资金约束下供应链成员企业的融资决策研究

发布时间：2018-02-24 16:47

本文关键词： 预付账款融资工具存货质押融资工具应收账款质押融资工具信用成本时间成本　出处：《河北工程大学》2014年硕士论文　论文类型：学位论文

【摘要】：供应链成员企业在融资过程中存在资金约束，供应链金融融资工具的出现为资金约束提供了解决方案。融资成本是企业融资决策考虑的关键因素，分析供应链金融融资工具的成本构建及其度量，可为供应链管理决策提供依据。基于供应链金融提供的三种基本融资模式：预付账款融资、存货质押融资以及应收账款质押融资的特点及其前提条件，从信用成本、时间成本、资金成本三个方面考量三种融资工具的融资成本，以用资费用和筹资费用度量资金成本，以担保代偿成本替代度量信用成本度量，从供应链金融工具使用的便利性角度度量时间成本。给出三种融资工具的成本度量模型，基于三种融资工具成本的对比分析，给出供应链节点企业融资决策的思路。
[Abstract]:Supply chain member enterprises have financial constraints in the process of financing. The emergence of supply chain financial financing tools provides a solution to the financial constraints. Financing cost is a key factor in financing decision-making. This paper analyzes the cost construction and its measurement of supply chain financial financing tools, which can provide the basis for supply chain management decision. Based on the three basic financing modes provided by supply chain finance: prepaid account financing, inventory pledge financing and receivables pledge financing, the characteristics and preconditions, from credit cost, time cost, credit cost, time cost, etc. The three aspects of capital cost consider the financing cost of the three financing instruments, measure the capital cost with the cost of capital and the cost of financing, and replace the cost of guarantee compensation with the measure of credit cost. This paper measures the time cost from the point of view of the convenience of the use of the financial instruments in the supply chain, and gives the cost measurement model of the three financing tools. Based on the comparative analysis of the cost of the three financing tools, the paper gives the thinking of the financing decision of the enterprises in the supply chain node.
【学位授予单位】：河北工程大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F275;F274

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