Research On The Risk Analysis And Decision-making Of Ship Financing Lease Based On The Game Theory

In recent years, although the economy begins to full recovery, but the subsequent problems of the financial crisis still remain in the development of the industry environment. And shipping industry is known as a barometer of economic, so due to the effect of the problems of economic, the development of the shipping industry is blocked, and yet one of the most important problems is ship as the most important asset of shipping industry. Due to the ship to take up too much money, the general company will not choose to pay all the ship’s price, they are usually adopted to financing from bank, but because of the smaller of the general small and medium-sized enterprises, Banks worried about whether the enterprises can guarantee the safety of the funds or not, in addition, on account of the loan to the bank audit process is very complicated, a concept of financing lease is introduced into shipping industry, and the purpose is to simply and effectively solve the problem of ship for the lack of funds.Despite the golden age when the country invest a lot of money for alleviating the pressure of the economic downturn and the excellent experiments flowing from foreign to domestic, but as the ship finance leasing is a new industry in our country, the development process is inevitably not match with the scale of the industry, and then, the impact is mainly reflected on the risk decision-making problem of the ship finance lease in the process of purchasing the ship. Because of information asymmetry, the ship financing lease will not only meet with the same risk with the general financing, such as economy, society and nature, also will meet the special risks involved in ship management. And most of these risks as the operation mode of ship financing lease is shifted from the lessee to the lessor. Therefore, for financial leasing companies, due to the existing management experience is not so perfect, so how to select the decision-making of the financing lease is particularly important.In accordance with the relevant academic research, summed up the ship financing lease process belongs to incomplete information dynamic game, so based on the common model of ship financing lease and the financing lease contract, and combined with the risk between the lessee and lessor in the process of ship financing lease risks, the paper build two-phase hybrid’s game model of the signal transmission and the risk of moral hazard, so as to provide reference for the risk decision of both sides.