《物权法》实施对企业商业信用的影响——基于供应链上下游机制视角  

The Impact of the Implementation of the Property Law on the Commercial Credit of Enterprises: Based on the Perspective of the Upstream and Downstream Mechanisms in the Supply Chain

作　　者：余静文[1] 李媛媛[1] 李濛西 Yu Jingwen;Li Yuanyuan;Li Mengxi(School of Economics and Management,Wuhan University,Hubei,Wuhan 430072,China)

机构地区：[1]武汉大学经济与管理学院,湖北武汉430072

出　　处：《金融经济学研究》2021年第3期76-90,共15页Financial Economics Research

基　　金：国家自然科学基金项目(71773084);中央高校基本科研业务费专项资金项目。

摘　　要：以2007年中国《物权法》出台为背景,将应收账款纳入质押财产范围为切入点,从供应链上下游机制探究《物权法》出台对上游企业商业信用的影响,研究表明,《物权法》的实施提高了应收账款的认可度与灵活性,并扩大了事后处置空间,从而增加了上游企业提供的商业信用。进一步研究发现,在法律制度环境较好、金融市场化程度较高地区,《物权法》对上游企业提供商业信用的促进作用更大。此外,从企业所有制来看,《物权法》对国有制的上游企业提供商业信用影响更大。而从供应链上下游机制识别《物权法》对企业商业信用影响,能够增加《物权法》效果的经验证据。Using the promulgation of the Property Law of the People’s Republic of China in 2007 as a research background, this study included accounts receivable in the scope of pledged property as an entry point to investigate the law’s impact on the commercial credit of enterprises based on upstream and downstream mechanisms in the supply chain.This study found that the implementation of the Property Law improved the recognition and flexibility of accounts receivable and expanded the room for post hoc disposition, thereby increasing the commercial credit provided by upstream enterprises.Further research found that the Property Law has a greater facilitative effect on the commercial credit provided by upstream enterprises in regions with a better legal system environment and a higher degree of financial marketization.From the perspective of enterprise ownership, the Property Law had a greater impact on the commercial credit provided by state-owned upstream enterprises.Identifying the impact of the Property Law on the commercial credit of enterprises based on the upstream and downstream mechanisms in the supply chain could increase empirical evidence in relation to the effects of the Property Law.

关 键 词：《物权法》 应收账款 上下游机制 国有企业 

分 类 号：F832.48[经济管理—金融学]