基于产业价值链的企业商业信用行为研究

An Empirical Investigation of Trade Credit based on Industry Value Chain

当企业融入了产业价值链的分工,企业的商业信用行为会受到产业价值链因素的影响。而对于企业来说,产业价值链的重要性主要体现在企业同上下游即供应商与客户之间的关系上,企业同上下游的关系一定程度上决定企业在产业价值链上的地位。利用上市公司粗略地构造了"煤、石油-化工"这样一条产业价值链,以产业价值链为背景,研究产业价值链上不同类型的企业的商业信用行为的差异。

When an enterprise belongs to an industry value chain, the nexus between the suppliers and the enterprise and the nexus between the enterprise and their customers may play an important role in the trade credit. This paper chooses some enterprise from the stock market to formulate an industry value chain and divides the sample enterprises into four groups. Then this paper use the regression model to test the influence factors to the trade credit from the four groups. At last the paper conclude that the influence factors may be different to various enterprises due to their different status in the industry value chain.