电煤流通企业供应链金融服务风险管理研究

发布时间：2018-05-21 08:20

本文选题：电煤供应链 + 供应链金融　；参考：《北京交通大学》2014年硕士论文

【摘要】：电煤供应链是能源经济发展的重要影响因素之一,而供应链中的电煤流通企业作为重要节点,其自身发展受到上下游核心企业的影响较大,供应链金融服务的支撑作用具有重要意义。我国供应链金融服务开展时间不长,目前还未见到对于电煤供应链金融服务风险管理的相关研究。因此对于该领域进行深入的定量研究是必要的。本文以电煤行业为研究背景,回顾了我国电煤行业近年的整体发展情况,结合国内外供应链管理、供应链金融、供应链风险领域的研究理论,以电煤流通企业的供应链金融服务风险为研究对象,进行风险评价与控制研究。论文首先对电煤供应链、供应链金融、供应链风险的相关理论进行阐述,总结电煤流通企业供应链金融的特点,分析电煤供应链现状,得出了电煤流通企业融资难的突出问题,结合电煤供应链中煤炭企业融资需求分析,从采购、运营、销售三个阶段阐述各阶段供应链金融服务的操作模式。在各阶段供应链金融服务模式分析的基础上,对电煤流通企业融资涉及的各类风险点进行识别,采用“主体+债项”的模式,从交易产品资质、电煤流通企业、核心企业、供应链整体运营情况等方面选择合理的指标构建风险评价体系,突出考虑整条供应链的风险。搜集相关指标数据,通过主成分分析法和Logistic模型的综合运用,构建电煤流通企业供应链金融服务风险综合评价方法,并进行实证分析。论文最后结合传统供应链金融风险控制方法,对可能出现的风险点进行控制分析,针对供应链金融服务中质押物价格波动的风险特点,以及电煤流通企业交易产品煤炭的大宗资源特性,引入目前行业内新型的风险控制手段——套期保值,以加强对于供应链金融的风险控制,基此提出新的电煤供应链金融服务模式,并利用VaR方法对套期保值下的风险控制进行分析。
[Abstract]:The power coal supply chain is one of the important influencing factors in the development of energy economy. As an important node, the power coal circulation enterprises in the supply chain are greatly influenced by the upstream and downstream core enterprises. The supporting role of supply chain financial services is of great significance. The supply chain financial service in our country has not been developed for a long time, so far there has not been any research on the risk management of the supply chain financial service in thermal coal supply chain. Therefore, it is necessary to carry out deep quantitative research in this field. Based on the research background of thermal coal industry, this paper reviews the overall development of China's thermal coal industry in recent years, combined with the domestic and foreign supply chain management, supply chain finance, supply chain risk research theory. Taking the supply chain financial service risk of coal circulation enterprise as the research object, the risk evaluation and control are studied. Firstly, the paper expounds the relevant theories of power coal supply chain, supply chain finance and supply chain risk, summarizes the characteristics of power coal circulation enterprise supply chain finance, analyzes the current situation of power coal supply chain, and obtains the outstanding problems of power coal circulation enterprise financing difficulty. Based on the analysis of the financing needs of coal enterprises in power coal supply chain, the operation mode of supply chain financial service in three stages of purchase, operation and sale is expounded. Based on the analysis of the supply chain financial service model in various stages, the paper identifies all kinds of risk points involved in the financing of thermal coal circulation enterprises, adopts the model of "subject debt", from the trading product qualification, power coal circulation enterprises, core enterprises, In the aspect of the whole operation of supply chain, reasonable indexes are chosen to construct the risk evaluation system, and the risk of the whole supply chain is taken into account. Through the comprehensive application of principal component analysis (PCA) and Logistic model, the comprehensive evaluation method of supply chain financial service risk of coal-fired circulation enterprises is constructed, and the empirical analysis is carried out. Finally, combined with the traditional method of financial risk control in supply chain, the paper analyzes the possible risk points, aiming at the risk characteristics of the fluctuation of pledge price in the financial services of supply chain. As well as the large resource characteristics of coal products traded by thermal coal circulation enterprises, the introduction of a new type of risk control means in the industry at present-hedging, in order to strengthen the risk control for supply chain finance, Based on this, a new financial service model of power coal supply chain is proposed, and the risk control under hedging is analyzed by using VaR method.
【学位授予单位】：北京交通大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F253;F426.61

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