中小企业应收账款质押融资的绩效及信用风险研究

发布时间：2018-04-17 16:56

本文选题：供应链金融 + 资金约束　；参考：《天津大学》2012年硕士论文

【摘要】：供应链金融是商业银行将供应链中的多个参与主体作为统一主体，综合授信，将资金注入到供应链中，有效解决中小企业的资金约束问题，促进供应链协同，稳定他们的战略伙伴关系，提升供应链的竞争力的一种融资方式。应收账款质押融资作为供应链金融的创新模式，因为其可以有效的规避资产和衍生工具质量的突然变化而导致的风险而被列为优质资产，在许多国家的融资体系中已经占据了非常重要的地位，成为企业融资的重要渠道。我国2007年才将其在物权法中列为可质押物，允许其在资本市场流通。我国供应链金融特别是应收账款质押融资处于发展的初级阶段，对供应链金融业务模式的实施效果进行评价和定量分析研究，可以为发展策略的制定、管理运作的规范化提供可靠依据。目前，应收账款质押融资研究，停留在初步的资金成本分析和风险管理阶段，缺乏充分完整的综合评价方法。本文从应收账款质押融资模式出发，对业务开展的综合绩效进行分析，，首先，运用系统动力学理论对应收账款融资模式进行定量研究，证明应收账款融资的绩效可行性。其次，针对应收账款质押融资业务的自偿性、复杂性、对环境的依赖性的特点，从该模式面对的宏观与行业系统风险、供应链系统风险、信用风险、担保存货变现风险和操作风险中挑选出对业务影响较大的信用风险，在分析了应收账款质押融资信用风险来源的基础上，构建了应收账款质押融资信用风险评价指标体系，建立了基于模糊神经网络的供应链金融信用风险评估模型。为应收账款融资业务的发展奠定理论基础。
[Abstract]:Supply chain finance is that commercial banks take multiple participants in the supply chain as the unified subject, give credit synthetically, inject funds into the supply chain, effectively solve the problem of capital constraint of small and medium-sized enterprises, and promote the coordination of supply chain.A form of financing that stabilizes their strategic partnership and enhances the competitiveness of the supply chain.As an innovative mode of supply chain finance, accounts receivable pledge financing is classified as a good asset because it can effectively avoid the risk caused by the sudden change in the quality of assets and derivatives.In many countries in the financing system has occupied a very important position, as an important channel of corporate financing.In 2007, China listed it as a pledge in the property law, allowing it to circulate in the capital market.China's supply chain finance, especially accounts receivable pledge financing, is in the primary stage of development. The evaluation and quantitative analysis of the implementation effect of supply chain finance business model can be used to formulate the development strategy.The standardization of management operation provides reliable basis.At present, the research on pledge financing of accounts receivable stays in the initial stage of capital cost analysis and risk management, and lacks a comprehensive evaluation method.Based on the pledge financing model of accounts receivable, this paper analyzes the comprehensive performance of business development. Firstly, the paper makes a quantitative study on the financing mode of accounts receivable by using the system dynamics theory to prove the performance feasibility of accounts receivable financing.Secondly, in view of the characteristics of self-compensation, complexity and dependence on environment of accounts receivable pledge financing business, from the macro and industry system risk, supply chain system risk, credit risk faced by the model,On the basis of analyzing the sources of credit risk of pledge financing of accounts receivable, the credit risk evaluation index system of pledge financing of accounts receivable is constructed.The credit risk assessment model of supply chain finance based on fuzzy neural network is established.It lays a theoretical foundation for the development of accounts receivable financing business.
【学位授予单位】：天津大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F275;F276.3;F832.4

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