政府持股、融资能力与小额贷款公司社会绩效

Stock Holding of Government, Financing Capacity and Social Performance of Micro-Credit Companies

通过政府对小额贷款公司的参股控股行为分析,探寻政府持股模式对小额贷款公司发展的影响。研究表明,政府持股能够有效地解决困扰小额贷款公司的融资难问题,缓解小额贷款公司融资约束,有利于小额贷款公司的发展,但是政府持股的小额贷款公司在获得资金后,并没有增加服务深度和服务广度,也没有增加对于三农和小微企业等弱势群体的信贷投入。

The paper investigated the influence from the government stock holding on the development of micro-credit companies. The results showed that government stock holding can enhance the financing capacity and alleviate the financial equity difficulties of micro-credit companies. However after easily receiving the external financing,micro-credit companies don't enhance the breadth and depth of their service,and neither do they increase their share of rural and micro-enterprises borrowers.