The Evolutionary Game Analysis of Credit Behavior of SME in Guaranteed Loans Organization

被引:3
|
作者
Xu Chao [1 ]
Zhou Zongfang [1 ]
机构
[1] Univ Elect Sci & Technol China, Sch Econ & Management, Chengdu 610054, Peoples R China
关键词
Guaranteed Loans; Small and Medium Enterprises; Credit Risk; Evolutionary Game;
D O I
10.1016/j.procs.2013.05.118
中图分类号
TP [自动化技术、计算机技术];
学科分类号
0812 ;
摘要
The guaranteed loans mode was proposed to solve the small and medium enterprises' financing difficulties, but it did not achieve the desired results. The credit risk of organization would cause a chain reaction and result in huge losses. In this paper, we studied the credit behavior of companies by evolutionary game theory. First, we analyzed the situation when the organization composed by two companies and found out the conditions that ensure the sustained and stable development. Further, we researched the organization of a number of enterprises. The result shown that implement reasonable entry and exit mechanisms could effectively manage and control credit risk. (C) 2013 The Authors. Published by Elsevier B.V.
引用
收藏
页码:930 / 938
页数:9
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