Decision-Making through Uncertain Linguistic Information by Multi-attribute Group: Concerning Credit Guarantee Products Risk

He, Yong; Weng, Jian-xing

doi:10.12785/amis/080150

Cited by 3 publications

(4 citation statements)

References 9 publications

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“…Second, for the operating mechanism, the research results are mainly reflected in the comparison and selection of operating models (Craig et al, 2007 ; Beck et al, 2010 ), and the construction of operating systems (Boschi et al, 2014 ; Halunko et al, 2018 ), which suggest that financing guarantee business is generally implemented through policy-oriented guarantee (Luo and Huang, 2017 ). Third, in order to ensure the stable operation of policy-oriented guarantee mechanism, scholars further explored the issue of guarantee risk, including risk assessment of guarantee products (Kim and Ahn, 1997 ; He and Weng, 2014 ), identification of risk factors in guarantee networks (Berkman et al, 2009 ; He et al, 2019 ), guarantee risk control mechanism (Jeon and Sohn, 2008 ; Huang et al, 2021 ).…”

Section: Literature Reviewmentioning

confidence: 99%

Breakthrough Path of Low-Level Equilibrium of China's Policy-Oriented Financing Guarantee Market

Ding

2022

Front. Psychol.

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Policy-oriented financing guarantee schemes are widely adopted in the world to alleviate the financing difficulties of small and medium-sized enterprises. However, the development level of policy-oriented financing guarantee market in China has not reached the desired high-level equilibrium target, even though governments have issued a series of guiding policies. Accordingly, based on the evolutionary game theory, this study establishes and analyzes the game model between local governments, guarantee institutions, and banks. Then, the breakthrough effects of different paths on the low-level equilibrium of the guarantee market are simulated. The results show that strengthening superior government's performance appraisal intensity can only partially delay the “window period” of the low-level equilibrium, while adjusting local governments' compensation coefficients or increasing banks' risk sharing ratio have further synergistic effects on the realization of the high-level equilibrium. Additionally, dynamic reward and penalty mechanism of the local governments can effectively restrain the unbalanced state of financing guarantee market caused by banks' excess compensation risk, and finally impel the stabilization of the high-level equilibrium state.

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Section: Literature Reviewmentioning

confidence: 99%

Breakthrough Path of Low-Level Equilibrium of China's Policy-Oriented Financing Guarantee Market

Ding

2022

Front. Psychol.

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“…According to decision makers' psychological and behavioral characteristics of reference dependence, loss aversion, and diminishing sensitivity, based on prospect theory [24][25][26][27][28], the calculation method of comprehensive prospect value for each grade is given below.…”

Section: Calculation Of Each Trust Grade's Comprehensive Prospect Valuementioning

confidence: 99%

“…# are nonlinear weight function for "income" and "loss" respectively. According to articles [24][25][26][27][28], function…”

Section: Calculation Of Perceived Probability For Each Evaluation Trumentioning

confidence: 99%

Consumers’ Perceived Profit for Online Trading Based on Prospect Theory

Guan¹,

Wang²,

Zhao³

2015

TOCSJ

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As decision makers of online trading, consumers make trading decisions according to their perceived profit value. Considering both the objective profit value and consumers' trust profit (or loss) value according to the evaluation of historical buyers, this paper proposed an analytic method about perceived profit value based on prospect theory. Firstly, it described the variables related to the calculation of perceived profit value. Next, based on the thought of reference dependent, loss aversion and diminishing sensitivity, it calculated consumers' perceived value according to each evaluation grade. Then, it used the distorted probability judgment thought to achieve the corresponding perceived weight of each evaluation grade according to its statistical probability. Finally, it calculated consumers' total perceived profit value based on the above. An example was illustrated to explain the concrete calculation processes.

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“…On this basis, scholars further explored the risk management and operating benefits of financing guarantee institutions. In terms of risk management, most scholars focused on risk assessment of guarantee products [7][8], identification of risk factors in guarantee networks [9][10], guarantee risk control mechanism [11][12][13], etc. ; while a few scholars studied the risk diversification under the multi-agent cooperation mechanism.…”

Section: Introductionmentioning

confidence: 99%

The Optimal Investment and Re-Guarantee Purchase of China’s Financing Guarantee Institutions Considering Risk Preference

Wei

2022

IEEE Access

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Financing guarantee institutions achieve capital preservation and appreciation through investment, and diversify business risks by purchasing re-guarantee. In order to study the optimal investment and re-guarantee purchase strategies of financing guarantee institutions, the geometric Brownian motion modulated by Markov chain modulation is selected to describe the price process of risk assets, the Hamilton-Jacobi-Bellman equation is constructed based on the utility maximization criterion, and the solutions of optimal investment and re-guarantee purchase strategies are discussed under the exponential utility function. Ultimately, the influence of relevant parameter on optimal strategies is studied by computational experimental simulation method. The results showed that the risk-free interest rate, risk aversion coefficient and guarantee period have significant effects on the optimal investment and reguarantee purchase strategies. The market mechanism only affects the trend of the optimal investment strategy, but has no effect on the optimal re-guarantee purchase strategy. However, the increase of the reguarantee institution's safety loading and the guarantee recovery rate will significantly reduce the reguarantee purchase ratio.INDEX TERMS Financing guarantee institution, Investment, Re-guarantee purchase, Utility

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Decision-Making through Uncertain Linguistic Information by Multi-attribute Group: Concerning Credit Guarantee Products Risk

Cited by 3 publications

References 9 publications

Breakthrough Path of Low-Level Equilibrium of China's Policy-Oriented Financing Guarantee Market

Breakthrough Path of Low-Level Equilibrium of China's Policy-Oriented Financing Guarantee Market

Consumers’ Perceived Profit for Online Trading Based on Prospect Theory

The Optimal Investment and Re-Guarantee Purchase of China’s Financing Guarantee Institutions Considering Risk Preference

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