供应链金融应收账款融资模式研究

发布时间：2018-04-11 23:08

本文选题：供应链金融 + 应收账款融资　；参考：《浙江工业大学》2014年硕士论文

【摘要】：在供应链运营过程中,核心企业常常会凭借其核心地位对其上游企业进行挤压,采取先收货后付款的方式把资金压力转移给了上游中小型企业,而中小企业为了今后能与核心企业长期合作发展,认可了这一行为,这就使得此类中小企业出现了大量的应收账款,从而缺乏流动资金。但由于其综合实力较弱,没有能够用来作抵押贷款的资产,很难单独从银行获得贷款,这就使其陷入了发展瓶颈。供应链金融应收账款融资概念的提出,为处于供应链中弱势地位的中小型企业的融资带来了便利,它能有效地进行信誉上的资源配置,使得银行将供应链中的企业视为一个整体,这不但可以让中小企业借用核心企业的信誉获得贷款,而且也使得供应链中企业之间的关系更为密切,从而使供应链可以更加健康地发展,当然,银行也新增了业务收入的来源。本文采用了理论与实际相结合的方法对供应链金融进行了分析,着重阐述了应收账款融资模式的业务流程。通过建立应收账款融资信用风险评估指标体系,运用多级模糊综合评价法对银行贷款进行评定,并引入信号传递博弈模型,指出提高信用评价结果可信性的方法,在此基础上,提出了几点控制信用风险的建议。此外,本文建立了供应链应收账款融资的定价模型,分别讨论了当核心企业和中小企业分散决策和联合决策时,银行与之博弈的结果,将两种情况下的结果进行比较发现,联合决策对于博弈三方而言均为更好的选择。通过本文的研究,可以为中小企业、核心企业及银行在进行应收账款融资业务时,提供定量化的决策依据,此外也为银行进行风险管理时提供了方法上的借鉴。
[Abstract]:In the process of supply chain operation, core enterprises often squeeze their upstream enterprises by virtue of their core position, and transfer the capital pressure to upstream small and medium-sized enterprises by the way of receiving goods first and then paying for them.In order to cooperate with the core enterprises for a long time, the small and medium-sized enterprises recognize this behavior, which makes the small and medium-sized enterprises have a large amount of accounts receivable, thus the lack of liquidity.However, it is difficult to obtain loans from banks alone because of its weak comprehensive strength and lack of assets that can be used as mortgage loans, which makes it into a development bottleneck.The concept of accounts receivable financing in supply chain finance brings convenience to the financing of small and medium-sized enterprises in the weak position of supply chain, and it can effectively allocate resources on credit.It makes banks view enterprises in the supply chain as a whole, which not only allows SMEs to borrow credit from the core enterprises, but also makes the enterprises in the supply chain more closely related.This allows the supply chain to grow more healthily and, of course, banks add new sources of business revenue.This paper analyzes supply chain finance by combining theory with practice, and expounds the business process of accounts receivable financing mode.Through establishing the credit risk evaluation index system of accounts receivable financing, using the multi-level fuzzy comprehensive evaluation method to evaluate the bank loan, and introducing the signal transmission game model, the paper points out the method to improve the credibility of the credit evaluation results.Some suggestions for controlling credit risk are put forward.In addition, this paper establishes the pricing model of supply chain accounts receivable financing, discusses the results of the game between banks and SMEs when the core enterprises and small and medium-sized enterprises make decentralized decisions and joint decisions, and finds out the results in the two cases.Joint decision making is a better choice for the three parties of game.Through the research of this paper, it can provide quantitative decision-making basis for SMEs, core enterprises and banks in the process of accounts receivable financing, and also provide a reference for banks in risk management.
【学位授予单位】：浙江工业大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F274;F275

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