Research On The Influence Of Social Capital On Farmers' Lending Behavior

At present,China has won the battle against poverty and created a new situation for rural revitalization.The "three rural issues" is an important issue for China to continue to promote the process of rural revitalization,and it is also a very realistic issue in China.It is not only related to the vital interests of farmers,but also related to the development of the country,the rural development is inseparable from the support of funds,so the construction of rural financial market system is very important.However,the current development of China's rural financial market is slow.There are few rural financial entities,a single financing method for farmers to choose from,a small number of mortgage collateral for farmers,and imbalances in the information held by both parties to the transaction.This leads to the unsatisfied borrowing needs of farmers and the imbalance of the financial market.Since China is a country with great human relations,informal lending between neighbors,relatives and friends in rural areas is also common.At the same time,social capital can play the role of collateral,reducing the cost of collecting information for both parties to the transaction,so that both parties can grasp The information is as equal as possible to alleviate the problem of farmers' borrowing difficulties.Therefore,on the base of combing the relevant literature at home and abroad,this paper chooses social capital as the starting point to analyze its impact on Farmers' lending behavior,so as to provide test reference for effectively easing farmers' financing constraints.The article substitutes the obtained micro research data into the empirical model to analyze the social capital factors that affect the borrowing behavior of farmers.After combing and summarizing the existing research on social capital and farmers' lending behavior,the article defines the concept of social capital and farmers' lending behavior,and expounds the corresponding influence mechanism based on the relevant theories;Introduce the basic situation of Lintao County,and analyze the basic situation of farmers in the surveyed area based on the survey data;next,use factor analysis to measure social capital,including extracting common factors,dividing dimensions,and calculating social capital indexes.Bring it into the binary logistic analysis model to get the regression results;finally,get the conclusions based on the model regression analysis results,and then put forward policy recommendations for the government and financial institutions.The empirical results show that: the core explanatory variable of this article,social capital,is related to the availability of borrowing by farmers;different dimensions of social capital have different effects on farmers' choice of two lending channels,especially the two dimensions of social trust and social participation.Large;social capital has a greater influence on its borrowing from formal channels.Among the control variables,farmers' education level,health level,household income,and understanding of loan policies have a significant positive effect on farmers' loan availability and lending channels,but the degree of influence is different;farmer's age has a negative impact on it;the number of households,labor force,etc.have no significant effect on it;the gender of the head of household only has a significant positive effect on rural households' informal borrowing channels,and the degree of borrowing convenience only has a significant impact on the farmers' choice of different borrowing channels.Therefore,the following conclusions are drawn : For the government,it should improve the traditional social capital of farmers and develop new social capital,improve the financial development support hierarchy,and build effective information transmission channels.;for financial institutions,it is necessary to carry out the loan mode guaranteed by social capital,innovate products and simplify the procedures and procedures for farmers' borrowing,strengthen the publicity of loan policies,and improve their own service levels.