Contract Design of Income Distribution for Banks and Logistics Enterprises in Uniform Credit Financing Mode

摘要

Considering the financial feature of logistics enterprises, this paper discusses the uniform credit financing mode that allows banks and logistics enterprises to have comprehensive cooperative relations based on the existing inventory financing products. Introducing the idea of "two sides decide the market", the paper analyzes the problem of income distribution in the capital supply chain that consists of commercial banks, logistics enterprises and loan enterprises. In the contract, this paper uses Stackelberg game theory of complete information to analyze the behavior of banks and logistics enterprises, and then applies backward induction method to get the risk bearing rate of logistics enterprises, the loan-to-value ratio and bank lending rate. The result indicates that, under uniform credit financing model which depends on logistics enterprises to determine loan-to-value ratio and banks to determine lending rate accordingly can expand the demand of financing market and create more benefit for all participants. Finally, the sensitivity analysis of small enterprises compliance rate and pledge realizability demonstrates that the interest relationship in the model is compatible with the reality.