中小企业质押融资业务下质押比的研究

发布时间：2018-01-07 20:05

本文关键词：中小企业质押融资业务下质押比的研究　出处：《重庆大学》2014年硕士论文　论文类型：学位论文

【摘要】：存货质押融资是当下物流金融领域中最重要的实现形式之一，是推动经济增长的一个非常的重要力量，同时也是解决目前企业融资难问题，特别是中小企业借款难问题的一个重要方式。存货质押业务属于物流行业与金融行业在实践中相结合应运而生的一种产物，既是金融行业一种创新，也是物流业的一种创新。在实践中，存货质押融资最先被大型企业采用，尤其是跟银行有良好合作关系的大型企业，随着中国市场经济的强劲增长，中小企业成为一支重要的生力军，这种融资方式逐渐被中小企业广泛应用。采用质押融资方式给企业带来两个方面的好处，一方面能够更好的解决中小企业的融资难问题，帮助中小企业因资金紧张无法持续生产或者扩大生产的问题；另一方面，可以帮助银行开展有信誉的客户贷款，降低贷款违约的风险，获得更大的市场份额；再其次，对于物流企业来说，可以促进物流企业向更专业化方向发展，拓展新的业务领域，提高自身的盈利能力。所以存货质押业务能够很好的解决企业与银行之间的矛盾，帮助银行与物流企业，中小企业与物流企业融合资源，从而使银行、中小企业、物流企业三方都能获益，实现共赢的目标。然而，现实中由于存货质押业务还处于快速发展阶段，收到种种因素的影响，还没有形成完善的理论框架。现有的文献大多是从静态进行研究存货质押业务。在本文中，首先从存货质押的时代背景入手，介绍国际上、国内存货质押业务的发展状况，进而论述中小企业的相关概念和存货质押的概念及理论依据。在文章第三章论述需求确定条件下的存货质押业务最优比例，，在第四章论述需求不确定条件下的存货质押比例，在需求不确定条件下的存货质押中利用报童模型求解，然后给出算例，用算例验证是否存在最优的质押比以及存货质押比与银行利率、存货质押比与质押率之间的关系。最后给出结论即在实践中当中小企业采用存货质押融资这种方式进行融资时，存在最优质押比以及最优质押比与其他变量之间的关系。最后提出文章研究的不足与进一步研究的方向以及中小企业开展存货质押融资业务时，应该注意的问题。
[Abstract]:Inventory financing is one of the most important form of realization of current logistics in the financial field, is a very important force to promote economic growth, but also to solve the financing difficulties of the enterprises, especially small and medium-sized enterprise loan difficult problem is an important way. A product inventory pledge business belongs to the logistics industry and the financial industry in practice in the combination of the financial industry came into being, is a kind of innovation, also an innovation of the logistics industry. In practice, inventory financing was the first large enterprises to adopt, especially large enterprises have good relations of cooperation with the bank, with strong growth in China market economy, small and medium-sized enterprises has become an important force. This mode of financing is gradually applied to small and medium-sized enterprises. The pledge financing bring two benefits to the enterprise, on the one hand, it can better solve the problem of small and medium sized enterprises The problem of financing, to help small and medium enterprises because of funding constraints can not continue production or expand production problems; on the other hand, can help banks to carry out credit loans to customers, reduce the risk of loan defaults, to gain greater market share; secondly, for the logistics enterprises, can promote the development of logistics enterprises to more professional the direction of development, new business areas and improve their profitability. So the stock pledge business can well solve the contradiction between enterprises and banks, help banks and logistics enterprises, resource integration of small and medium-sized enterprises and logistics enterprises, so that the bank, small and medium-sized enterprises, the three party logistics enterprises can benefit and achieve win-win the target.
However, due to the fact that inventory pledge business is still at a rapid development stage, various factors have not yet formed a perfect theoretical framework. Most of the existing literatures are studying inventory pledge business from static perspective.
In this paper, first of all from the inventory background, introduces the development situation of domestic, stock pledge business, and then discusses the concept and theoretical basis of the related concepts of small and medium enterprises and stock pledge. In the third chapter under deterministic demand inventory optimal proportion, in the fourth chapter of uncertain demand under the condition of the stock pledge ratio in demand uncertainty solving newsboy model under the conditions of the pledge of use in inventory, and then an example is given by an example verify the existence of optimal pledge ratio and stock pledge ratio and bank interest rates, the relationship between stock pledge ratio and pledge rate. Finally it gives the conclusion that in practice when small and medium the enterprise inventory financing this way of financing, there is the optimal ratio and the optimal ratio and other variables. Finally, propose the research article The problems that should be paid attention to in the direction of further research and the development of inventory financing for small and medium-sized enterprises.

【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】：F276.3;F259.23;F832.4

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