Incentive Contract Design for Online Supply Chain Finance

DOI

10.2991/icpel-18.2018.59How to use a DOI?

Keywords

online supply chain finance, incentive contract, principal-agent theory, incentive mechanism

Abstract

As a financial model innovation, online supply chain finance is undergoing changes in its financing model, credit model and organizational structure. As the dominant party varies, banks are not necessarily the dominant party in financial transactions. Changes took place in the original principal-agent relationship. In the new model, how to design contractual relationships among financial participants becomes an urgent issue to solve. This paper studied the principal-agent relationship between the platform and the bank in the new financial model with the non-financial institution as the dominant party, and the optimization and design of the incentive contract of the financial partner. It offers new ideas to effectively control the credit risk of online supply chain finance.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Xiang Tu
AU  - Qifeng Yang
AU  - Ping Song
PY  - 2018/10
DA  - 2018/10
TI  - Incentive Contract Design for Online Supply Chain Finance
BT  - Proceedings of the 2018 3rd International Conference on Politics, Economics and Law (ICPEL 2018)
PB  - Atlantis Press
SP  - 256
EP  - 259
SN  - 2352-5398
UR  - https://doi.org/10.2991/icpel-18.2018.59
DO  - 10.2991/icpel-18.2018.59
ID  - Tu2018/10
ER  -