中文摘要：

我国农民专业合作社普遍面临着资金短缺的问题,现有主要资金来源是内部融资渠道,外部融资发挥的作用较少。基于福建省农民专业合作社实地调研数据,采用回归统计分析的方法,分析了合作社外部融资渠道正规融资体系和非正规融资体系两个方面变量,探讨合作社外部融资渠道的影响因素。结果表明,合作社外部正规融资渠道影响最为显著的因素是合作社盈利能力以及负责人收入水平,有过融资历史的合作社更加容易获得正规渠道的融资;外部非正规融资渠道影响最为显著因素是负责人年龄、文化程度、合作社非正规融资历史、地区GDP、非正规融资利率,有过非正规融资历史的合作社更加容易获得非正规渠道的融资。最后从提高合作社负责人自身素质与实力,合作社提高盈利能力,合作社成员的收入水平和合作社公益性担保基金建设等方面促进农民专业合作社外部融资渠道建设,以此促进农业现代化建设。

英文摘要：

Professional farmer cooperatives in China face a common challenge--finance constraint. Most of the professional farmer cooperatives depend on internal funding and the role of external financing is very limited. Based on the first hand survey data from Fujian and applying the empirical regression method, this paper analyzed cooperatives＇ formal and informal external funding sources and the influencing factors. Results show that 1） most significant factors of formal funding channel are profitability and income. The cooperatives with the history of financing could easily obtain fund through formal financing channels; and 2） most significant factors of informal funding channel are the age of cooperative＇s chairman, his education level, cooperative＇s informal financing history, the local gross domestic product, and the interest rate of informal funding. The cooperatives with the history of the informal financing could easily obtain funds through informal financing channels. To promote the healthy development of professional farmer cooperatives through obtaining more external funding, this paper suggest to improve chairman＇s personal reputation, to enhance cooperative＇s profitability, to increase the income levels of the cooperative members, and to construct cooperatives＇ public welfare guarantee funds.