Study On The Evaluation Of The Micro-finance Efficiency Of The New Rural Financial Institutions

Improving the efficiency of the rural financial market, can significantly smooth consumption and reduce liquidity constraints, thereby reducing poverty and promoting rural economic development. While China's rural financial sector heterogeneity prominent, the degree of inhibition and financial welfare losses of farmers and small businesses are more serious, the rural financial market is inefficient operating state, China has also been attached great importance to the rural financial system reform and innovation, the New Rural Financial Institutions(the NRFI) was born in 2006 under this context, which are developing rapidly over the past decade. Based on this, the development of the New Rural Financial Institutions in our country should not only be concerned about the amount of development, but also need to focus on their qualitative development that is its efficiency, thereby promoting the development of new rural financial institutions, to promote rural finance market reforms, to further promote rural finance market healthy and sustainable development.Through studying the development of rural finance theory, financial innovation theory, the three-stage DEA theory and super-efficiency DEA theory, Firstly write this paper from size and distribution, the degree of development (FIR), quality of financial assets, operational efficiency and effectiveness these five areas of the NRFI, describe its currently running situation. And then the paper uses the three-stage and super-efficiency DEA model to research the micro-finance efficiency of the 30 Chinese provinces and cities (Except Tibet and Hong Kong, Macao and Taiwan regions)of the NRFI. Using DEAP VERSION 2.1,Frontier4.1 and two DOS command software for three-stage DEA Model is calculated, and to evaluate the results, focusing on the second phase of SFA (SFA) regression model generated for the first phase investment isolated slack variables;The third phase adjustment DEA, input indicators thereby excluding external environmental factors and random error factors and output indicators into the original input-oriented variable returns to scale DEA model (Input type of the BCC model). Meanwhile, Comprehensive efficiency estimates in 30 provinces and cities in the same external environment and random errors under the new rural financial institutions value, scale efficiency and technical efficiency value.Then, using EMS 1.3 software were carried out in the absence of efficient interprovincial input-output redundancy analysis, in an efficient interprovincial super efficiency analysis.Through above research, this paper figures out following conclusions:(1) the development of the NRFI unbalanced, inadequate support for agriculture to play a utility; (2) the NRFI has a higher quality of financial assets, better operating efficiency, but a lower level of development; (3) development of the NRFI are not mature, high dependence on the external environment; (4) the micro-finance efficiency of the NRFI is not optimistic and its internal management system needs improvement and optimization; (5) the NRFI needs for effective integration and improve the ability to further enhance the deposit and loan; (6) the reform of the NRFI is necessary under the specific circumstances provinces discrimination.Through the analysis, this paper put forward suggestions to promote the development of the NRFI:(1) promote the balanced development of the NRFI, increase the intensity of agriculture; (2) the NRFI needs to improve the external financial environment, to promote their development and growth;(3) improve and optimize the NRFI in the internal management system to improve its of micro-finance efficiency; (4) the effective integration of the NRFI, to further enhance its deposit and lending capacity. The end of the paper also proposes to improve the deficiencies and place of study, in order to further improve the follow-up study.