Research On The Choice Of Non-cash Payment Methods In Enterprises

In recent years,innovations in non-cash payment methods have attracted widespread attention from the academic community and social media.However,the industry has focused more on innovative payment methods for resident consumers.In fact,companies have become a payment along with individual payment needs.The fundamental driving force of system change,while the changes in the payment environment are also profoundly affecting the company's production and management and decision-making model.There is a mutual influence relationship between the needs of the company's transaction and the change of the payment method.This study attempts to study the main influencing factors of the company when the payment method is mainly the choice of non-cash payment methods.Firstly,through the collation and analysis of literature data,this study reviewed the relevant theories and research overviews of corporate payment method selection,systematically summed up the definition of payment by domestic and foreign scholars,the motivations for the development of payment tools,and the motivation of firms to select payment instruments.The results,combined with the evolution and comparison of payment methods,especially non-cash payment instruments,lead to the main rules for the evolution of payment instruments: First,the change in payment methods is the substitution of non-cash payment methods for cash payments,and electronic payments for banks such as traditional bills and exchanges.Alternatives to the settlement method;second,the evolution of payment methods and the changes in transaction requirements under the commodity economy are mutually reinforcing.At the same time,this study analyzes and compares the features and developments of non-cash payment instruments used by current companies,and provides a theoretical basis for the selection of non-cash payment methods.Then,this study takes Zhoushan City as an example to carry out detailed data analysis on the use of non-cash payment instruments by enterprises.It mainly finds three points.First,the use of non-cash payment tools has increased substantially;second,traditional non-paper instruments,etc.The use of cash payment instruments has been shrinking;third,electronic payment tools have become the most important payment method in non-cash payment methods.At the same time as this analysis,combined with the theoretical basis,this study constructed a model of the influencing factors of corporate payment method selection,and put forward that assumptions that the basic attributes of enterprises,the characteristics of payment instruments,and the financial management of the company will have an important impact on the choice of payment methods of the company.A logit regression empirical study was conducted by designing a questionnaire to verify the influence of different dimensions of the company's basic attributes,payment instrument characteristics,and corporate financial management on the use of paper bills,exchange and other traditional payment methods,letters of credit,and electronic payment instruments.The main conclusions are drawn: First,large-scale traditional industries with long-lived time and downstream companies are more likely to use more traditional payment instruments such as paper bills or traditional payment methods,while privately-owned small and micro enterprises set up in cities are more likely to use electronics.With emerging payment instruments such as payments,state-owned enterprises with high credit and good longevity are more likely to obtain bank L/C services.Second,fund security is the most important factor for enterprises when selecting payment tools,and the convenience of operation also has The very important influence,especially the use of traditional payment instruments,has a significant impact;Third,the selection decisions of the company's payment methods are largely influenced by the financial managers.The older the handling personnel,the more they prefer to use the old traditions.The payment tools,the level of financial informatization of enterprises,and the enterprises with better operations are more inclined to use electronic payment tools,and the use experience of electronic payment tools is good.It is easier to continue to use the experience of using electronic payment tools.