农户正规信贷交易成本配给识别及其影响因素——来自浙江省和黑龙江省466户农户调查数据分析

Identification and Causes of Transaction Cost Rationing in Rural Formal Credit:Analysis on 466 Farmers in Zhejiang and Heilongjiang

以信贷配给理论和交易成本理论为基础,依据浙江和黑龙江两省466份农户的调查数据,采用Probit模型实证研究影响中国农村信贷市场中农户的正规信贷交易成本配给的因素。结果表明:样本地区14%的农户受到了交易成本配给。对于这部分农户来说,相比于社会资本,与银行的高强度关系以及当地金融服务供给的高水平能够显著降低其面临交易成本配给的概率。这是因为,较高的金融服务供给水平不仅可以降低农户贷款的交易成本,还能强化其对于正规金融的正确认知,而稳固的银农关系则可以通过缓解借贷双方信息不对称的程度来提高农户主动申请贷款的意愿。

Based on credit rationing theory and transaction cost theory,this paper uses the survey data of 466 farmers from two provinces,and probit model is taken to explore possible factors that may affect the transaction cost of formal credit from farmers.The result indicates that 14% of the sample farmers are faced with transaction cost rationing.For these farmers,compared with society capital,their relationships with banks and the level of local financial supply decrease the probability of transaction cost rationing.This is due to the fact that higher level of financial supply can not only decrease the transaction cost of financial markets but also strengthen farmers＇ understanding of transaction cost rationing,while the solid relationship between banks and farmers will decrease the degree of information asymmetry,and increase farmers＇ credit demand.