供应链视角下的高端食用油企业融资模式研究

发布时间：2018-01-18 13:29

本文关键词：供应链视角下的高端食用油企业融资模式研究　出处：《陕西科技大学》2017年硕士论文　论文类型：学位论文

【摘要】：高端食用油企业的发展对提高人民生活水平、促进就业和经济增长等方面发挥重要作用。截止2015年底,我国有加工食用植物油的企业28011家,整个行业的总资产达到2311.50亿元,国内具有一定规模的加工食用油企业的主营业务收入已经达到了4250.91亿元,总利润达277.3亿元。可见,巨大的消费市场、国家对高端食用油企业的大力投入促进了企业的快速发展。然而,食用油企业因自身、外部政府和金融政策等诸多因素陷入了融资困境的局面。供应链金融作为银行等金融机构大力发展的一种服务模式,综合评估整条供应链及链上所有相关企业的综合实力,实现了物流、信息流和资金流的统一,提高了中小企业的信用等级,能更好的缓解中小企业融资难的问题。目前,国内在汽车、钢铁、医药、农业等行业均已涉及供应链融资业务,以往学者对供应链融资的研究主要包括概念、主要模式和风险管理等,但对高端食用油企业的供应链融资业务的研究还是一片空白。不同行业供应链的融资模式和风险要素等存在着差异。因此,本文重点研究高端食用油企业的供应链融资业务,采用对比分析法、归纳总结法、定性与定量分析相结合以及案例分析等方法,论证了高端食用油企业采用供应链融资的可行性。具体分为三大部分。第一部分,本文先分析了选题背景及研究意义、国内外文献综述、研究方法和创新之处。其次,从供应链金融的概念及特征入手,探讨了三种基础性供应链金融融资模式—预付款融资模式、存货类融资模式和应收账款融资模式,并总结了三种模式的异同点。第二部分,分析了我国高端食用油企业的发展现状和融资需求,并在此基础上剖析了高端食用油企业陷入融资困境的根源,主要从高端食用油企业自身、外部金融政策和政府支持力度等几个方面展开阐述。第三部分,首先阐述了高端食用油企业的供应链运行模式,定性分析其供应链融资的特点,提出了高端食用油企业最适合的供应链融资模式——应收账款融资模式,阐述了该模式下的基本流程,以及可能面临的风险,得出信用风险是最大的影响因素。然后,运用主成分分析和二元Logistics回归模型作为评估方法,以25家高端食用油企业为样本,分别基于传统金融和供应链金融两个角度进行信用评级分析,定量证明了高端食用油企业采用供应链融资可行性。并通过具体案例论证了供应链金融在高端食用油企业融资中也具有可行性。最后,基于供应链金融角度对改善高端食用油企业融资环境提供一些建议,包括中小企业自身、商业银行、第三方物流和政府四个方面,只有各方的共同努力,才能解决高端食用油企业的融资困境问题。
[Abstract]:The development of high-end edible oil enterprises plays an important role in improving people's living standard, promoting employment and economic growth. As of end of 2015, there are 28011 enterprises processing edible vegetable oil in China. The total assets of the whole industry reached 231.15 billion yuan, and the main business income of the domestic processing edible oil enterprises with a certain scale has reached four hundred and twenty-five billion ninety-one million yuan. The total profit is 27.73 billion yuan. It can be seen that the huge consumer market, the state of high-end edible oil enterprises to promote the rapid development of enterprises. However, edible oil enterprises because of their own. Many factors, such as external government and financial policy, have fallen into financing difficulties. Supply chain finance is a service mode for banks and other financial institutions to develop vigorously. Comprehensive evaluation of the entire supply chain and all related enterprises on the chain of comprehensive strength, the realization of logistics, information flow and capital flow unified, improve the credit rating of small and medium-sized enterprises. At present, domestic enterprises in automobile, steel, medicine, agriculture and other industries have been involved in supply chain financing business, the previous research on supply chain financing mainly includes concepts. The main mode and risk management, but the research on the supply chain financing business of high-end edible oil enterprises is still a blank. Different industry supply chain financing mode and risk factors are different. This paper focuses on the supply chain financing business of high-end edible oil enterprises, using comparative analysis, induction and summary method, qualitative and quantitative analysis and case analysis. Demonstrated the feasibility of high-end edible oil enterprises to use supply chain financing. Specifically divided into three parts. The first part, this paper first analyzed the background and research significance, domestic and foreign literature review. Secondly, starting with the concept and characteristics of supply chain finance, this paper discusses three basic supply chain financial financing models-advance financing mode. Inventory financing model and accounts receivable financing model, and summed up the similarities and differences of the three models. The second part, analysis of the development of high-end edible oil enterprises in China and financing needs. And on the basis of the analysis of high-end edible oil enterprises into financing difficulties, mainly from the high-end edible oil enterprises themselves, external financial policies and government support and other aspects of the elaboration. The third part. Firstly, this paper expounds the supply chain operation mode of high-end edible oil enterprises, qualitatively analyzes the characteristics of its supply chain financing, and puts forward the most suitable supply chain financing mode of high-end edible oil enterprises-accounts receivable financing mode. This paper expounds the basic process of the model and the possible risks, and draws the conclusion that the credit risk is the biggest influencing factor. Then. Principal component analysis (PCA) and binary Logistics regression model were used to evaluate 25 high-end edible oil enterprises. Credit rating analysis based on traditional finance and supply chain finance respectively. The paper proves quantitatively the feasibility of using supply chain financing for high-end edible oil enterprises, and proves the feasibility of supply chain finance in high-end edible oil enterprises financing through specific cases. Finally. Based on the supply chain financial perspective to improve the financing environment of high-end edible oil enterprises to provide some suggestions, including SMEs themselves, commercial banks, third party logistics and government four aspects, only the joint efforts of all parties. In order to solve the financing dilemma of high-end edible oil enterprises.
【学位授予单位】：陕西科技大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F426.82;F406.7

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