摘要
以还款信用较好的借款者作为研究对象,借鉴Hoff and Stiglitz的研究,建立了民间借贷风险模型,分析了借贷风险产生的影响因素和民间借贷正常运行的条件。研究结果表明:借贷规模越大、承诺利率越高、违约贴现值越小,放贷者付出的监督成本和退出借贷市场的比例越大,民间借贷风险就越大;借款者经营项目的收益率越高、放贷者退出借贷市场的比例越小,民间借贷风险就越小;而在完全信息条件下,小范围关系圈内的民间借贷则具有较高的运行效率。
This paper aims to construct a risk model of private lending and analyze the influencing factors of loan risk and conditions for the normal operation of private lending by drawing on the relevant studies of Hoff and Stiglitz. Research results show that a bigger scale of loans, a higher rate of interest, a smaller default value will bring about a greater cost of supervision and withdrawal from the lending market on the part of lenders and a greater risk of private lending. A higher yield rate of business project for borrowers and a smaller proportion of withdrawing for lenders will lead to a smaller risk of private lending. Therefore, private lending happening within a small circle is more efficient.
出处
《宁波大学学报（人文科学版）》
2016年第4期85-89,共5页
Journal of Ningbo University：Liberal Arts Edition
基金
宁波市和中国社科院现代高端服务业发展研究中心项目(NZKT201506)
关键词
民间借贷
债务危机
信任机制
Private lending
debt crisis
trust mechanism
