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In this study, the credit financing process of credit risk in small- and medium-sized enterprises (SMEs) gathers within a bank, which makes it difficult for SMEs to raise funds. On the basis of the perspective of CDS, we construct an incentive game model of bank-enterprise credit behavior and analyze the influence mechanism of the credit financing of SMEs on CDS contract coupon rate, CDS payout ratio, bank-enterprise credit effort, and loan recovery rate when considering CDS. The result shows that the CDS contract leads to insufficient supervision after a bank loan, the moral hazard of the SMEs rises, and the probability of credit default events increases. In addition, in view of CDS, the SMEs can access more credit funds.<\/jats:p>","DOI":"10.1155\/2020\/6639636","type":"journal-article","created":{"date-parts":[[2020,12,2]],"date-time":"2020-12-02T17:50:10Z","timestamp":1606931410000},"page":"1-8","source":"Crossref","is-referenced-by-count":5,"title":["An Incentive Mechanism Model of Credit Behavior of SMEs Based on the Perspective of Credit Default Swaps"],"prefix":"10.1155","volume":"2020","author":[{"given":"Shenghong","family":"Wu","sequence":"first","affiliation":[{"name":"School of Economics and Management, Nanjing Tech University, Nanjing, China"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Pei","family":"Mu","sequence":"additional","affiliation":[{"name":"School of Economics and Management, Nanjing Tech University, Nanjing, China"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Jiaxian","family":"Shen","sequence":"additional","affiliation":[{"name":"School of Economics and Management, Nanjing Tech University, Nanjing, China"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"ORCID":"https:\/\/orcid.org\/0000-0001-6620-7192","authenticated-orcid":true,"given":"Wenyi","family":"Wang","sequence":"additional","affiliation":[{"name":"Department of Social Sciences, University of Toronto, 1265 Military Trail, Toronto, ON, M1C 1A4, Canada"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"311","reference":[{"key":"1","doi-asserted-by":"publisher","DOI":"10.1007\/978-981-10-8582-6_13"},{"key":"2","doi-asserted-by":"publisher","DOI":"10.1007\/s10842-007-0005-y"},{"key":"3","doi-asserted-by":"publisher","DOI":"10.1111\/j.1540-6261.2010.01555.x"},{"key":"4","doi-asserted-by":"publisher","DOI":"10.1016\/j.intfin.2019.101162"},{"issue":"2","key":"5","first-page":"47","article-title":"Lines of credit and relationship lending in small firm finance","volume":"63","author":"A. 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