社会资本与农户借贷行为:来自中国家庭动态跟踪数据CFPS的经验分析

Social Capital and Farmer's Lending Behavior--Empirical Analysis of CFPS Data from Chinese Household Dynamic Tracking

本文利用2014和2016年两期中国家庭动态跟踪调查(CFPS)数据,在综合测度农户社会资本的基础上研究了社会资本对农户借贷行为的影响。研究发现,农村制度的变迁和农村经济的发展使得农户关系由依托于家族式传统血缘向社会式信任转变,农户的融资偏好也逐步向契约式聚焦。中国农村地区的社会资本有助于农村家庭获得信贷,社会资本对正规渠道的银行借贷和非正规渠道的亲友及民间借贷均具有显著的正向影响。结构型社会资本在影响农户正规与非正规金融渠道借贷中具有显著的影响差异,而认知型社会资本均具有显著的正向作用。

Based on the data of China's Family Dynamic Follow-up Survey(CFPS)in 2014 and 2016,this paper studies the impact of social capital on farmers'borrowing behavior on the basis of comprehensive measurement of farmers'social capital.The study fi nds that the change of rural system and the development of rural economy make farmers change from relying on family-based traditional blood relationship to social trust relationship,and farmers'financing preferences gradually focus on contractual finance.Social capital in China's rural areas helps rural households to obtain credit.Social capital has a signifi cant positive impact on bank lending in formal channels,relatives and friends in informal channels and private lending.Structural social capital has signifi cant difference in affecting farmers'formal and informal fi nancial channel lending,while cognitive social capital has signifi cant positive effect.