Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
The Law Businessman and the Trade Credit Decision
Stockholm University, Faculty of Social Sciences, School of Business.ORCID iD: 0000-0002-7908-3958
2006 (English)In: The Uppsala Yearbook of East European Law, London: Simmonds & Hill , 2006, 226-266 p.Chapter in book (Refereed)
Abstract [en]

This study analyzes the impact of private and public order institutions on the provision of trade credit in Russia. It shows, ceteris paribus, that managers‘ perception of their own ability to use legal terminology and their perception of lawyers‘ effectiveness in the solution of commercial conflicts have a significant impact on the provision of trade credit to clients. The perception of the effectiveness of commercial courts and law enforcement has little or no impact at all on the provision of trade credit. 246 managers in three towns in northwest Russia participated in the survey. The results propose that internal legal determinants in the form of legal consciousness better explain provision of trade credit than do external legal determinants in contrast to current theory. This observation suggest that human legal capital has unexploited potential for explaining financial transactional behaviour.

Place, publisher, year, edition, pages
London: Simmonds & Hill , 2006. 226-266 p.
Keyword [en]
Legal self-efficacy, self-efficacy, self-concept, lawyers, legal consciousness, trade associations, courts, law enforcement agencies, trade credit, Russia, contract enforcement mechanisms.
Keyword [sv]
handelskredit, rättssjälvtillit, domstolar, rättskipning, affärsrisk, Ryssland, kontraktsuppfyllnadsmekanismer, rättsmedvetande
National Category
Economics and Business
Research subject
Business Administration
Identifiers
URN: urn:nbn:se:su:diva-98052ISBN: 1-898029-67-9 (print)OAI: oai:DiVA.org:su-98052DiVA: diva2:682264
Funder
The Foundation for Baltic and East European Studies
Available from: 2013-12-26 Created: 2013-12-26 Last updated: 2014-01-10Bibliographically approved
In thesis
1. The Law BusinessmanTM: Five Essays on Legal Self-efficacy and Business Risk
Open this publication in new window or tab >>The Law BusinessmanTM: Five Essays on Legal Self-efficacy and Business Risk
2013 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

The thesis challenges the notion of effectiveness of law as being based on the formal institutions of courts, law enforcement and written law. It argues that the best way to measure the effectiveness of law is the legal self-efficacy of laymen who are the end users of law.  It presents a new perspective on the effectiveness of law. It turns the traditional perspective of studying the effects of legal institutions around and instead studies the effect of how individuals perceive their own ability to use law. This self-reflexive ability - legal self-efficacy -  is the answer to the question “How comfortable are with communicating with legal terminology?”. The thesis makes several comparisons using the traditional perspective and legal self-efficacy and finds that legal self-efficacy is a better measure of legal effectiveness.

This thesis analyzes 246 businesspeople in Russia and their risk behavior  with regards to economic transactions in relation to legal self-efficacy.  The theory behind legal self-efficacy is a combination of Luhmann’s theory of law as communication and Bandura’s concept of self-efficacy.  The first paper applies the traditional approach. It analyzes the effect of legal efficiency on leverage and debt maturity for listed and non-listed companies. The second paper is describes the conceptual foundation of the legal effectiveness based on the individual. The third paper compares the effect of private order (including legal self-efficacy) and public order institutions on the granting of trade credit.  The fourth paper analyzes the impact of legal self-efficacy and formal legal institutions on sanctions against clients in a comparative perspective. The final paper seeks out possible sources of legal self-efficacy.

Legal self-efficacy can be used to better understand the interaction of individuals and law including such fields of research as behavioral accounting, behavioral law and finance, legal sociology and legal studies. 

Place, publisher, year, edition, pages
Stockholm: School of Business, Stockholm University, 2013. 88 p.
Keyword
legal self-efficacy, legal effectiveness, legal terminology, trade credit, institutional effectiveness, mechanisms of risk reduction, public order, private order, legal family, leverage, long term debt, legal efficiency, trade sanctions, debt maturity, creditor rights, corporate governance, Luhmann, Russia, Central and Eastern Europe, legal sociology, law and finance, law and economics, legal studies, legal consciousness, self-efficacy, rättssjälvtillit, rättseffektivitet, kreditrisk, handelskredit, sanktioner, institutionell effektivitet, redovisningssjälvtillit, riskreduceringsmekanismer offentliga och privata, rättsfamilj, handelssanktioner, långsiktiga skulder, kortsiktiga skulder, borgenärsrättitgheter, handelssanktioner, corporate governance, Luhmann, Ryssland, Central och Östeuropa, rättssociologi, rätt och finans, rättsekonomi, juridik, rättsmedvetandet, självtillit
National Category
Business Administration
Research subject
Business Administration
Identifiers
urn:nbn:se:su:diva-97625 (URN)978-91-7447-812-9 (ISBN)
Public defence
2014-01-24, Gröjersalen, hus 3, Kräftriket, Roslagsvägen 101, Stockholm, 13:00 (Swedish)
Opponent
Supervisors
Available from: 2014-01-02 Created: 2013-12-16 Last updated: 2014-01-14Bibliographically approved

Open Access in DiVA

tredje uppsatsen(608 kB)97 downloads
File information
File name FULLTEXT01.pdfFile size 608 kBChecksum SHA-512
a0c2a4d4101744c571ccca7f6a2f1a5aa4207baa5c6fa0611ff1d8434c4a51042f35333a0134b4ad638d571de8e4595907f28f482442176ca86b76ef7be6f53b
Type fulltextMimetype application/pdf

Search in DiVA

By author/editor
Fredrik, Jörgensen
By organisation
School of Business
Economics and Business

Search outside of DiVA

GoogleGoogle Scholar
Total: 97 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

isbn
urn-nbn

Altmetric score

isbn
urn-nbn
Total: 399 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf