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 of guarantee rate savings among the guaranteed SMEs could bring much higher incentive intensity of mutual credit guarantee institutions to… CONTINUE READING

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