信息不对称、风险规避与农地金融合约--基于农户与贷款者的分析

本文从农贷市场的不对称信息视角,集中讨论了农户与贷款者的信贷行为关系.通过分析他们之间信息不对称的两类性质后,从信号博弈角度分析了农地使用权抵押对降低农贷风险的信号发送过程,并给出了基于贷款者的农地抵押金融合约模型.本研究得出的结论是农地使用权抵押金融既可以提高农贷资金的安全性,又蕴涵着农地使用权市场化流转的可能.

Asymmetric Information、 Risk Hedging and Financial Contract on Mortgaging Agroland: An Analytic Perspective of Household and Lender

based on the asymmetric information, this paper analyzes the behavioral relationships between farm household and lender. After picturing their two characteristics of asymmetric information, we analyze signaling process by mortgaging using right on land in decreasing agricultural credit risk, and give financial contract on land mortgage model from the perspective of lender. The conclusion is that mortgaging finance on using right of land both increases the security of agricultural credit, and is meaning the possibility of transferred-market agroland.