基于供应链金融的保兑仓参与方策略与风险评价研究

发布时间：2018-07-23 09:34

【摘要】：随着金融市场和金融业务的不断创新，供应链金融业务也如火如荼的发展起来。供应链金融业务不仅解决了中小企业资金缺乏的问题，也加强了核心供应商对整个供应链的把握，更为商业银行批量开发客户提供了便利、创造了新的利润增长点。在供应链交易中，处于强势地位的供应商旺旺要求零售商先款后货，由于保兑仓融资模式能有效解决中小企业的预付款问题，文章选取保兑仓业务作为研究对象。在保兑仓业务的发展过程中，也存在着一些问题制约其长期稳定发展。一方面，供应链金融系统的不协调会导致收益分配不合理；另一方面，商业银行对保兑仓业务风险的评价缺乏有效的标准，导致逆向选择和道德风险。为了研究保兑仓的协调和商业银行的风险评价，实现保兑仓业务的可持续发展，本文分别从收益共享契约、回购担保和信用风险评价等方面进行了研究。论文的主要工作如下：首先，在总结供应链金融的概念及其实践发展的基础上全面分析了保兑仓业务的适用对象和运作流程，并指出了保兑仓业务发展中存在的一些问题。其次，，研究分析了收益共享契约下保兑仓融资模式的协调及各参与方策略并与传统贷款模式下对比。再次，进一步在供应商回购的基础上研究了供应链的协调及各方参与策略。最后，针对保兑仓业务的信用风险评价，运用多级模糊评价法建立了保兑仓模式下信用风险评价体系，并用算例分析证明了以上体系的可操作性和适用性。
[Abstract]:With the continuous innovation of financial market and financial business, supply chain financial business is also in full swing. Supply chain financial business not only solves the problem of small and medium-sized enterprises' lack of funds, but also strengthens the core suppliers' grasp of the whole supply chain. It also provides convenience for commercial banks to develop customers in batches and creates a new profit growth point. In the supply chain transaction, Wangwang, a strong supplier, requires the retailer to pay first before goods. Because the confirmed warehouse financing mode can effectively solve the problem of small and medium-sized enterprises' advance payment, this paper selects confirmed warehouse business as the research object. There are also some problems in the development of confirmed warehouse business. On the one hand, the disharmony of the supply chain financial system leads to unreasonable distribution of income; on the other hand, the commercial banks' evaluation of the risk of confirmed positions lacks effective standards, which leads to adverse selection and moral hazard. In order to study the coordination of confirmed positions and the risk evaluation of commercial banks and realize the sustainable development of confirmed positions, this paper studies the income sharing contract, repurchase guarantee and credit risk evaluation respectively. The main work of this paper is as follows: firstly, on the basis of summarizing the concept of supply chain finance and its development in practice, this paper comprehensively analyzes the applicable object and operation process of the confirmed warehouse business, and points out some problems existing in the development of the confirmed warehouse business. Secondly, this paper analyzes the coordination of the confirmed position financing model under the revenue-sharing contract and the strategies of the participants and compares it with the traditional loan model. Thirdly, supply chain coordination and participation strategy are studied on the basis of supplier repurchase. Finally, for the credit risk evaluation of the confirmed warehouse business, a credit risk evaluation system under the confirmed warehouse model is established by using the multi-level fuzzy evaluation method, and the feasibility and applicability of the above system are proved by an example.
【学位授予单位】：重庆大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832;F274

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