The Analysis On Operating Efficiency And Influencing Factors Of Micro-credit Companies In Gansu Province

There are large areas of cultivated land and the population of the status quo in China's rural areas,but the lack of rural financial services and uneven problems caused lack of funds in many parts of the rural areas,thus inhibiting the progress of the rural economy,and it has affected the sustained and stable development of the national economy of China.In order to solve the increasingly prominent situation of imbalance in the supply and demand of rural financial markets,and better to serve the "policy of three Fs" and to promote the improvement of rural economy,in 2005,the People's Bank of China,the CBRC and the Ministry of Finance in Gansu,Shanxi,Inner Mongolia,Guizhou and Sichuan five provinces and autonomous regions to test the micro-credit companies.In 2008,the People's Bank of China and the CBRC issued the Guiding Opinions on the Pilot Project on Micro-credit Companies(No.23 [2008] of the People's Republic of China,referred to as the "Guidance").After that,micro-credit companies began to develop rapidly across the country.In the case of Gansu,it is located in the west,the economy is relatively backward,coupled with micro-credit companies “only loan does not exist” business characteristics and “support agriculture and small micro-enterprise” social mission,whether the micro-credit companies can use the resources effectively it controls,optimize the allocation of resources and improve operating efficiency has become an urgent problem to be solved.So it is necessary to measure the efficiency of micro-credit companies and analyze the main factors affecting the operating efficiency of micro-credit companies,so as to put forward practical proposals to solve them.The core content of the article is to use the data envelopment analysis(DEA)method to evaluate the efficiency of micro-credit companies in Gansu Province,and to analyze the factors that affect operating efficiency by using the Tobit model.Make valuable policy recommendations to improve operating efficiency and the future development of Gansu's micro-credit companies.The full text is divided into six parts.Chapter 1 Introduction.This paper expounds the background of selecting the subject as the research object and explains its theoretical and practical significance.Then,the paper reviews the domestic and international research results of the micro-credit companies' s operating efficiency,and puts forward the research contents and methods of the articles.Chapter 2 Related concepts and analytical frameworks.This paper introduces the concept of micro-credit companies,the dual goal of micro-credit companies and the necessity of measuring the micro-credit companies' s operating efficiency.Reviewing the technical efficiency theory related to the article,including Pareto efficiency,technical efficiency,Production frontier theory and X non-efficiency theory,and compared the technical efficiency measure method used in the analysis of the article,and then put forward the institutional operating efficiency theory and analysis framework.Chapter 3 Operational Status of Gansu's Micro-credit Companies.Using the method of statistical analysis to describe the basic situation,social coverage and financial sustainability to reflect the operational status of Gansu's micro-credit companies initially.Chapter 4 Analyzes the operating efficiency of Gansu's micro-credit companies.Based on the field research data,DEA method is used to analyze the operating efficiency of Gansu's micro-credit companies,including financial sustainability efficiency,social efficiency and operating efficiency(including financial sustainability objectives and social coverage targets),and horizontal compared the efficiency of local institutions.Chapter 5 Analysis the Factors Affecting the Operating Efficiency of Gansu's Micro-credit Companies.This paper conducted a theoretical analyzes of the factors that affect the efficiency of micro-credit companies and makes empirical tests through the measurement model.Chapter 6 Study conclusions and policy recommendations.Summarize the conclusions and put forward the countermeasures to promote the development of Gansu's micro-credit companies.