Study On Financing Ability Of Cooperatives Based On Membership Qualification System

Farmers' cooperatives,as one of the main bodies of new agricultural management,are endowed with more multi-functional expectations as an ideal carrier to drive small farmers to organically link up the development of modern agriculture.However,due to the fact that China's farmers' cooperatives are still in the primary stage of development and the imperfect internal system of cooperatives,their normative nature has been questioned,and their external reputation has also been affected.The development of cooperatives has suffered setbacks.Capital is the bottleneck factor restricting the development of cooperatives.Cooperative financing is not only for its own daily turnover,but also for the continuous development of itself,driving more small farmers,realizing its organizational and service functions.Therefore,it is of great significance to solve the problem of cooperative financing.By reviewing the existing literature and basic theory,this paper clarifies that the financing problems of cooperatives originate from the imperfection of their internal system.The financing channels of cooperatives include two parts: endogenous financing and exogenous financing.In sorting out the influencing factors of cooperative financing ability,it is found that there are few factors with cooperative characteristics in the past literature,and the membership system affects the financing of cooperatives,which is an important indicator that can centrally reflect the arrangement of property rights and organizational management within cooperatives.Therefore,we consider introducing the membership system into the evaluation index system of cooperative financing ability.This paper further studies the membership system of cooperatives,gives the definition of membership system through the study of cooperative law,and defines the membership system of Chinese cooperatives as a relatively open but not completely open membership system by comparing the advantages and disadvantages of open membership system and closed membership system.This kind of membership system,which is not completely open,shows the existence of the threshold for cooperatives to join the society.Based on the analysis of the property rights of cooperatives,this paper divides the entry threshold of cooperatives into "primary threshold" and "secondary threshold".Through the game analysis of the new and old members of cooperatives,it is believed that cooperatives should set up the entry threshold according to local conditions and keeping pace with the times.By theoretical analysis and case study,this paper holds that the membership system of cooperatives has a profound impact on the financing of cooperatives.The membership system includes three aspects: the establishment,maintenance and termination of membership.Therefore,membership system influences the financing of cooperatives from three aspects: entry threshold,the balance of interests of heterogeneous members and the withdrawal of members.Reasonable entry threshold is conducive to the endogenous financing of cooperatives;the heterogeneity of members is the realistic feature of cooperatives.The coexistence of core members and ordinary members requires cooperatives to improve the earnings distribution system,design an ideal earnings distribution scheme,match the earnings distribution with the contributions of members,so as to stabilize the membership structure and maintain the investment enthusiasm of members.Share transfer regulations at the time of retirement will avoid arbitrary changes in the assets of cooperatives and help stabilize their endogenous and exogenous financing.Finally,this paper further studies the financing ability of cooperatives,puts forward the concepts of relative financing ability and absolute financing ability,and uses the analytic hierarchy process to introduce the relevant indicators of membership qualification system into the evaluation index system of cooperative financing ability,in order to enrich and improve the evaluation index system of cooperative financing ability,and reflect the financing ability of cooperatives more profoundly from the institutional level.Power.The evaluation of cooperatives' financing ability is not only conducive to the timely discovery of their own problems and self-improvement of cooperatives,but also conducive to external institutions to make investment or support decisions.