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| Content Provider | IEEE Xplore Digital Library |
|---|---|
| Author | Yue Wang Xuezhi Qin |
| Copyright Year | 2008 |
| Description | Author affiliation: Sch. of Manage., Dalian Univ. of Technol., Dalian (Yue Wang; Xuezhi Qin) |
| Abstract | This paper studies the interaction of credit loan game. In our model with subjective and objective dual credit risk, multi-channel financial mode, we present game equilibrium relationship of the enterprise, the non-banking financial institution and the bank. Then we give corresponding investment and financing policies, and in detailed explain following problems such as the impact of the enterprise's absolute risk-aversion degree and bank's loan interest on enterprise's income, the relationship between optimal financing structure and moral hazard, loan interest rate. We give each of the optimal strategies under the game equilibrium condition. Then by empirical analysis we explore the root cause for the financing difficult. Finally, we give some policy suggestions for this point. |
| Starting Page | 1 |
| Ending Page | 4 |
| File Size | 134362 |
| Page Count | 4 |
| File Format | |
| ISBN | 9781424421077 |
| DOI | 10.1109/WiCom.2008.2359 |
| Language | English |
| Publisher | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Publisher Date | 2008-10-12 |
| Publisher Place | China |
| Access Restriction | Subscribed |
| Rights Holder | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Subject Keyword | Ethics Technology management Costs Investments Finance Production Hazards Random variables Risk management Game theory |
| Content Type | Text |
| Resource Type | Article |
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