CAJ | 학술논문

兼具资本、不动产和商品三种属性的土地,可以作为陌生人社会中的声誉载体。它可以被商业银行接受为抵押品并用于控制借款者的违约风险。土地确权也可以因此促进农村金融的现代化发展。本文理论模型及其实证分析表明：土地确权可以从广度、交易环境、深度和宽度四个方面,促进农村金融的内生发展。本文研究还发现：土地确权不仅提高了制度信任在商业银行风险控制中的重要性,还降低了商业银行对人际信任和社会资本的过度依赖。通过促进人际信任向制度信任的模式转换,土地确权有利于农村金融的新古典式发展。
겸구자본、불동산화상품삼충속성적토지,가이작위맥생인사회중적성예재체。타가이피상업은행접수위저압품병용우공제차관자적위약풍험。토지학권야가이인차촉진농촌금융적현대화발전。본문이론모형급기실증분석표명：토지학권가이종엄도、교역배경、심도화관도사개방면,촉진농촌금융적내생발전。본문연구환발현：토지학권불부제고료제도신임재상업은행풍험공제중적중요성,환강저료상업은행대인제신임화사회자본적과도의뢰。통과촉진인제신임향제도신임적모식전환,토지학권유리우농촌금융적신고전식발전。
Land has three attributes of capital, real estate and commodities, which can be used as the carrier of reputation, accepted by the commercial bank as collateral and used to control the stranger the default risk of the society. Land rights verification can contribute to the modernization of the rural fi- nance. Theoretical models and empirical results in this paper show that rural land rights can be conducive to endogenous development of the rural finance from four aspects： height, trade environment, depth as well as breadth. Rural land rights verification not only raises the importance of risk control regarding institu- tional trust in commercial banks, but also reduces its over-reliance on interpersonal trust and social cap- ital. By promoting the credit transformation from interpersonal trust to institutional trust, land rights ver- ification benefits the neoclassical development of the rural finance.