The Research Of Blacklist Institution Under The View Of Government Regulation

Credit is the basis of Market economy and the company’s life. But with thedeepening of the reform and opening-up policy and the development of Marketeconomy, the loss of supervision authorities in the market supervision leads that manycompanies discard this principle in the pursuit of profit, even breaking the law. As aresult, the market can be in chaos and disorder, and the public interest is infringed.The credit loss among the companies with what leads the low quality products hascaused many events during2011, such as Dyed steam buns event, Plasticizer event,Johnson&Johnson’s “Carcinogenic Gate” and Davinci Company’s “False Gate”. Allof these social hot points have provoked the customers. In this context, Blacklist,being one of tools of regulation with which the governments deal with the marketfailure, gets great attention from the administrative organs, and its application is moreand more widespread.However, the institution, commonly known as Blacklist, has no clearlytheoretical definition of its content and extension, especially bare of system research.There are existing researches that either analyze the essence, function, status quo ofBlacklist, and then give some suggestions, or mention a little in the macro research ofthe social credit system, barely of detailed and specialized research. The loss of thetheoretical research makes the institution lack of effective guide and specification,possibly leading the chaos, even the abuse of the institution. The NongFu Springcompany’s “Arsenic trioxide Gate” has given the alert. So this research has sometheoretical and practical significance.This article uses the Literature research method, Quantitative research methodand Comparative research method. The research also adopts the theory of theManagement, Jurisprudence, Economics and Administration. The article is dividedinto two parts: in the first part, author discusses the forming context, institutionattribution, essence, theoretical basis and target selection of the Blacklist in detail, andaccounts it one tool of social regulation to the economic entities in the economic field.Then, author makes the feasibility demonstration by using the Cost—Benefit Analysisand Supervise game model. In the second part, author summarizes and analyzes theinstitution’s internal defects and external challenges, and points the institutionalchange by referring to the foreign mature experience in this zone. Author will also give some suggestions according to the institution’s internal defects and externalchallenges. In the end of the article, author gets the conclusion that the integrationbetween the Blacklist institution and Credit investigation institution is the way thatreconstructs the Blacklist institution in the Chinese situation now and in the future.At last, author sincerely hopes that this research can provide some referencevalue to the follow-up.