Research On Institutional Deletion Of Business Credit Management

Lacking in institution of enterprise credit management has seriously effected corporate competence. This dissertation regards credit management as an important institutional arrangement of modern enterprise management system. It applies questionnaire survey methods to analyze the current status, main cause of business credit management problem in China as well as the solution to carry out the institution change. This dissertation contributes to:1. Sizing up the current institution missing problem of enterprise credit management. This dissertation divides credit management institution into credit sale institution and credit risk management institution. It demonstrates that in market economy, the sale expansion triggered by credit sale has caused the demand for credit sale management and the expansion of credit sale has caused the demand for credit risk management institution. It creates a business credit management scale and sets a sample of 995 enterprises. Following the description of their credit management practice, it quantifies the extent of credit management institution missing problem. Meanwhile, a structural equation model (SEM) is established to demonstrate the influence of credit management on enterprise competence.2. Exploring the causes of credit management institution missing problem. This dissertation starts from the supply process of credit management institution, and then it points out three basic endogenous variables which are entrepreneurs' knowledge to credit management, profit expectation and cost expectation. It creates a basis framework of the main causations of credit management institution missing problem. It also empirically tests internal causes and analyses external causes of the institution inefficiency of credit management in China.3. Discussing the path of institution establishment of enterprises credit management in China. Based on the analyses of the state and reason of enterprise credit management institution vacancy, and according to the induced nature of credit management institution change, this dissertation brings forward a basic path to push the institution construction of credit management, that is, to improve the external environment—to change the entrepreneurs expectation to credit sale—to trigger the motivation to start the institution construction, which means the government should make great effort to improve the trust environment and reduce the institutional cost of credit management. As the institutional profit exceeds institutional cost, entrepreneurs will spontaneously promote the credit management system. According to this line of thought, this dissertation designs a specific way for the government to promote the business credit management institution. Meanwhile, it puts forward a credit management institution solution, namely "four-in-one" credit service alliance to form a partly layout effect.