In the SCF system, every enterprise is dynamically changing capital, goods, and information flow between them. Agent is asymmetric. The principal aims to obtain the maximum profit from the capital, and the agent is concerned about whether his interests can be met. As for the methods, many existing studies use logistic regression or principal component analysis to study the credit risk of supply chain finance, which is difficult to carry out in reality due to the unavailability of data. The information of the principal. In the process of approving enterprises’ financing requests, commercial banks may make misjudgments that may, according to the theory of information asymmetry, lead to adverse selection. According to the theory of information economics, information asymmetry is divided into an adverse selection and a moral hazard. The theory indicates that, in market economy activities, there is information asymmetry. Due to the rapid development of China’s domestic economic conditions and the government’s strong policy support, such as “home appliance energy subsidies,” “home appliances to the countryside,” and “home appliances trade-in,” China’s home appliance industry developed rapidly along with its reputation in the international market. With the rapid development and growth of the Internet and online shopping consumer groups in China, the number of online sales of household appliances has increased.
However, by the end of the policy, the consumption of household appliances fell sharply. China’s household electrical appliance industry began in the late 1970s and early 1980s. Since its development, the industry has become one of the pillars of China’s manufacturing industry and is an important part of China’s national economy. System theory is one of the components of the three extant theories (system theory, information theory, and cybernetics). It is generally recognized in academic circles that system theory was founded by L.V. Complete Protection offers a wide range of home appliance and system warranty plans. Some companies do divide coverage up between two different types of plans, often called systems plans and appliances plans. Its plans are straightforward. This is why homeowners, despite having homeowners insurance, are spending their cash on home warranty policies. During the 11th and 12th five-year plans, the rapid development of the world economy created much demand for China’s home appliance industry both domestically and internationally, despite China’s industry having suffered from the impact of the economic crisis. The research conclusion makes it more objective, accurate, and precise and promotes the development of the grey relation analysis model.
From the perspectives of profitability, debt repayment, operation, and development capabilities, the home appliance industry is developing well in SCF. So again, depending on your insurer and level of coverage, you can expect home appliance insurance to cost between $300 and $800 among the providers we’ve ranked here. Here are some of the most important things to keep in mind when buying home appliance insurance. You are being offered with a peace of mind as even when the most major system or appliance in your home needs repair or replacement, somebody else will be paying the bills. But routine maintenance of appliances is a good idea regardless of what coverage you choose, or if you choose against insurance for your major appliances. Multiple case managers service each claim to avoid details slipping through the cracks-any time a client needs an update or has a question, chances are good that one of the case managers will be available to help without requiring the client to tell their whole story again. Choice Home Warranty can help you protect your home with a truly customized coverage plan that has everything you need and nothing you don’t. The advantaged parties can gain benefits in the market by communicating reliable information with those having less information-the poorly performing party in the transaction will try to obtain the information they need from the other party. Data was g en erated with the he lp of GSA Co ntent Generator DEMO.
Each party has different amounts. Content of information. Relatively speaking, the information-dominant party is in a favorable position, and the information-disadvantaged party is in a weaker position. When core enterprises have a low position in the supply chain and rely on financing enterprises, they may choose to help finance enterprises cheat commercial banks of loans to ensure their own interests, thus increasing the credit risk of SCF. However, most of the literature studies have analyzed supply chain financial risks from the perspective of individual institutions, such as companies, banks, financial institutions, or the like. In SCF, each enterprise in the supply chain is different from financial institutions, logistics enterprises, and other majors, and the division of labor is differentiated and clear, resulting in a principal-agent relationship. Figure 1 shows a principal-agent relationship among commercial banks, core enterprises, and financing enterprises as well as between logistics, core, and financing enterprises. From the perspective of measuring their interests, core enterprises may choose to help banks supervise financing enterprises or assist financing enterprises in cheating commercial bank loans. In the supply chain, both financing and core enterprises are likely to conceal their operating conditions, financial information, and management information, resulting in information asymmetry.