基于供应链金融融资模式的企业信用风险评价研究

发布时间：2018-03-03 19:56

本文选题：供应链金融　切入点：信用风险　出处：《浙江理工大学》2014年硕士论文　论文类型：学位论文

【摘要】：供应链金融是一种快速增长的新型融资业务模式，也是学术界研究热点问题之一。在以供应链为主导的企业生产与制造模式下，融资问题已成为制约供应链运营效率的一个关键因素。为满足供应链财务成本最小化需求，金融机构可以通过供应链金融为企业成员提供综合性的金融服务解决方案。然而，现有的信用风险管理体系难以适用于供应链金融这一融资模式，金融机构通常缺乏针对这种融资模式的信贷审批方法与信用评级体系。为解决其信用风险管理中存在的问题，有必要对供应链金融信用风险管理体系与方法进行深入研究。本文从金融机构视角，对供应链金融融资模式下企业信用风险评价问题进行研究探讨。首先，在分析供应链金融产生背景的基础上，通过梳理与归纳相关文献研究，对供应链金融的概念、特点、与传统融资模式的区别及其融资模式进行阐述；在明确信用风险概念与特点的基础上，对现有信用风险评价方法与模型进行比较分析。其次，从融资企业、行业环境、核心企业、供应链与融资项下资产五个层面，深刻剖析供应链金融融资模式下企业信用风险来源与影响因素，在定性分析的基础上，通过频数统计法、专家意见法、相关性分析法对相关研究中使用的评价指标进行筛选，并设计和构建企业信用风险评价指标体系，用以识别供应链金融融资模式下企业信用风险来源以及风险类型。再次，以我国光伏行业上市公司为样本，采用logistic回归方法建立信用风险评价模型，，用于度量供应链金融融资模式下企业信用风险大小。回归分析结果表明融资企业运营能力、融资企业素质与信用状况、核心企业资信水平、供应链整体水平、融资项下资产质量是信用风险的关键影响因素。最后，以实证研究的方式，对本文构建的信用风险评价模型进行模拟和验证。
[Abstract]:Supply chain finance is a fast growing new financing business model, and it is also one of the hot issues in academia. Financing problem has become a key factor restricting the efficiency of supply chain operation. In order to meet the minimum demand of financial cost of supply chain, financial institutions can provide comprehensive financial service solutions for enterprise members through supply chain finance. However, the existing credit risk management system is difficult to apply to the financing model of supply chain finance. In order to solve the problems in credit risk management, it is necessary to deeply study the credit risk management system of supply chain finance. From the perspective of financial institutions, this paper studies the evaluation of enterprise credit risk in the mode of supply chain finance. Firstly, on the basis of analyzing the background of supply chain finance, this paper summarizes the relevant literature. On the basis of defining the concept and characteristics of supply chain finance, comparing and analyzing the existing methods and models of credit risk evaluation, the paper expounds the difference between supply chain finance and traditional financing mode and its financing mode, and analyzes the credit risk evaluation methods and models on the basis of defining the concept and characteristics of credit risk. From five levels of financing enterprise, industry environment, core enterprise, supply chain and assets under financing item, this paper deeply analyzes the sources and influencing factors of enterprise credit risk under the financing mode of supply chain finance, and on the basis of qualitative analysis, through the method of frequency statistics, Expert opinion method, correlation analysis method to select the evaluation index used in the relevant research, and design and build enterprise credit risk evaluation index system, It is used to identify the source and type of credit risk in supply chain finance. Thirdly, the logistic regression method is used to establish the credit risk evaluation model with the listed companies of photovoltaic industry in China as the sample. The results of regression analysis show that the financing enterprises' operation ability, financing enterprises' quality and credit status, the credit level of the core enterprises, and the whole level of the supply chain, are used to measure the credit risk of the enterprises in the supply chain financial financing mode. Asset quality under financing is the key factor of credit risk. Finally, the credit risk evaluation model constructed in this paper is simulated and verified by empirical research.
【学位授予单位】：浙江理工大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F275;F832.4

【参考文献】