文献类型：期刊文献

中文题名：金融可及性、互联网金融和家庭信贷约束——基于CHFS数据的实证研究

英文题名：Financial Availability,Internet Finance and Households' Credit Constraints:Evidence from CHFS Data

作者：尹志超[1];张号栋[2]

第一作者：尹志超

机构：[1]首都经济贸易大学;[2]河南财经政法大学

第一机构：首都经济贸易大学,北京100070

年份：2018

卷号：0

期号：11

起止页码：188-206

中文期刊名：金融研究

外文期刊名：Journal of Financial Research

收录：CSTPCD;;国家哲学社会科学学术期刊数据库;北大核心:【北大核心2017】；社科基金资助期刊;CSSCI:【CSSCI2017_2018】；

基金：国家自然科学基金一般项目(项目编号:71373213);国家社科基金重点项目(项目编号:16AZD014);中组部万人计划"青年拔尖人才";北京市优秀拔尖团队等项目的资助

语种：中文

中文关键词：金融可及性;互联网金融;家庭信贷需求;家庭信贷约束

外文关键词：Financial Availability;Internet Finance;Households’Credit Demand;Households’Credit Constraints

摘要：本文基于中国家庭金融调查(CHFS)数据,选择工具变量,采用极大似然估计方法发现,金融可及性可显著增加家庭信贷需求,同时显著降低家庭信贷约束的概率。进一步,本文发现金融可及性可显著降低家庭需求型信贷约束和供给型信贷约束的概率。本文引入互联网金融变量后发现,在正规金融不可及的情况下,互联网金融可显著促进家庭信贷需求,并降低家庭信贷约束的概率。本文政策含义是,提高金融可及性,推广互联网金融,对于释放家庭信贷需求,缓解家庭信贷约束,提升家庭消费水平具有积极意义。
Based on China Household Finance Survey data in 2013, by choosing Instrumental Variable and using Maximum Likelihood estimation, this paper finds financial availability can significantly improve households' credit demand and reduce the probability of households' credit constraints. Further, this paper finds financial availability can significantly reduce the probability of households' demand credit constraints and supply credit constraints. In addition, this paper finds, under the condition of the formal financial unavailability, internet finance can significantly promote households' credit demand and can significantly reduce the probability of households' credit constraints. The policy implication is that improving financial availability and popularizing internet finance can release households' credit demand, alleviate households' credit constraints and improve the level of household consuption.