管理评论

管理评论 ›› 2023, Vol. 35 ›› Issue (4): 42-54.

• 经济与金融管理 • 上一篇    下一篇

收入渴望何以影响农户农业生产性借贷行为——基于两个整村追踪数据的经验证据

尤亮1, 申洲尧1, 张珩2   

  1. 1. 山西财经大学国际贸易学院, 太原 030006;
    2. 中国社会科学院金融研究所, 北京 100710
  • 收稿日期:2022-03-29 出版日期:2023-04-28 发布日期:2023-06-01
  • 通讯作者: 张珩(通讯作者),中国社会科学院金融研究所副研究员,博士。
  • 作者简介:尤亮,山西财经大学国际贸易学院副教授,硕士生导师,博士;申洲尧,山西财经大学国际贸易学院硕士研究生。
  • 基金资助:
    国家自然科学基金青年项目(71903117)；山西省研究生创新项目(2022Y528)

How does Income Aspirations Affect Farmers’ Agricultural Productive Borrowing Behaviors: Empirical Evidence Based on the Tracing Data of Two Whole Villages

You Liang1, Shen Zhouyao1, Zhang Heng2   

  1. 1. School of International Trade, Shanxi University of Finance and Economics, Taiyuan 030006;
    2. Institute of Finance & Banking, Chinese Academy of Social Sciences, Beijing 100710
  • Received:2022-03-29 Online:2023-04-28 Published:2023-06-01

PDF (PC)

81

摘要： 本文以2016年和2021年陕西富县两个行政村414户的追踪调查数据为基础，将收入渴望引入农户农业生产性借贷行为的分析框架中，运用双栏模型探讨家庭决策者的收入渴望对其农业生产性借贷行为的影响。结果表明，收入渴望指数每提高一个标准差，农户农业生产性借贷金额就会提高23.3％，该结论经过稳健性检验后依然成立。异质性分析结果表明，收入渴望对低年龄组农户、高家庭资产农户和低教育程度农户的农业生产性借贷行为具有更显著的促进作用。机制分析结果表明，收入渴望对农户农业生产性借贷行为的影响受到风险偏好的正向调节作用。此外，对于借贷资金主要用于农业生产性投资的农户而言，与向正规金融机构借贷相比，收入渴望越高的家庭决策者更倾向于同时向正规和非正规金融机构借贷。

关键词: 农业生产性借贷, 收入渴望, 双栏模型, 整村

Abstract: Based on the tracking survey data of 414 households in two villages in Fuxian County, Shaanxi Province in 2016 and 2021, this paper uses the double-hurdle model to explore the impact of household decision makers’ income aspirations on farmers’ agricultural productive borrowing behaviors. The results show that, when the income aspirations index increases by one standard deviation, the amount of agricultural production borrowing funds of farmers will increase by 23.3%. This conclusion is still valid after a series of robustness tests. Heterogeneity analysis shows that income aspirations have a more significant promoting effect on the agricultural productive borrowing behavior of young age group farmers, as well as the farmers with more household assets or at lower education level. Mechanism analysis shows that risk preference plays a positive role in moderating the mentioned impact of income aspirations. In addition, for the families investing loans mainly in agricultural production, their family decision makers, if aspiring for higher income, are more inclined to borrow from both formal and informal financial institutions, rather than only from formal financial institutions.

Key words: agricultural productive borrowing, income aspirations, double hurdle model, whole village