抄録
As the Chinese market expands, many Japanese companies are accelerating their entry into China. One of the management problems that Japanese companies face in China is debt collection to receive money from sales. According to a survey conducted by the Japan External Trade Organization, 39.2% of Japanese companies replied that debt collection is a business risk and problem in China.
In this paper, we examine the cause of difficulties in collecting debt in China. In particular, we focus on the theory of information asymmetry. First, we will confirm issues on the theory of information asymmetry. Then, by applying this theoretical issue to the debt collection problem, we will hypothesize that the difficulty of collecting debt is caused by information asymmetry, but it can be reduced by applying a framework in which Japanese companies take some countermeasures to reduce and minimize debt collection risk. Second, we will verify this hypothesis with a questionnaire and an individual interview survey of Japanese companies. Third, through a case study of a Japanese company, we will verify this hypothesis by examining the countermeasures to collect debt and their effects.
As a result of this study, Japanese companies have reduced their debt collection risk by taking risk aversion or risk control countermeasures. This means the hypothesis that these countermeasures can reduce the debt collection risk caused by information asymmetry could be proven.
This paper contributed as follows. First, we focused on the framework for collecting debts at Japanese companies that were rarely discussed in the previous research on debt collection in China. Second, we applied the theory of information asymmetry in microeconomics to this problem and verified that debt collection risk can be reduced by applying a framework for collecting debts at Japanese companies through various research results and case studies. Third, in addition to this verification of my hypothesis, we presented a model framework of effective debt collection through a case study.
