The Effectiveness Boundary of the Joint Punishment System for Dishonesty——Based on evidence of severe violations and dishonesty in environmental protection
The joint punishment system for dishonesty is a prototypical administrative punishment for dishonesty,which has the func-tion of protecting social public interests and is a Chinese practice to alleviate the problem of market failures in reputation-based penal-ties.The effectiveness boundary of the joint punishment system for dishonesty is determined by the scope of the government's capability to arrange or guide resource allocation.Beyond this boundary,the restrictive measures under this system fail to rectify the dysfunction of market reputation punishments among the main market players directly trading with enterprises,and the efficacy of such measures in re-stricting access to substitutable resources is diminished due to the enterprises'seeking"improper assistance".Adopting a combined theoretical and empirical approach,this study investigates abnormal changes in the debt financing such as commercial credit and em-ployee credit of enterprises with severe environmental law violations and dishonesty,revealing(1)that the joint punishment system for trust-breaking does not have unlimited effectiveness akin to"using a cannon to kill a mosquito",(2)that the system operates with an effectiveness boundary like"a screen door keeping out mosquitoes",safeguarding national resources from being encroached by entities with severe legal violations and trust-breaking records,and(3)that beyond the effectiveness boundary of the joint punishment system for dishonesty arises the issue of"improper assistance",which manifests as an increase in commercial credit and employee credit fol-lowing severe legal violations and loss of trust on the part of businesses.The findings of this article about the existence of an effective-ness boundary for the joint punishment system can offer policy reference for refining social credit systems and fostering long-term mech-anisms for integrity building.By highlighting the system's collaborative protective role for national resources,this study is also of refer-ential significance to a more comprehensive academic understanding of the joint punishment mechanism for trust breaking.
joint punishment system for trust breakingboundary of effectivenesscommercial creditemployee creditimproper as-sistance
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