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文章以某金融机构在福建省三明市和南平市2006～2010年林权抵押贷款数据进行分析,得出林业政策是林权抵押贷款信用风险的重要成因。运用期权理论、还款能力假说及信息不对称理论,指出林业政策不完善可能影响抵押林木资产安全性、约束林木资产流动性、加剧银行与借款人间信息不对称,继而引发借款人理性违约、被迫违约和故意违约。
This article analyzes the data of forestation right mortgage loan of a financial institution in Sanming City and Nanping City of Fujian Province from 2006 to 2010 and finds that the forestry policy is the important cause of the credit risk of forest right mortgage loan. By using the option theory, the repayment ability hypothesis and the information asymmetry theory, it points out that the imperfection of forestry policy may affect the security of mortgage-backed forest assets, restrain the liquidity of forest assets and aggravate the information asymmetry between banks and borrowers, Forced to default and intentional breach of contract.