Study On The Formation Mechanism And Countermeasures Of Financing Difficulties For Farmers

Peasant entrepreneurship is an important link and potential force of the overall strategy of "mass undertaking and innovation" in our country,and it is an effective way to drive farmers to increase income continuously,and is an important measure to solve "three agricultural problems".The Government has repeatedly stressed that encouraging farmers to start a business is an important work in the process of China's modernization,and has issued a series of policies and measures to encourage farmers to start their own businesses.Experts and scholars from many fields at home and abroad have been devoting themselves to the research of peasant entrepreneurship,and have made considerable research results.However,there are still many realistic factors in peasant entrepreneurship,among which,financing is the most common and serious problem.Based on this,this paper analyzes the formation mechanism of farmers ' financing dilemma based on the perspective of asymmetric information and finds out corresponding strategies.First of all,in this paper,the relevant documents are combed,on the basis of summarizing existing theories,combining information asymmetry,game theory and venture capital related knowledge to construct the theory analysis framework of Farmer's venture financing;Secondly,the main use of the China Comprehensive Social Survey(CGSS)data,China's family Financial Regulation(CHFS)and other data,To analyze the current situation and existing problems of Chinese farmers ' venture capital financing;Thirdly,the paper studies the formation mechanism of peasant venture financing predicament from the adverse selection and two dimensions of moral hazard under asymmetric information,and through constructing signaling model and other economic models to find out the mechanism of peasant start-up financing predicament;Finally,from the government,Bank financial institutions and peasant entrepreneurs in three aspects to alleviate information asymmetry,promote the development of farmers ' business strategy suggestions.The results show that:(1)Under Asymmetric information conditions,the main problems affecting farmers ' venture capital financing are the adverse selection and moral hazard between peasant entrepreneurs and financial institutions in the process of farmers ' entrepreneurship financing,by increasing the cost of decorating signals for farmers ' entrepreneurs,and increasing the punishment of the peasant entrepreneurs who whitewash the signals,can achieve the function of alleviating the adverse selection;(2)The probability of the bank financial institution to supervise and check the repayment of farmers ' start-up credit can effectively restrain the moral hazard caused by the farmers ' credit loan.It is hoped that through the research of this paper,we can have some inspiration to the peasant friends and bank financial institutions who are going to start a business or are starting a business,and give a little more theoretical reference to the Government in formulating the policies and measures related to the farmers ' venture capital financing,which is a building block for enriching the theoretical knowledge of farmers' venture financing.