Research On The Influence Of Government Intervention,Loan Structure And Loan Efficiency Of Rural Commercial Banks

On January 14,2019,the bank insurance supervision committee issued the "about promoting rural commercial bank to locate,strengthen management,improve the financial service ability of the opinions,advice pointed out to further optimize the environment of rural commercial bank’s corporate governance,to establish small agriculture branch for a service oriented company governance structure and governance mechanism,and comprehensively improve the service"three rural "and small micro enterprise’s efficiency and level.Rural commercial banks are the"main force" of the county financial system and play an important role in supporting the development of "agriculture,rural areas and farmers".In the process of property right reform of rural commercial bank,corporate governance has been regarded as the focus.Good corporate governance is conducive to improving the allocation efficiency of financial resources and promoting the economic development while improving the operating performance of bank.However,government intervention has been neglected for a long time.The government’s intervention in the operation decision of rural commercial bank affects their loan efficiency and the allocation of local credit resources.However,most of the existing literatures have studied the impact of government intervention on the performance of rural commercial bank,and few have revealed the impact path of government intervention on their loan efficiency.Based on this,this paper introduces the intermediary variable of credit structure,and empirically explores the influence path of government intervention on loan efficiency of rural commercial bank through different indicators of credit structure.First,on the basis of theories such as rent-seeking theory,this paper studies the influence mechanism of direct and indirect government intervention on the loan efficiency of rural commercial bank,as well as the mediating effect mechanism of credit structure,and proposes the research hypothesis of this paper.Secondly,statistical analysis software was used to construct regression models based on the sample for empirical analysis.The empirical results show that the direct government intervention has a significant positive effect on the loan efficiency of rural commercial bank.The government’s indirect intervention has a significant negative effect on the loan efficiency of rural commercial bank.The credit concentration degree plays a part in the intermediary transmission effect in the relationship between the government’s direct intervention and the loan efficiency of rural commercial bank.The credit industry structure plays a part of intermediary transmission effect.Credit guarantee structure plays a part of intermediary transmission effect in the relationship between direct government intervention and loan efficiency of rural commercial bank.Credit guarantee structure plays a part of intermediary transmission effect in the relationship between the government’s indirect intervention and the loan efficiency of rural commercial bank,that is,the higher the degree of government’s indirect intervention,the higher the proportion of credit loans,and the lower the loan efficiency.Finally,some suggestions are put forward from these aspects:optimizing the credit structure allocation of rural commercial banks,and optimizing financial environment.