Incentive Contracts for Sustainable Growth of Small or Medium-Sized Enterprise
Abstract
:1. Introduction
2. Literature Review
3. Model Design
4. Model Analysis
4.1. Case1: Without Incentive Contracts
4.2. Case2: With Incentive Contracts
- (1)
- : Small stability cost.
- (2)
- : Moderately low stability cost.
- (3)
- : Large stability cost.
- (i)
- : Small innovation cost.
- (ii)
- : Moderately low innovation cost.
- (iii)
- 2: Large innovation cost.
5. Policy Implications
6. Conclusions
Author Contributions
Funding
Institutional Review Board Statement
Informed Consent Statement
Data Availability Statement
Acknowledgments
Conflicts of Interest
References
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S = 1 | ||||
S = 2 |
S = 1 | ||||
S = 2 |
(1) | 2 | 2 | 2 | 2 |
(2) | 2 | 1 | 2 | 1 |
(3) | 1 | 1 | 1 | 1 |
S = 1 | S = 2 | |
---|---|---|
(ⅰ) | (2, | (2, |
(ⅱ) | (1, | (2, |
(ⅲ) | (1, | (1, |
(I, P) | S | B | ||
---|---|---|---|---|
(1) | (ⅰ) | (2, | 2 | 2 |
(1) | (ⅱ) | (2, | 2 | 2 |
(1) | (ⅲ) | (1, | 2 | 2 − w |
(2) | (ⅰ) | (2, | 1 | 1 + w |
(2) | (ⅱ) | (1, | 1 | 1 |
(2) | (ⅲ) | (1, | 1 | 1 |
(3) | (ⅰ) | (2, | 1 | 1 + w |
(3) | (ⅱ) | (1, | 1 | 1 |
(3) | (ⅲ) | (1, | 1 | 1 |
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Park, D.; Jo, J.; Ryu, D. Incentive Contracts for Sustainable Growth of Small or Medium-Sized Enterprise. Sustainability 2021, 13, 4964. https://0-doi-org.brum.beds.ac.uk/10.3390/su13094964
Park D, Jo J, Ryu D. Incentive Contracts for Sustainable Growth of Small or Medium-Sized Enterprise. Sustainability. 2021; 13(9):4964. https://0-doi-org.brum.beds.ac.uk/10.3390/su13094964
Chicago/Turabian StylePark, Daehyeon, Jinhyeong Jo, and Doojin Ryu. 2021. "Incentive Contracts for Sustainable Growth of Small or Medium-Sized Enterprise" Sustainability 13, no. 9: 4964. https://0-doi-org.brum.beds.ac.uk/10.3390/su13094964