供应链金融模式下中小企业的信用风险度量研究

发布时间：2018-04-20 05:07

本文选题：供应链金融 + 信用风险度量　；参考：《哈尔滨工业大学》2012年硕士论文

【摘要】：近年来，供应链金融融资成为一种新兴的融资模式，它有效解决了中小企业的融资困境，改变了传统的银企单一授信模式。供应链金融业务根据产业链结构特点和商品交易详情，以核心企业为金融支持者，对中小企业进行专项授信，有效地进行了风险转移。随着供应链金融业务的增多，市场的壮大，如何进行融资过程中信用风险度量成为了银行信贷业务的中心。因此，对供应链金融信用风险体系的完善具有了很重要的现实意义。本文先从供应链的发展历史出发，介绍了供应链金融的相关定义和构成要素。并对供应链金融的三种基本融资模式进行了详细叙述，包括各模式的应用范围，具体业务流程。然后从博弈论角度对供应链金融中银企双方的行为进行了分析，通过分析得出供应链金融可以降低中小企业贷款违约风险，提高银行向中小企业放贷率这一结论。这对整个信贷市场来说是个良性发展，揭示了供应链金融业务的优势。随后本文采用边界Logistic模型对供应链金融下中小企业信用风险度量进行了实证研究，选取了具有供应链金融特色的指标体系。该模型从定量角度系统地对企业进行信用风险度量，，减少了目前对供应链金融业务评价大多依靠专家评价的局限性。实证结果表明，在对供应链金融中的中小企业进行信用风险度量时，边界Logistic模型分类准确度更高，模型整体拟合程度更好，H-L检验结果更显著，明显优于一般Logistic模型。接着本文应用实证模型对具体企业进行案例分析，结果显示在供应链金融模式下，企业的违约率更低，该结果与博弈分析结论一致，即供应链金融模式下中小企业更容易通过银行的审批，获得贷款。最后，在研究成果的基础上对银行和中小企业如何防控供应链金融信用风险提出了几点建议。
[Abstract]:In recent years, supply chain finance has become a new financing mode, which has effectively solved the financing dilemma of small and medium-sized enterprises and changed the traditional single credit mode of banks and enterprises. According to the characteristics of industrial chain structure and the details of commodity transaction, the supply chain financial business, taking the core enterprise as the financial supporter, gives special credit to the small and medium-sized enterprises and effectively carries out the risk transfer. With the increase of the supply chain financial business and the expansion of the market, how to measure the credit risk in the financing process has become the center of the bank credit business. Therefore, it has important practical significance to perfect the credit risk system of supply chain finance. Starting from the history of supply chain development, this paper introduces the definition and components of supply chain finance. Three basic financing models of supply chain finance are described in detail, including the scope of application of each model and the specific business process. Then it analyzes the behavior of both banks and enterprises in the supply chain finance from the perspective of game theory and draws the conclusion that supply chain finance can reduce the risk of loan default of SMEs and improve the lending rate of banks to SMEs. This is a benign development for the entire credit market, revealing the advantages of supply chain financial business. Then this paper uses the boundary Logistic model to study the credit risk measurement of SMEs under the supply chain finance, and selects the index system with the characteristics of supply chain finance. This model systematically measures the credit risk of enterprises from the quantitative point of view, which reduces the limitation that most of the evaluation of supply chain financial business depends on expert evaluation. The empirical results show that in the credit risk measurement of SMEs in supply chain finance, the classification accuracy of the boundary Logistic model is higher, and the overall fitting degree of the model is better than that of the general Logistic model. Then the empirical model is applied to the case study of specific enterprises. The results show that the default rate of enterprises is lower under the supply chain financial model, which is consistent with the conclusion of game analysis. That is, under the supply chain financial model, SMEs are easier to obtain loans through the approval of banks. Finally, on the basis of the research results, some suggestions on how to prevent and control the supply chain financial credit risk for banks and small and medium-sized enterprises are put forward.
【学位授予单位】：哈尔滨工业大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.4;F275;F276.3

【参考文献】