Research on the Operational Efficiency and Influencing Factors of Policy-oriented Credit Guarantee Institutions in Hunan Province
Policy-oriented financing guarantee institutions have played a positive role in supporting agriculture and small businesses by leveraging collateral substitution mechanisms to effectively alleviate financing difficulties and high financing costs.This paper is based on the business data of 32 policy-oriented financing guarantee institutions in Hunan Province from 2020 to 2022,and uses the DEA-Tobit regression model to empirically analyze the operational efficiency and influencing factors of policy-oriented credit guarantee institutions.The research results indicate that policy-oriented guarantee institutions are still in the early stages of development,and their overall efficiency needs to be improved,that the average comprehensive financing cost has a negative impact on the operational efficiency of policy-oriented guarantee institutions,and that the coverage rate of guarantee business and the recovery rate have a positive impact on the operational efficiency of institutions.Based on the above analysis,policy recommendations are proposed to improve the pattern of policy-oriented guarantee business,adhere to policy positioning,and strengthen the cooperation mechanism between the government and banks.
NETL
NSTL
万方数据
