基于供应链金融的中小企业保兑仓融资研究

发布时间：2018-03-15 17:49

本文选题：供应链金融　切入点：中小企业融资　出处：《大连理工大学》2013年硕士论文　论文类型：学位论文

【摘要】：中小企业是推动我国经济发展的重要力量,也是我国国民经济体系的重要组成部分。中小企业的健康发展对我国经济发展、就业率提升以及经济结构优化起着重要的作用。然而据报道2011年下半年,有近4成的中小企业由于面临资金链断裂这一困难,在破产的边缘挣扎。占我国全部注册企业总数99%的中小企业,贷款资源不到20%。为了解决中小企业与银行等金融机构之间的种种矛盾,产生了“供应链金融”这一针对中小企业融资难问题的全新金融服务模式。其通过在中小企业从银行贷款过程中引入供应链核心企业及第三方物流企业,提升中小企业的信用水平,可以有效缓解中小企业的融资困境。供应链金融主要有三种基本的融资模式——应收账款融资、融通仓融资(存货融资)和保兑仓融资(预付款融资)。在这三种融资模式中,前两种融资产品在国内外都应用地比较广泛,而保兑仓融资模式则是国内银行针对国内供应链金融业务开展的特点所研发出的特色业务产品。同时,在供应链金融模式运作过程中,其核心就是融资企业的风险是否能够满足银行等金融机构的风险控制目标。因此本文以保兑仓融资(预付款融资)为主要研究对象,构建其风险评价指标体系,针对所构建的保兑仓融资模式风险评价指标体系,运用多级模糊综合评价法对银行提供保兑仓融资服务的风险进行评估,而后根据评估结果可得到保兑仓融资模式的仓单质押率,即通过设定合理的仓单质押率可以有效降低银行等金融机构的贷款风险,从而满足其风险控制目标。本文还利用案例比较分析了保兑仓融资模式和传统融资模式的仓单质押率,结果显示,保兑仓融资模式能够更好地解决中小企业资金短缺问题。随后,基于三方保兑融资模式,本文对保兑仓融资模式中各参与方的成本收益进行分析,并进一步将其与传统融资模式相比较,比较结果显示,保兑仓融资模式能够提升各参与方的收益水平,从而形成三赢局面。最后,在前文分析的基础上,本文提出一些有利于银行等金融机构开展保兑仓融资业务的建议。
[Abstract]:Small and medium-sized enterprises are an important force to promote the economic development of our country and also an important part of our national economic system. The healthy development of small and medium-sized enterprises is of great importance to the economic development of our country. The increase in employment rate and the optimization of economic structure play an important role. However, it is reported that in the second half of 2011, nearly 40% of small and medium-sized enterprises are faced with the difficulty of breaking the financial chain. Struggling on the brink of bankruptcy. Small and medium-sized enterprises, which account for 99% of the total number of registered enterprises in our country, have less than 20 percent of loans. In order to solve the conflicts between SMEs and financial institutions such as banks, "supply chain finance" is a new financial service mode which aims at the financing difficulty of small and medium-sized enterprises. It introduces supply chain core enterprises and third party logistics enterprises into the process of small and medium-sized enterprises' loan from banks. Improving the credit level of small and medium-sized enterprises can effectively alleviate the financing difficulties of small and medium-sized enterprises. There are three basic financing modes in supply chain finance: accounts receivable financing, warehouse financing (inventory financing) and confirmed position financing (advance financing). The first two financing products are widely used both at home and abroad, while the confirmed warehouse financing model is the characteristic business product developed by domestic banks according to the characteristics of domestic supply chain financial business. At the same time, In the course of the operation of supply chain financial model, its core is whether the risk of financing enterprises can meet the risk control objectives of banks and other financial institutions. Therefore, this paper takes the confirmed position financing (advance financing) as the main research object, constructs its risk evaluation index system, aiming at the risk evaluation index system of the confirmed position financing mode. Using the multi-level fuzzy comprehensive evaluation method to evaluate the risk of banks providing confirmed position financing service, and then, according to the evaluation results, we can get the warehouse receipt pledge rate of confirmed position financing mode. That is to say, by setting a reasonable warehouse receipt pledge rate, the loan risk of banks and other financial institutions can be effectively reduced, thus meeting the risk control target. This paper also makes a comparative analysis of the warehouse receipt pledge rate between the confirmed position financing mode and the traditional financing mode by using a case study. The results show that the confirmed position financing model can better solve the shortage of small and medium-sized enterprises. Then, based on the three-party confirmed financing model, this paper analyzes the cost and income of the participants in the confirmed position financing model, and further compares it with the traditional financing model. The confirmed position financing model can improve the income level of each participant, thus forming a three-win situation. Finally, based on the previous analysis, this paper puts forward some suggestions for banks and other financial institutions to carry out confirmed position financing business.
【学位授予单位】：大连理工大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F275;F832.4

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