论文部分内容阅读
理论界对民间融资市场的关注,基本定性于“民间融资活动是金融制度缺陷下对正规金融的替代和补充”。本文研究得出另一视角结论,即金融制度缺陷对民间融资的派生现象是浅表性的,民间融资与金融制度的关联仅仅是部分相关,而作为无可替代的要素市场内生性特征是其存在和发展的基础,金融制度约束只能局部抑制其作用边界,但无法完全控制其命脉。
The theoretical circles’ attention to the private financing market is basically characterized by “the private financing activities are the substitution and supplement of formal finance under the defects of the financial system.” This study draws a conclusion from another perspective that the defects of the financial system have a superficial effect on the derivation of private financing. The correlation between private financing and the financial system is only partial, but the intrinsic characteristic of the market as an irreplaceable factor is Existence and development of the foundation, the constraints of the financial system can only partially inhibit its role in the border, but can not completely control its lifeline.