The analysis on mutual credit guarantee principal-agent mechanism

@article{Cui2010TheAO,
  title={The analysis on mutual credit guarantee principal-agent mechanism},
  author={Xiaoling Cui and Yunfeng Wang and Yanlei Zhuang},
  journal={2010 International Conference on Logistics Systems and Intelligent Management (ICLSIM)},
  year={2010},
  volume={1},
  pages={352-356}
}
By using the allocation of guarantee rate savings as incentive mechanism and introducing the influence coefficient of the other SME's relative guarantee rate savings, the principal-agent relationship of mutual credit guarantee institutions and small and medium-sized enterprises (SMEs) was investigated in this paper. It was proved that the larger relativity… CONTINUE READING