The Research of Logistical Finance Service System
Small-and-medium sized enterprises are regarded as the most active economic cells of the country, which developed so rapidly that they have played a more and more important role in respect of creating social fortunes, promoting the national economy, enhancing the countrys revenue, increasing job opportunity, activating market economy and facilitating peoples living. However, financing has been a difficult problem facing these enterprises for many years as a result of the principal-agent problem. Fortunately, along with the evolution of the delivering industry, some economists regarded finance as a key to solve the problem of small-and-medium sized enterprises. This paper demonstrates that lowing transaction costs and effective chattel mortgages are a path to solve the difficulty by establishing the dynamic game model. On the basis of analyzing the financial concepts, this paper interprets that logistical finance has a unique charm in solving the financing difficulty as a new model of financial services innovation.
small-and-medium sized enterprises dynamic game principal-agent problem transaction cost logistical finance
Tai-Feng Xia
College of Economies, Zhe Jiang University, Hang zhou
国际会议
International Forum of Knowledge as a Service(2010知识服务国际论坛)
厦门
英文
15-20
2010-04-12（万方平台首次上网日期，不代表论文的发表时间）