从“形式”到“实质”：企业信用修复实证研究

打开文本图片集

[中图分类号]D922.1；F276[文献标识码]A [文章编号]1671-8372（2025）04-0083-11

Abstract：Enterprise credit repair is a core link in theconstruction of social credit rule of law.However，it has long being trapped ina stateof“formal compliance”，which fails to fundamentallyenhance corporate“substantive integrity’or effectively prevent the reoccurrence of untrustworthy behaviors after repair.This study selects 30 listed companieseachfromGuangdong，Anhui，SichuanandLiaoning provinces，representingtheeastern，central，western andnortheasternregionsofChina，assamples.Usingadiference-in-iferencesmethod，itanalyzes theimpactofredit repair oncorporate profitability and the frequency of untrustworthy behavior.The findings reveal that，while credit repair significantly improves corporate profitabilityit hasno statisticallsignificant effectonreducing the frequencyof untrustworthybehavior.Thisindicates thatanenterprise’stendencytowards“formalrepair"canunderminetheoverall fectivenessof the credit repair processGrounded inthe principleof proportionalityfromadministrative lawand the principle of good faith incivil law，this study proposedan institutional framework comprisinga“Thre-Dimensional Repair Benchmark"and a“Four-Level Repair System”.The aim is to establish a tripartite co-governance system involving“public authorities，technical platforms，and social entities”，thereby steering credit repair from“formal compliance" towards“substantive integrity”.

Key words：social credit system; credit repair; form and substance;difference-in-differences method

一、引言

企业信用修复是社会信用体系建设的核心环节，其法治化推进直接关系到营商环境优化与市场秩序稳定。（剩余16661字）