Financial Contract Model of Credit Guarantee under the Condition of Risk-limitation

摘要：

In order to control credit guarantee risk, it has built a credit guarantee financial contract model under the condition of risk limitation. The strategy of credit guarantee institution may be decided by its risk limit. There are many factors that decide critical risk of credit guarantee institution together. The analysis result has shown that credit guarantee institution may agree to guarantee or refuse to guarantee for SME according to the interval of retained earnings of SME. When the retained earnings of SME is in the interval, credit guarantee institution can make the optimal strategy, otherwise, it can’t. The conclusion can direct credit guarantee practice effectively.

关键词： Credit Guarantee Asymmetric Information Financial Contract Model Risk Limit

作者: Xiaoling Cui Dan Wang Yunfeng Wang

作者单位: School of Economics and Management, Liaoning Shihua University, Fushun 113001, China PetroChina Fushun Petrochemical Company, Fushun, 113008, China

会议类型: 国际会议

会议名称: The 24th Chinese Control and Decision Conference (第24届中国控制与决策学术年会 2012 CCDC)

会议地点: 太原

会议语种:英文

页码: 2055-2058

在线出版日期: 2012-05-23（万方平台首次上网日期，不代表论文的发表时间）