学术动态

学术动态

网站首页 > 学术动态 > 正文

天津大学赵瑞清教授讲座通知

发布时间: 2021/05/11 11:01:36     点击次数:次   打印本页

【经管学术论坛】


报告题目:Why hasnt group lending become a mainstream SMEs financing mode?

报告摘要:SMEs have long financed from banks to keep operation via individual credit financing (CF). Recently, banks have introduced a financing mode based on joint liability-group lending (GL), which has been not prevalent, albeit shows the potential on mitigating negative effects caused by banks' risk aversion. To reveal the hidden reasons and improve GL mode, we model a market with two competitive and impecunious firms, who apply for loans from a risk-averse bank via either CF or GL. Different from the pure competition under CF, GL grants retailers a Co-Opetitive state, i.e., cooperating in financing and competing in market. Interestingly, such Co-Opetitive state may not benefit retailers. Our analysis shows that the bank's risk aversion creates ineffective financing costs under both CF and GL, leading to a financing premium problem (a profit loss) for the two firms. When facing high bank risk aversion and middle firm future revenue or facing low firm future revenue, GL may worsen the financing premium problem than CF, especially for firms with low credit ratings. This result exactly supports the fact of GL's unpopularity among SMEs, who mostly satisfy the above conditions. Further, by developing a mode with partial joint liability (GP), we eliminate the shortage of GL, and derive a possible win-win situation for firms and customers. We also prove GP's feasibility when considering loan amount restriction and multiple firms. Our research exposes the shortage of GL and provides a better method--GP for operation managers serving SMEs.

邀请人:颜迎晨

报告人:赵瑞清

报告人简介:

赵瑞清,天津大学管理与经济学部教授,博士生导师,工信部智库财经类专家、《系统工程学报》常务副主编,《Journal of Uncertain Systems》领域主编、 两次获得教育部自然科学二等奖,2007 年获得教育部新世纪优秀人才计划支持。2007 2009 年在英国从事公共安全研究。研究领域包括:委托代理、政府规制、供应链管理、合同理论和智能算法。

讲座时间:2021517日(星期一) 16:00-17:00

地点:北航新主楼A622

主办:北航经济管理学院