3PL企业参与的应收账款质押融资业务期望收益与风险评价

发布时间：2018-04-10 01:02

本文选题：物流金融　切入点：应收账款质押　出处：《河北工程大学》2017年硕士论文

【摘要】：物流金融是现代物流与金融相结合的一种集成式新型服务,越来越多的物流企业将目光投向物流金融业务以适应激烈的竞争环境,研究3PL企业参与下的应收账款质押融资业务期望收益及其风险评价是物流企业商业模式创新的理论与实务需求。基于3PL企业为供应链成员企业和核心企业的视角,分析不同情境下应收帐款质押融资业务流程,构建应收账款质押融资业务各参与主体期望收益函数,并进行期望收益差异分析;对两种情境下的应收帐款质押融资业务风险影响因素进行分析,并分别建立以供应商风险、经销商风险、3PL企业风险、合同风险、质押物风险和环境风险为中间层的应收帐款质押融资业务风险评价指标体系;采用熵权物元可拓模型对3PL企业参与的应收帐款质押融资业务进行风险评价。研究表明3PL企业为供应链核心企业时应收帐款质押融资业务各参与方收益及供应链整体收益可有所增加,且风险评价结果为风险较小,验证了期望收益函数与风险评价模型的有效性;根据优度值分析可得3PL企业为核心企业的应收账款质押融资业务关键风险因素为供应商销售额增长率、资产负债率和应收账款周转率,经销商营业利润率和3PL企业市场份额;并针对关键风险因素给出各参与主体风险应对策略,为开展此类业务的企业提供一定的决策依据。
[Abstract]:Logistics finance is a new integrated service which combines modern logistics and finance. More and more logistics enterprises turn their attention to logistics finance business to adapt to the fierce competition environment.It is the theoretical and practical requirement for logistics enterprises to study the expected income and risk evaluation of receivables pledge financing with the participation of 3PL enterprises.Based on the view that 3PL enterprise is a member of supply chain and core enterprise, this paper analyzes the business process of pledge financing of accounts receivable under different circumstances, and constructs the expected income function of each participant in pledge of accounts receivable.This paper also analyzes the difference of expected income, analyzes the risk factors of receivables pledge financing business in two situations, and establishes the risk of supplier, dealer risk, enterprise risk and contract risk respectively.In this paper, the risk evaluation index system of receivables pledge financing business in which the risk of pledge and environmental risk is the middle layer, and the risk evaluation of the pledge financing business of 3PL enterprise are carried out by using entropy weight matter-element extension model.The research shows that when 3PL enterprise is the core enterprise of supply chain, the income of each participant and the whole income of supply chain can be increased, and the result of risk evaluation is that the risk is relatively small.The validity of the expected income function and the risk evaluation model is verified, and the key risk factors for the pledge financing of accounts receivable of 3PL enterprises are obtained by the analysis of the value of excellence, which is the growth rate of supplier sales.Asset-liability ratio, account receivable turnover ratio, dealer operating profit margin and market share of 3PL enterprises, and the risk coping strategies of each participant are given to provide some decision basis for the enterprises engaged in this kind of business.
【学位授予单位】：河北工程大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F259.23;F253.7

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