Research On The Incentive And Supervision Mechanism Of Banks Based On Ftw Towards Tpl Under Long-term Cooperation

Financing puzzledom has become one of the'bottlenecks'for the development of SMEs, thus many scholars have put forward a great deal of useful suggestions. But all of them cannot solve financing puzzledem effectively. Recently, some scholars proposing a model called FTW (Finance Transportation and Warehouse), which make a bridge among the bank, the logistics company and the SMEs (small-and-medium-sized enterprises). It can provide SMEs with new source of getting capital under the co-operation between banks and logistics companies, finally achieve'win-win situation tripartite'. Therefore, FTW has gradually become more and more popular with many scholars. However, researches recently focus on qualitative research such as the concept, operational patterns of it and so on. But the hard work and active participation of TPL (Third Party Logistics) are the key factors of the FTW's effective operation, and there are no literatures about the questions of the incentive and supervision of banks towards TPL under the FTW model. So this paper researches on the incentive and supervision mechanism of banks based on FTW towards TPL under long-term cooperation on the basis of previous studies.Firstly, this paper presents the concept, subjects and functions, basic operational processes of the FTW. Secondly, summarize the related theories and research of FTW and conclude the development status of FTW both at home and abroad, also five feasible operational patterns are pointed out. Thirdly, under long-term cooperation with banks and TPL, studies the incentive and supervision mechanism of static and dynamic models of banks towards TPL with principal-agent theory, which they take the objective of maximizing long-term interests. And the differences of tactics variable determinants are compared between static and dynamic models. It is concluded that the banks conduct better incentive and supervisory effects when the dynamic model is employed and the supervision modified coefficients of the banks are greater than zero. Finally, indicates the possible risks of FTW and the corresponding measures to avoid the risks.