文章基本信息

标题：The Research on Correlations of Credit Risk and Moral Hazard for the EG
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作者：Yu XIA ; Zongfang ZHOU ; Yang YANG 等
期刊名称：Management Science and Engineering
印刷版ISSN：1913-0341
电子版ISSN：1913-035X
出版年度：2013
卷号：7
期号：1
页码：14-17
DOI：10.3968/j.mse.1913035X20130701.1259
语种：English
出版社：Canadian Research & Development Center of Sciences and Cultures
摘要：This paper, under the assumption of risk-neutral, analyzed the relationship between the probability of occurrence of moral hazard and the default probability of the EG (enterprise group), theoretically demonstrated the inner mechanism between the moral hazard and credit risk of the EG, and highlighted the role of bank loan interest played in the control of moral hazard and credit risk. The research shows: (1) There is nonlinear relationship between the probability of occurrence of moral hazard and the default probability of the EG; (2) There is an exogenous variable, loan interest rate, which makes the default probability extremum.
其他摘要：This paper, under the assumption of risk-neutral, analyzed the relationship between the probability of occurrence of moral hazard and the default probability of the EG (enterprise group), theoretically demonstrated the inner mechanism between the moral hazard and credit risk of the EG, and highlighted the role of bank loan interest played in the control of moral hazard and credit risk. The research shows: (1) There is nonlinear relationship between the probability of occurrence of moral hazard and the default probability of the EG; (2) There is an exogenous variable, loan interest rate, which makes the default probability extremum.
关键词：EG (Enterprise Group);Moral Hazard;Default Probability;Loan Interest