供应链视角下保兑仓融资研究

发布时间：2018-05-28 01:11

本文选题：保兑仓 + 融资　；参考：《浙江师范大学》2014年硕士论文

【摘要】：中小企业融资困难是全世界所面临的难题,在我国这个问题尤为严重。近年来,随着金融业的不断创新和发展,涌现出了许多新的金融产品来化解广大中小企业的融资难困局。其中,保兑仓融资就是其中的创新融资模式之一。保兑仓融资是在现代物流与现代的金融创新结合的产物,它是一种将融资授信从原来的单个逐一考察企业到现在集中考察整个生产链,通过整合整个供应链的资本流、物流和信息流,对供应链中的整个上下游综合考察整个保兑仓融资的还贷能力,借助核心企业的信用和信贷,来给生产商、中间生产商、核心企业、下游分销商提供整体融资授信,为核心企业下游中小企业提供相应的融资服务。通过采用保兑仓融资,能从根本上缓解供应链中广大中小企业的资金流状况,切实提高整个供应链的稳定性和资金使用效率,有效地提高各方收益的一种新型的金融创新模式。本论文主要从供应链角度分析了保兑仓融资,主要分析了保兑仓融资的运行机理、各成员的决策过程与各成员的收益等。文章重点研究了下述几个方面：首先,对保兑仓融资展开定性研究。先将保兑仓融资的概念、发展过程、特点进行分析,然后从运作主体、运行机理等方面构建了一种由多方参与的保兑仓融资。其次,通过定量分析,对比分析了保兑仓融资与传统融资模式的具体收益,并重点研究了参与保兑仓融资的银行的利率决策与风险大小、经销商的订货决策过程,探讨了保兑仓融资对整个供应链的绩效影响。得出保兑仓融资绩效明显优于传统的有资金约束的供应链融资模式的结论及决定经销商的订货因素和银行的利率等相关表达式。再次,分析了保兑仓融资面临的风险以及相应的风险防范措施。最后,通过一个具体的保兑仓融资的案例来分析检验论文的相关结论。通过一个具体案例分析,将案例模型化后,在代入具体数值进行运算,得出具体的直观的数字,将模拟结果来验证本文的结论。本论文通过以上方面的分析研究,得出了保兑仓融资明显优于传统供应链融资,且通过采用保兑仓融资,不仅能够使得广大中小企业能够进行有效融资,同时也使得银行与上游供应商企业能够获得比中小企业在传统融资模式下更多的利益。此外,通过定量分析银行的利率决策因素和经销商的订货策略,为银行等金融机构和经销商企业的实际决策提供了理论的证明与指导。总之,本文对保兑仓融资的优势分析、特点的研究进一步丰富了保兑仓融资的实证研究,对比分析了保兑仓融资与传统供应链融资的具体差异,同时结合了银行的利率决策与区域经销商的订货策略的定量分析等具有一定的创新性,可为银行、保兑仓融资中的中下游中小企业提供参照与指导。
[Abstract]:The financing difficulty of small and medium-sized enterprises is a difficult problem all over the world, especially in our country. In recent years, with the continuous innovation and development of the financial industry, many new financial products have emerged to solve the financing difficulties of small and medium-sized enterprises. Among them, confirmed position financing is one of the innovative financing modes. Confirmed warehouse financing is the product of the combination of modern logistics and modern financial innovation. It is a kind of capital flow that integrates the whole supply chain by integrating the whole supply chain. Logistics and information flow, to the entire upstream and downstream of the supply chain, a comprehensive study of the entire confirmed warehouse financing ability to repay loans, with the help of the credit and credit of the core enterprises, to producers, intermediate producers, core enterprises, The downstream distributor provides the whole financing credit, and provides the corresponding financing service for the core enterprise downstream small and medium-sized enterprises. By using confirmed warehouse financing, the capital flow of small and medium-sized enterprises in the supply chain can be alleviated fundamentally, the stability and efficiency of the whole supply chain can be improved, and a new financial innovation mode can effectively improve the income of all parties. This paper mainly analyzes the financing of confirmed positions from the point of view of supply chain, mainly analyzes the operating mechanism of the financing of confirmed positions, the decision-making process of each member and the income of each member, etc. This paper focuses on the following aspects: Firstly, qualitative research on confirmed position financing is carried out. Firstly, the concept, development process and characteristics of confirmed position financing are analyzed, and then a kind of confirmed position financing is constructed from the aspects of operation subject, operation mechanism and so on. Secondly, through quantitative analysis, the paper compares and analyzes the specific income of confirmed position financing and traditional financing mode, and focuses on the interest rate decision and risk size of the bank participating in confirmed position financing, and the ordering decision-making process of dealers. This paper discusses the effect of confirmed position financing on the performance of the whole supply chain. The conclusion that the performance of confirmed position financing is obviously superior to the traditional supply chain financing model with financial constraints and the relevant expressions such as the order factor of the dealer and the interest rate of the bank are obtained. Thirdly, the paper analyzes the risk of confirmed position financing and the corresponding risk prevention measures. Finally, through a specific confirmed position financing case to analyze the relevant conclusions of the test paper. Through a specific case analysis, the case is modeled, and the concrete numerical value is added to the operation, and the concrete and intuitive numbers are obtained, and the simulation results are used to verify the conclusion of this paper. Through the above analysis and research, this paper concludes that confirmed warehouse financing is obviously superior to traditional supply chain financing, and through the adoption of confirmed warehouse financing, it can not only make the majority of small and medium-sized enterprises to carry out effective financing. At the same time, banks and upstream suppliers can gain more benefits than SMEs in the traditional financing mode. In addition, through the quantitative analysis of the interest rate decision factors of the bank and the ordering strategy of the dealer, it provides theoretical proof and guidance for the bank and other financial institutions and dealer enterprises to make the actual decision. In a word, this paper analyzes the advantages of confirmed position financing, and further enriches the empirical research on confirmed position financing, and compares the differences between confirmed position financing and traditional supply chain financing. At the same time, it combines the interest rate decision of the bank and the quantitative analysis of the order strategy of the regional dealer, which can provide reference and guidance for the middle and downstream SMEs in the financing of the bank and confirmed warehouse.
【学位授予单位】：浙江师范大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F259.23;F832.4

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