[关键词]
[摘要]
基于湖南省92家农民合作社的调查数据,从总体资产专用性水平、不同类别的资产专用性二个方面利用多元回归方程,分析资产专用性对农民合作社债务融资的影响。研究结果表明:资产专用性有利于农民合作社债务融资;相比非示范社,示范社的资产专用性对债务融资的促进作用更强;不同类别的资产专用性中实物、人力资本与农民合作社债务融资都呈现显著的正相关关系;农民合作社的债务融资与合作社规模和盈利能力呈现显著负相关。
[Key word]
[Abstract]
Based on the survey data of 92 farmers' cooperatives in Hunan province, this paper analyzes the impact of asset specificity on debt financing of farmers' cooperatives by using multiple regression equation from two aspects of overall asset specificity level and different types of asset specificity. The results show that: the asset specificity is conducive to the debt financing of farmers' cooperatives; compared with non demonstration cooperatives, the asset specificity of demonstration cooperatives has a stronger role in promoting debt financing; in different types of asset specificity, physical, human capital and debt financing of farmers' cooperatives show a significant positive correlation; and the debt financing of farmer cooperatives is significantly negatively correlated with the size and profitability of cooperatives.
[中图分类号]
F323.9
[基金项目]