| Many small and medium-sized enterprises have made great contributions to the promotion of China's economic development and employment.However,those enterprises are very difficult to get bank loan,and this problem still has not been effectively solved.Small and medium-sized enterprises' repayment ability is unstable,along with their high default risk,leading to banks' low lending will.Previous research of credit default influence factors mainly focus on financial theory and macroeconomic,which can be summarized as information asymmetry,soft budget constraints and financial situation.But few researchers have pay attention to the internal factor of people's repayment behavior.Therefore,based on the existing social preference theory,this article mainly examines the relationship between individual's internalized morality and repayment behavior.In this paper,we use experimental method,measure subjects' internalized morality through questionnaire,measure their repayment behavior through modified classic trust experiment.At the same time,we test subjects' risk preferences and self-interest and altruistic preferences through lottery-choice experiment and SVO experiment,in order to control their influence.Finally,this paper draws the following conclusions:(1)internalized morality can affect repayment behavior independently,but only limited to self-interested individuals.For those self-interested individuals,the stronger their internalized morality is,the better they behave.But internalized morality has no significant effects on altruistic individuals' repayment behavior.(2)The self-interest and altruistic preference has significant influence on subjects' internalized morality,altruistic individuals' internalized morality is much more intense than self-interested individuals.(3)The self-interest and altruistic preference has significant influence on subjects' repayment behavior,the repayment behavior of altruistic individuals is superior to self-interested individuals. |
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