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Financial Aspects of Transactions with FDI: Trade Credit Provision by SMEs in China
https://doi.org/10.20561/00038063
https://doi.org/10.20561/00038063462b010e-2c6a-4af6-b279-3c76675ae402
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
本文 (247.7 kB)
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| Item type | アジ研テクニカルレポート / IDE Technical Report(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2007-05-02 | |||||
| タイトル | ||||||
| タイトル | Financial Aspects of Transactions with FDI: Trade Credit Provision by SMEs in China | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| 資源タイプ | ||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_18gh | |||||
| 資源タイプ | technical report | |||||
| ID登録 | ||||||
| ID登録 | 10.20561/00038063 | |||||
| ID登録タイプ | JaLC | |||||
| 著者 |
Ito, Seiro
× Ito, Seiro× Watanabe, Mariko× Yanagawa, Noriyuki |
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| 著者別名 | ||||||
| 伊藤, 成朗 | ||||||
| 著者別名 | ||||||
| 渡邉, 真理子 | ||||||
| 著者別名 | ||||||
| 柳川, 範之 | ||||||
| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | This paper will document financial aspects of transactions, and trade credit supply behavior with FDI among small and medium-sized enterprises(SMEs) based on two original surveys, conducted in four cities in China in 2003. The survey was designed to capture the nature of inter-firm transactions, trade credit and other financial conditions. Literature on FDI mainly refers to technology transfer, employment or investment. This paper focuses on the role and significance of FDI in the supply of trade credit due to its trade credit enforcement technology. Yanagawa, Ito and Watanabe [2006] developed a model which indicates that when a seller has higher enforcement technology or a buyer has richer liquidity, both trade credit and transaction volume will be increased. In this paper, we confirmed that FDI and G contributed to the provision of trade credit and had a positive external effect on trade credit enforcement towards China’s economy. (1) Sales towards FDI customers have the power to increase the trade credit ratio,even when controlling other factors such as choice of payment instrument, competitiveness, and expost default management. This implies that FDI does provide trade credit, not only because it has superior liquidity, but because it is also superior in terms of enforcement of trade credit repayment.(2) Cash constraints of the buyer influence the decisions concerning trade credit provided by the seller, as a model in Yanagawa, et al. [2006] predicted, and this implies that strategic default is a serious concern among SMEs in China. (3) Spillover effect exists in payment enforcement technology in transactions with FDI customers. |
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| 権利 | ||||||
| 権利情報 | Copyrights 日本貿易振興機構（ジェトロ）アジア経済研究所 / Institute of Developing Economies, Japan External Trade Organization (IDE-JETRO) http://www.ide.go.jp | |||||
| 収録情報 |
IDE Discussion Paper en : IDE Discussion Paper 巻 99, 発行日 2007-04-01 |
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| 出版者 | ||||||
| 出版者 | Institute of Developing Economies (IDE-JETRO) | |||||
| 著者版フラグ | ||||||
| 出版タイプ | VoR | |||||
| 出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||
| 日本十進分類法 | ||||||
| 主題Scheme | NDC | |||||
| 主題 | 338.92 | |||||
| JEL分類 | ||||||
| 主題Scheme | Other | |||||
| 主題 | JEL:G2 - Financial Institutions and Services | |||||
| JEL分類 | ||||||
| 主題Scheme | Other | |||||
| 主題 | JEL:K0 - General | |||||
| JEL分類 | ||||||
| 主題Scheme | Other | |||||
| 主題 | JEL:O5 - Economywide Country Studies | |||||
| JEL分類 | ||||||
| 主題Scheme | Other | |||||
| 主題 | JEL:P31 - Socialist Enterprises and Their Transitions | |||||
| 地域/国名 | ||||||
| 位置情報（自由記述） | 中国 | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Incomplete contract | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Trade credit | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Spillover of technology | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | FDI | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Government-owned firms | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | China | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Foreign investments | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Credit | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | Small and medium-scale enterprises | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | 中国 | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | 国際投資 | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | 信用 | |||||
| キーワード(LSH) | ||||||
| 主題Scheme | Other | |||||
| 主題 | 中小企業 | |||||
| フォーマット | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | application/pdf | |||||
| DIG_NO | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | IDP000099_001 | |||||
