Trust, interlinking transactions and credit in the industrial district
Trust, interlinking transactions and credit in the industrial district
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DOI：
10.1093/oxfordjournals.cje.a035289
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发表时间：
1994-12
影响因子：
2
通讯作者：
G. D. Ottati
中科院分区：
文献类型：
--
作者：
G. D. Ottati
“工业区”的一个基本特征是其中的个人和公司之间的信任。本文主要关注的是基于投资建立良好声誉的信任，这种个人资本甚至可以替代抵押品来获得信用。因此，非正规信贷是工业区经济发展的一种重要融资方式，它往往与其他交易，特别是分包有关。此外，信任作为个人资本的重要性导致了双重的金融中介。在工业区，这种双重中介构成了一种减少信息问题的手段，这些问题通常是导致信贷配给的原因。(C)1994学术出版社，Inc.版权所有，牛津大学出版社1994年。
An essential feature of the 'industrial district' is trust among individuals and firms within it. This paper focuses mainly on trust based on investments in building up a good reputation that is a 'personal capital' that can even substitute for collateral in obtaining credit. Informal credit, often linked to other transactions and especially subcontracting, is therefore an important way of financing economic development in the industrial district. Moreover, the importance of trust as personal capital gives rise to a double financial intermediation. In the industrial district, this double intermediation constitutes a device to reduce information problems that are usually responsible for credit rationing. (c) 1994 Academic Press, Inc. Copyright 1994 by Oxford University Press.