信任问题的财务学思考

Thinking of the Trust Issues from a Financial Perspective

信任问题倍受社会学关注并已引起经济学和管理学的重视 ,但在财务学领域 ,信任问题还是一个全新的研究课题。本文认为 ,信任是信息不对称的委托代理关系 ,信任是财务行为的内生性因素。是提高财务效率的重要机制。降低信任所带来的财务风险 ,最重要的是要建立信任的保障机制。事前的信任保障机制就是审慎的信任给予机制 ,包括信息搜寻机制、信任审查机制、信任限制机制、信任和信任担保机制 ;事后的信任保障机制主要依赖于强制性的法律程序 ,包括自发性和解机制、相机控制机制、破产清算机制。

The trust issues have been well studied in social science,economics and management for a long time,but none done in financial discipline.In my opinion,trust is a special agent-principal relation with asymmetric information,an endogenetic factor in finance,and a mechanism for raising the financial efficiency as well.One important way to reduce the financial risk derived from deficient trust lies in setting up a guaranteed system,which is composed of an ante mechanism and a post one.The former,as a process trusting in somebody else,contains:information searching ,trust auditing,trust restricting and trust guaranteeing.The latter,mainly rested with the enforcement by law,involves:voluntary compromising,contingent controlling,liquidating,claiming on assets and ostensive defending.