The Relationship Between Macroeconomic Factors,agriculture-related Loans And Efficiency Of Regional Rural Cooperative Financial Institutions

Rural cooperative financial institutions,including rural credit cooperatives,rural joint-stock commercial banks and rural joint-stock cooperative banks,are the main forces to support the development of agriculture,countryside and farmers.With the development of marketization,the major banks are responsible for their own profits and losses.And benefit-centered has become the business philosophy of banks.Accordingly,the business outlets of joint-stock banks gradually withdraw from the rural financial market,and the scale of agricultural loans gradually shrinks.Finally,the responsibility of rural financial services falls on rural credit cooperative institutions.The development of Rural cooperative financial institutions has a direct impact on the reform of rural finance and the development of rural economy.But at the same time,the domestic and international environment has undergone dramatic changes.Firstly,the downward pressure on the whole country and even the global economy has increased the uncertainty of the operation of banking financial institutions,and the banking industry is facing increasing pressure of bad debts.Secondly,the industry competition has intensified,which is manifested in the market invasion of private banks,village banks,foreign banks and Internet finance.Third,domestic financial reform has entered deep water areas,such as interest rate marketization,which has reduced the profit margin of banks.Agricultural-related loans are the financial support of rural cooperative financial institutions for the development of "agriculture,countryside and farmers" and reflect the operational purpose of serving "agriculture,countryside and farmers".However,the impact of agricultural-related loans on the development of rural cooperative financial institutions and whether they can truly achieve the goal of the Blue Sea strategy remain to be studied.Based on the business data of rural cooperative financial institutions in A province,the paper empirically analyzes the efficiency of rural cooperative financial institutions,and studies the impact of macro factors and agricultural related services on the efficiency.It finds that the efficiency of rural cooperative financial institutions is basically consistent with the path of economic development.The economically developed areas are above the efficiency value of the whole province.In the total of rural cooperative financial institutions in theprovince,Malmquist-Luenberger index and technological progress index show a downward trend.Effectiveness tends to be ineffective,and the deviation increases gradually,but the efficiency change index keeps an upward trend.The total factor productivity of each decision-making unit varies,but on the whole,the development of rural cooperative financial institutions in A province mainly depends on scale efficiency,and the ability and efficiency of technological innovation need to be strengthened.In addition,through regression analysis,it is found that the fixed asset investment is positively correlated with the efficiency of rural cooperative financial institutions.With the increase of fixed asset investment in the regional environment,the efficiency of rural cooperative financial institutions in the region will also be improved.There is a positive correlation between the balance of deposits and the efficiency of rural cooperative financial institutions,but it is not significant.GDP has a negative correlation with the efficiency of rural cooperative financial institutions,which is significant at the level of 5%.There is a positive correlation between the proportion of individual agricultural loans and the efficiency of rural cooperative financial institutions,while there is a negative correlation between the proportion of rural enterprises and organizations,the proportion of urban enterprises and organizations and the efficiency of rural cooperative financial institutions,but none was significant.Therefore,on the one hand,the government should establish and improve preferential policies,encourage banking institutions to support the rural economy,and help to build a rural financial ecology.On the other hand,the agricultural cooperative institutions should strengthen corporate governance,innovate and seek development.