Management Science · 2025 · Rimmy E. Tomy、Regina Wittenberg-Moerman
中文摘要
在非正规经济体中经营的商贩在信贷配置决策中倾向于使用非会计类指标。本文结合问卷调查与假想选择实验,考察批发商对零售商会计信息的偏好,以及尤为重要的一点——会计信息使用有限的原因。基于对批发商为获取零售商信息的支付意愿的估计,我们发现,尽管批发商仍然重视零售商的社区成员身份和关系持续时间等非会计信息,但在作出信贷决策时,批发商也压倒性地重视销售额和利润。然而,批发商并不使用会计信息,因为其被认为不可靠;而零售商不分享此类信息,则是因为这些信息可能被滥用。我们的研究结果表明,提高会计信息的可靠性并防止其被滥用,将增加此类信息在非正规市场信贷配置中的使用。
Abstract
Traders operating in informal economies tend to use nonaccounting metrics in their credit allocation decisions. By using a combination of survey questions and a hypothetical choice experiment, we explore wholesalers’ preferences for retailers’ accounting information and, importantly, the reasons for its limited use. Based on estimates of wholesalers’ willingness to pay for retailer information, we find that, although wholesalers continue to value nonaccounting information such as retailers’ community membership and relationship length, wholesalers also overwhelmingly value sales and profits in making credit decisions. However, wholesalers do not use accounting information because it is perceived to be unreliable, and retailers do not share this information because it might be misused. Our findings suggest that improving the reliability of accounting information and preventing its misuse will increase the use of such information in credit allocation in informal markets.