Using panel data of A-share main board listed companies from 2008 to 2014 as research sample,this paper studies the factors that affect enterprise entrust finance behaviors from the perspective of corporate governance and external environment.It is found that,firstly,the existence of bank executives in company is beneficial to strengthening enterprise financial management behaviors,and bank association significantly increases probability,frequency and scale of enterprises entrust finance,and shortens the term of investment,but does not significantly affect the yield return.Secondly,to some extent,behaviors of corporate entrust finance depend on regional financial culture.In the area of high level of financial culture,enterprises have higher possibility and frequency of involving in entrust finance,larger scale of investment and higher yield rate of return.Thirdly,as to the influence on probability of enterprise entrust finance,bank association substitutes regional financial culture.