Analysis on Enterprises’ Credit Behavior Choices in Different Credit Culture Environments

Yuanyuan Ma

Abstract


Enterprises have been playing a more and more important role with Chinese economy growing and dynamic development in twentieth-century. In a credit economy, credit loss of businesses could bring chaos, even the credit crisis, to the whole market. Based on the construction of credit culture, the paper investigates that environment of credit cultural affects enterprises’ credit behavior choices differently through analyzing three levels (macro level, middle level, and micro level) of credit culture. And then, we conclude that businesses have different credit behavior choices in different cultural environments. Firstly, enterprises are constrained softly and encouraged positively in the macro credit culture environment. Secondly, medium credit cultural environment has comparative advantages in saving transaction costs. At last, the social capital plays the important role in micro-credit cultural environment. And then, we conclude that businesses have different credit behavior choices in different cultural environments. According to the impact of different levels of credit culture we will build a sound credit system.


Full Text: PDF DOI: 10.5430/afr.v3n1p73

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.

Accounting and Finance Research
ISSN 1927-5986 (Print)   ISSN 1927-5994 (Online)

Copyright © Sciedu Press

To make sure that you can receive messages from us, please add the 'Sciedu.ca' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.