Reputation, Repayment Willingness and Farmer Households' Credit Availability: Theoretical Analysis and Empirical Test Based on Signaling Game

Abstract

Abstract:

Based on the reputation related literature review, this paper builds the signaling game model to analyze the inherentrelation between farmer households' reputation as collateral substitution and credit availability, and puts forward the corresponding hypotheses. Using the survey data of farmer households in Henan, this paper tests the hypotheses with proxy of reputation measured by farmer households' reputation title and reputation evaluation. Through the Logit and Tobit regression analysis, it finds that high reputation as collateral substitution signal can effectively alleviate the credit constraints of farmer households, increase farmer households' credit availability and credit lines. In addition, credit rating and total income also have a significant effect on them. The results have important theoretical and practical significance for improving the rural financial market system, advancing rural financial poverty alleviation work, and revitalizing the rural economy.

Key words: reputation, repayment willingness, signaling game, credit availability, credit line

Wang Xingyu, Ren Le, Zhao Hui, Yao Weiyi. Reputation, Repayment Willingness and Farmer Households' Credit Availability: Theoretical Analysis and Empirical Test Based on Signaling Game[J]. , 2019, 31(5): 77-88.

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