Study On The Effect Caused By Agricultural Insurance On The Agricultural Enterprise Credit Rationing In Fujian Province

Agricultural enterprises are the backbone and determining factor of the agricultural industrialization development. It has strong leading role in terms of the farmers industrialization level and the increase of farmers income. Although agriculture enterprises’development needs financial support, it has large probability of getting credit rationing from formal financial institutions. The credit risk cause by agricultural industry consideration may be the root cause of credit rationing from the agricultural enterprises. Agricultural insurance can be used as an effective institutional arrangement to overcome weak agriculture quality, an effective agricultural credit risk sharing and compensation mechanism, and an important way to spread the risk of banking agricultural credit, then to improve the problem of agricultural enterprises credit rationing.First of all,the paper quantitative measures whether agricultural enterprises in Fujian province suffered from credit rationing and the degree of rationing by collecting relevant statistical yearbook data;And then builds the research theory frame of agriculture research enterprise credit rationing that effected by agricultural insurance and on the basis to design the relevant variables in this research; then carries on the questionnaire survey to collect data of agricultural enterprises in fujian province,and makes empirical study on agricultural insurance effect mechanism of enterprise credit rationing for agriculture and identifies the key influencing factors of agricultural enterprises to behaviors of buying agricultural insurance by using structural equation model and single factor variance analysis. Finally, it put forward some policy recommendations for the development of agricultural insurance based on solving agricultural enterprises credit rationing.Through theoretical analysis and empirical research, the main conclusions are as fllows:(1) Agricultural leading enterprises Above municipal in Fujian province suffered a high degree of credit rationing and deteriorating.(2) Agricultural insurance can be used as mitigation agricultural enterprises credit rationing policy tools. Agricultural enterprises can alleviate agricultural enterprises directly suffered by credit rationing by buying agricultural insurance and reducing the credit risk, then eases the credit rationing of agricultural enterprises.(3) Government policy factors, agricultural enterprises behavior factors and measurement variables of insurance buying behavior have significant relief for credit rationing of agriculture enterprises.(4) Government policy factors, agricultural enterprises behavior factors and credit rationing have an significant role in promoting of agricultural enterprises" behaviors to buy agricultural insurance,and agricultural enterprise credit risk has a significant indirect role in buying agricultural insurance by credit ration.(5) Enterprise scale, enterprise registered capital, sales income, the industrial chain link, the relation between enterprise and government, ever get any compensate pays by insurance company, the difference of geographical position will affect the enterprise in the aspect of agriculture insurance purchase behavior to a certain extent.This paper tries to build the theory analysis framework that how agricultural insurance effect on credit rationing of agricultural research enterprise under the direction of the theory of credit rationing, agricultural insurance theory and stakeholder theory; Make a validation of agricultural insurance purchase behavior impact of credit rationing of agriculture enterprises and if agricultural insurance can be used as system tools to ease agricultural enterprise credit rationing;And enrich and develop the empirical research of agricultural insurance effect of credit support for agriculture and the influence factors of the behaviors that buying agricultural insurance of agricultural enterprises.