财经研究
財經研究
재경연구
The Study of Finance and Economics
2011年
4期
4~14
,共null页
正规金融 非正规金融 农户期望收益函数 信息不对称
正規金融 非正規金融 農戶期望收益函數 信息不對稱
정규금융 비정규금융 농호기망수익함수 신식불대칭
formal finance; informal finance; expected return function of rural households; information asymmetry
文章区分三种不同的市场结构从理论上分析了农户、正规金融机构和非正规金融机构三个主体的决策行为和期望收益,认为只有在正规金融部门与非正规金融部门共存且实现合作的市场中,农户的融资需求才能得到有效满足,农户的期望收益才能最大化。文章还利用遍布我国东、中、西部地区近10 000家农户的实地调研数据进行实证检验,为建立正规金融与非正规金融间的合作机制提供了经验证据。
文章區分三種不同的市場結構從理論上分析瞭農戶、正規金融機構和非正規金融機構三箇主體的決策行為和期望收益,認為隻有在正規金融部門與非正規金融部門共存且實現閤作的市場中,農戶的融資需求纔能得到有效滿足,農戶的期望收益纔能最大化。文章還利用遍佈我國東、中、西部地區近10 000傢農戶的實地調研數據進行實證檢驗,為建立正規金融與非正規金融間的閤作機製提供瞭經驗證據。
문장구분삼충불동적시장결구종이론상분석료농호、정규금융궤구화비정규금융궤구삼개주체적결책행위화기망수익,인위지유재정규금융부문여비정규금융부문공존차실현합작적시장중,농호적융자수구재능득도유효만족,농호적기망수익재능최대화。문장환이용편포아국동、중、서부지구근10 000가농호적실지조연수거진행실증검험,위건립정규금융여비정규금융간적합작궤제제공료경험증거。
Based on three different market structures,this paper theoretically analyzes the decisionmaking behavior and expected returns of rural households,formal finance institutions and informal finance institutions.It arrives at a conclusion that,only under the coexisting and cooperation between formal finance institutions and informal finance institutions,the financing demand of rural households could be effectively met and their expected returns could achieve the maximum.Furthermore,it provides empirical evidence for establishing cooperative mechanism between formal finance institutions and informal finance institutions based on the data of field research on nearly 10 000 rural households in eastern,central and western regions.
