Research On China Enterprise Credit Supervision

The credit,as the important economic resource and intangible asset,has laid the foundation for the operation of the market economy,with profound impact on the survival and development of the human society.The credit relations not only embody a kind of market transaction mechanism,but also reflect the most fundamental social relationships.The social credit system is composed of three parts-individual credit,enterprise credit and government credit,and the enterprise credit is the core.In order to better rectify and standardize the order of the market economy,the government needs to strengthen the construction of enterprise credit system and focus on promoting the process of the construction of enterprise credit system.As the department of market supervision and administrative law enforcement,the administrative department for industry and commerce,with the goals of promoting the transaction security,creating the good market environment,maintaining the legitimate rights and interests of operators and consumers,shoulders the important duty of enterprise credit supervision.Although there are some literatures home and abroad on the enterprise credit supervision to a certain extent,but generally speaking,these study perspectives are macro,and the contents are relatively broad,with few achievements on the positioning and fulfillment of the administrative department for industry and commerce in the enterprise credit supervision.Therefore,the study of strengthening such problem is of great significance to the construction of effective enterprise credit supervision system and improvement of the efficiency of the administrative department for industry and commerce.With combination of the institutional analysis,empirical analysis,normative and prescriptive analysis method,this study first makes the different level successive literature summary of the enterprise credit and enterprise credit supervision,summarizes the relevant research results,analyzes its value,and points out the further space for study.Second,this study analyzes the specific connotation of enterprise credit supervision,uses the transaction cost,information economics,game theory,institutional economics related theory to build the theoretical framework for analyzing the credit problem,thus to demonstrate the necessity of government intervention in the enterprise credit governance with the method of constructing game model.Third,with analysis of the importance and urgency of enterprise credit system construction in China as well as the feasibility of the government participation,this study reviews the historical process of enterprise credit system construction in China,and analyzes the damages and causes of the enterprise credit loss from the multiple perspectives of enterprise status in China through the visual ways such as reference data and charts,etc..Fourth,this study summarizes the work achievements made in the field of enterprise credit supervision by the administrative department for industry and commerce in recent years,analyzes the problems arising in the practice,and learns the advanced experience of foreign enterprise credit supervision in order to provide reference for credit supervision in Chinese enterprises.Fifth,with combination of current policy environment and specific situation,it puts forward the ideas and countermeasures for the current administrative department for industry and commerce to strengthen the enterprise credit supervision with the idea of multi collaborative governance from several perspectives.Through the analysis,this study draws the following conclusions:(1)The enterprise credit is mainly affected by the times of game(The repeatability of the transaction is of important impact on the enterprise's selection of the credit strategy;under the circumstance of repeating transactions,the enterprises will give up the short-term benefits gained by cheating due to the long-term interests,preferring to keeping faith in the transactions),formal institutions,informal institutions and the government behavior;(2)The property right is the foundation of the credit system,and the existence of property rights is able to create a kind of rules of stable expectations,repeated game,and ensure the long-term stability of the enterprise;(3)The law is the bottom line of rigid constraints and acts,which is the guarantee for the credit system;(4)The probability of the dishonesty behavior found and the cost of the dishonesty behavior punished are the key factors for selection of the strategy of constraining the transaction subject;therefore,the government's regulation method to a certain extent of solving the problem of market failure is necessary,namely,the government needs to perform the external supervision of enterprise credit.The external supervision of enterprise credit is an important function that the government needs to fulfill.Based on the previous research,this study is innovative in the following aspects:(1)In the research perspective,it explores the function of the administrative department for industry and commerce in the construction of enterprise credit supervision system,which not only provides the theoretical reference for the practice of enterprise credit supervision system within the system,but also provides the theoretical reference for the positioning of government functions;(2)In the contents,this study not only analyzes the mode of foreign enterprise credit supervision systematically,but also analyzes the study of the function and issues of the current enterprise credit supervision system of the current administrative department for industry and commerce as well as the countermeasure analysis,with relatively strong systematization and operability.This study focuses on the normative and prescriptive theoretical analysis,lacking the mathematical analysis.In the actual study,on the one hand,it is difficult to collect the data due to narrow source channel or completely closed channel of the relevant data.On the other hand,it is difficult to carry out derivation and instruction using quantitative analysis and mathematical analysis model,thus to weaken the persuasion force of the interpretation,which is the inadequacy of this study.