积极向农户多元化贷款需求方向调整,农信社经营绩效持续得到改善,经济发达的鲁东地区同样符合有效结构假说,而传统共谋假说对经济欠发达的鲁西地区市场结构与农信社经营绩效关系有更强的解释力。基于研究认为以市场为导向提升竞争力进行内涵式创新发展是农信社应对市场化改革的有效策略,依据地区经济发展水平差异化推进农村金融市场化改革应作为发展农村金融的基本战略。

Rural Credit Cooperative is one of key powers in Chinese rural financial market, and it is of significance for them to work out solutions to enhance performance while dealing with challenges from market-oriented reform. Based on the different GMM analysis of 133 rural credit cooperatives scattering in 17 districts of Shandong Province, it is found that the efficient market structure hypotheses fits the explanation of interaction between market structure and performance of rural credit cooperatives with cooperatives＇ growing market competitiveness, improving performance, and peasant-oriented supporting power to wards multi- variate demands of rural financial market, with the picture of economically developed Ludong area being similar to that of the province while the picture of developing Luxi area opposite fitting traditional collusion hypotheses well. It is referenced here that rural credit cooperatives should adopt market-oriented quality-underlying development policy against the background of marketi- zation and differenced policy of rural financial reform should be implemented according to economic development levels of dif- ferent areas.