Several new methods have been proposed for supply chain finance (SCF) with bank credits, but none of them mentions how to solve the borrowers' moral hazard problems in SCF. This paper examines the moral hazard problem in supply chain financing with procurement contract (or purchase order). We...

Various explanations have been proposed for the departure of the stock market prices from the economic realities during the COVID-19 outbreak. This paper conjectures that the SARS experiences can also have contributions to the quick recovery in stock markets. We first use an asset-pricing model...