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Please use this identifier to cite or link to this item: http://hdl.handle.net/2344/1104

タイトル: Competition of the mechanisms : how Chinese home appliance firms coped with default risk of trade credit?
著者: Watanabe, Mariko
渡邉, 真理子
キーワード: China
Electronic industries
Corporate accounting
Industrial management
Trade credit
Distribution channel strategy
Contract
Convergence of mechanisms
Issue Date: Dec-2011
出版者: Institute of Developing Economies, JETRO
引用: IDE Discussion Paper. No. 312. 2011.12
抄録: During the transition period from a planned economy to a market economy in 1990s of China, there was a considerable accrual of deferred payment, and default due to inferior enforcement institutions. This is a very common phenomenon in the transition economies at that time. Interviews with home electronics appliance firms revealed that firms coped with this problem by adjusting their sales mechanisms (found four types), and the benefit of institutions was limited. A theoretical analysis claim that spot and integration are inferior to contracts, a contract with a rebate on volume and prepayment against an exclusive agent can realize the lowest cost and price. The empirical part showed that mechanisms converged into a mechanism with the rebate on volume an against exclusive agent and its price level is the lowest. The competition is the driving force of the convergence of mechanisms and improvement risk management capacity.
URI: http://hdl.handle.net/2344/1104
Appears in Collections:04.IDE Discussion Paper
01.経済、産業(Economy and Industry)/東アジア(East Asian Studies)

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