On The Business Credit

We have come into the market economy times, and the practice in building the socialistic market economy has helped us acquire a deeper understanding of the essence and the internal mechanism of the marketeconomy. In this process we come to know that the market economy is credit economy, which has many functions such as saving the exchange cost. Sound credit is the basis of the good development of the socialistic market economy and the exaltation of our enterprises' competitive ability. We all know the importance of the enterprise credit. With its accession to the World Trade Organization (WTO), China is holding the balance in the world market, but now we are facing serious credit crisis, and the credit crisis has damaged the national economy's sound development, the upgrade of the industrial structure, the enterprise management, and so on. Now, even someone calls our economy bilk economy, and one foreign expert also says what our country seriously needs is not the capital, the technology, the competent people, but the credit and the credit system. What is the reason that the credit level is declining when the economy is prosperous? Is it due to Chinese nature? Is it only because of the enterprises'moral problem? Is there any other reason for the lack of credit? On account of the importance and the actuality of the enterprise credit to our country, it is very important and imminent to study the enterprise credit. In economics theory, the enterprise's conduct has been the focus of the research in new industrial organization field, while the credit is one of the manners of enterprise conduct, so the study in credit is also of great significance in theory.This thesis consists of the discussion of the development of enterprise credit, the loss and causation of credit lack, the measure to improve the level of credit. The author hopes he can do something to improve the enterprise credit, and this is also his duty as an economic postgraduate. In this thesis, the author combines the bargain theory, new systemic economy theory, information economy theory and game theory with ourenterprises' practice, then draws some useful conclusions. There are some innovations and characteristics in this study: Firstly, the study is closely linked with the economic reform practice, and the credit is very important to our economy and enterprises, so it is of considerable practical value. Secondly, the thesis studies credit in an all-round way. There are many theses in credit field, but most of them analyze in a single way. In this thesis, the author attempts to study credit from different aspects such as government, property right, law, information, etc, which is somewhat innovative.Thirdly, this thesis studies credit systemically with game theory, new systemic economy, information economy, property right theory and trust-agent theory.Fourthly, the thesis indicates clearly there are not only objective causes but also subjective causes leading to the lack of credit, and the enterprise also has its obligation to improve the level of credit. Fifthly, this thesis attempts to study enterprise credit linked with industrial economy. This paper includes the preface and the other five parts. The preface is mainly about the background and significance of this research in theory and in practice. We are building the socialist market economy in an all-round way, and the effects of market credit become more and more important, but still now we still have not perfect credit system. The lack of credit is serious in our enterprises. Someone points out what we need urgently is credit after entering into WTO, but not capital and technology. The credit lack hampers us maintaining a sustained, rapid and sound development of the national economy, and hampers exalting the competitive ability of our enterprises in the world. In the first part, the author summarizes simply the enterprise credit. Firstly, the author analyzes the appearance and the development of thecredit, and concludes th...