基于家庭禀赋视角的农户家庭非正规金融借贷行为研究

The Informal Financial Borrowing Behavior of Rural Households:A Study Based on the Family Endowment Perspective

基于家庭禀赋视角,利用2015年浙江大学(CFD)的调研数据,运用选择二值probit模型研究当前中国农户家庭非正规金融借贷发展情况及其影响因素,研究发现:社会资本通过家庭其他经济资本、自然资本、人力资本综合作用下显著正向影响非正规金融借贷行为;正规金融对农户家庭有形资产如固定资产、耕地、收入要求高,这些因素对非正规金融并无显著影响;非正规金融主要面对的群体是穷人、教育程度低且身体状况较差的农户,而这部分人被正规金融机构所排斥;农户家庭非正规金融借贷行为在不同年龄段的群体存在异质性差异。建议制定相应法律、法规,将农村非正规金融合法化,允许与引导非正规金融的有序发展。

Based on the family endowment perspective ,the 2015 survey data of Zhejiang University （CFD） were adopted to study the current development of informal financial borrowing and its impact factors in China＇ s rural households. The research results revealed that social capital had a significantly positive impact on informal financial borrowing behavior through the combined effect of other types of household capital including economic, natural, and human capital. For rural households applying for formal finance, the requirements for tangible assets were high, such as fixed assets, agricultural land, and income ; however, they had no significant impact on informal finance. The primary targets of informal finance were poor people and rural households who had low education levels and poor physical conditions, and who were indeed the group being rejected by formal financial institutions. The informal financial borrowing behavior of rural households was heterogenous among different age groups. It is suggested that relevant laws and legal regulations should be enacted to legalize informal finance and drive its orderly development.