农村金融创新对新型农业经营主体绩效影响研究——基于结构方程模型（SEM）的分析

Research on the Influence of Rural Financial Innovation on the Performance of New Agricultural Business Subjects——Based on structural equation modeling(SEM) analysis

新型农业经营主体能否用好农村金融机构改革提供的优质金融创新资源,是激发农村市场主体活力、实现农产品价格市场化和推进乡村振兴不可忽视的问题。本文基于金融发展理论,利用有效问卷数据构建结构方程模型(SEM),使用偏最小二乘法(PLS)分析了农村金融创新对新型农业经营主体经营绩效产生的影响。研究发现:农村金融创新对新型农业经营主体经营绩效产生显著的正向影响,企业融资成本的降低通过提高可用资本,间接降低了新型农业经营主体的运营成本,最终提高了其经营绩效。基于研究结果,本文建议在提高农村金融供给质量、为新型农业经营主体量身定制金融服务的同时,还须完善农村金融体系,强化农村金融服务模式创新;加强物权融资机构服务新型农业经营主体的作用;推进农村金融内涵创新。

Whether the new agricultural business entities can use the high-quality financial innovation resources provided by the reform of rural financial institutions is an issue that can stimulate the vitality of the rural market, realize the marketization of agricultural products, and revitalize rural areas. Based on the theory of financial development, this paper uses effective questionnaire data to construct a structural equation model(SEM),and uses partial least squares(PLS) to analyze the impact of rural financial innovation on the performance of new agricultural business entities. The study finds that rural financial innovation has a significant positive impact on the performance of new agricultural operating entities. The reduction of corporate financing costs indirectly reduces the operating costs of new agricultural operating entities and ultimately improves their operating performance.Based on the research, this paper suggests that while improving the quality of rural financial supply and tailoring financial services for new agricultural business entities, it is necessary to improve the rural financial system and strengthen the innovation of rural financial service mode;strengthen the property rights financing institutions to serve the new agricultural business entities and prompt rural financial connotation innovation.