第三方物流企业融通仓融资服务风险研究

发布时间：2018-07-07 11:32

本文选题：第三方物流 + 融通仓　；参考：《福州大学》2013年硕士论文

【摘要】：在我国国民经济发展中,中小企业起到重要的作用,但资金短缺是制约企业发展的“瓶颈”之一,所以当前中小企业所面临最棘手的问题就是融资难。由于金融危机的影响,基于核心竞争力、成本控制等因素的考虑,越来越多的制造型企业或生产型企业开始对物流等非核心业务进行外包。我国物流市场竞争激烈,经常实施价格战来抢夺市场,但是却削薄了企业利润,而且物流行业高度分散,难以发展壮大,严峻的形势迫使物流企业拓展专业化的物流服务。针对中小企业融资难的困境,物流企业开展融通仓作为一种新的物流服务,将是广大中小企业融资的重要途径之一,已越来越受各界企业的青睐。首先,本文在研究国内融通仓理论基础上,分析融通仓融资服务中的企业信用评估、质押物选择以及质押物监管过程,并定性分析在服务过程中所产生的风险。该文在信用风险和质押物风险的评估上分别采用不同的方法。融通仓服务中企业信用受供应链上下游企业的影响,由于传统信用评价体系的局限性,本文加入供应链运营因素,采用模糊综合分析法评价模型评估企业信用水平,而后将新指标体系与传统指标体系的结果相比较,以证实新指标体系的合理性。在质押物风险上,本文通过VaR法中的参数法客观地衡量出质押物在质押期内的价值风险,并给出相关检验指标以检验VaR值的合理性,质押物VaR值的结果也为物流企业制定贷款额度提供科学的依据。最后,本文以厦门速传物流企业开展融通仓业务为例,分析现有的融通仓融资的运作模式、服务流程以及企业所面临的风险。通过实证分析了模糊综合分析法在对客户企业信用评价上的应用,采用大量历史数据运用在VaR模型中以估算质押物的风险值,进行合理性检验,并结合企业实际情况,为该企业开展融通仓服务提出严格信用审核、限制贷款额度、加强质押物合规化检查等4个防范措施,以保障融通仓服务的顺利进行。
[Abstract]:In the development of our national economy, SMEs play an important role, but the shortage of funds is one of the "bottlenecks" restricting the development of enterprises, so the most difficult problem faced by SMEs is the difficulty of financing. Due to the influence of financial crisis, more and more manufacturing enterprises or production enterprises begin to outsource non-core business, such as logistics and so on, based on the consideration of core competitiveness, cost control and other factors. The competition of logistics market in our country is fierce, and the price war is often carried out to seize the market, but the profit of the enterprise is reduced, and the logistics industry is highly dispersed and difficult to develop. The severe situation forces the logistics enterprise to expand the specialized logistics service. As a new kind of logistics service, logistics enterprises will be one of the important ways for SMEs to finance, which has been more and more favored by enterprises from all walks of life. First of all, on the basis of the domestic finance warehouse theory, this paper analyzes the enterprise credit evaluation, pledge selection and pledge supervision process, and qualitatively analyzes the risks in the service process. This paper uses different methods to evaluate credit risk and pledge risk. The enterprise credit is influenced by the upstream and downstream enterprises in the finance warehouse service. Because of the limitation of the traditional credit evaluation system, this paper adds the operational factors of the supply chain, and uses the fuzzy comprehensive analysis method to evaluate the enterprise credit level. Then the results of the new index system and the traditional index system are compared to verify the rationality of the new index system. On the risk of pledge, this paper objectively measures the value risk of pledge in the pledge period by using the parameter method in VaR method, and gives the relevant test index to test the rationality of VaR value. The result of VaR also provides scientific basis for logistics enterprises to make loan quota. Finally, this paper takes Xiamen express logistics enterprise as an example to analyze the operation mode, service flow and the risk faced by the enterprise. Through the empirical analysis of the application of fuzzy comprehensive analysis to the credit evaluation of customer enterprises, a large number of historical data are used in VaR model to estimate the risk value of pledged goods, and to test the rationality, and combined with the actual situation of enterprises. This paper puts forward four preventive measures for the enterprise to carry out the financial warehouse service, such as strict credit examination, limiting the loan quota and strengthening the compliance inspection of the pledge, so as to ensure the smooth progress of the financing warehouse service.
【学位授予单位】：福州大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F253.7;F259.23

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