本文選題：供應(yīng)鏈金融　切入點(diǎn)：應(yīng)收賬款融資　出處：《江南大學(xué)》2013年碩士論文　論文類型：學(xué)位論文

【摘要】：經(jīng)過(guò)幾十年的研究和發(fā)展，供應(yīng)鏈管理在物流和信息流方面都取得了很大的成績(jī)，在一定程度上提高了運(yùn)營(yíng)效率，降低了運(yùn)營(yíng)成本，而資金流成為進(jìn)一步提高供應(yīng)鏈運(yùn)營(yíng)效率的瓶頸因素。供應(yīng)鏈上的核心企業(yè)利用優(yōu)勢(shì)地位提高上游供應(yīng)商中小企業(yè)的應(yīng)收賬款賬期。這樣使得供應(yīng)鏈上中小企業(yè)的應(yīng)收賬款量增多，，賬期增長(zhǎng)，影響中小企業(yè)的資金利用率。而中小企業(yè)由于自身?xiàng)l件限制，應(yīng)收賬款融資利用率很低，甚至無(wú)法用應(yīng)收賬款進(jìn)行融資。銀行從供應(yīng)鏈的角度，以供應(yīng)鏈整體的信用水平和真實(shí)的交易背景為依托，對(duì)處于上游供應(yīng)商地位的中小企業(yè)展開應(yīng)收賬款融資服務(wù)。 作為一種新型的金融服務(wù)產(chǎn)品，供應(yīng)鏈金融應(yīng)收賬款融資要想獲得參與方的認(rèn)可，必須具有自己的優(yōu)勢(shì)，同時(shí)，其實(shí)施過(guò)程中伴隨的風(fēng)險(xiǎn)也不容忽視�；诖�，本文主要研究了供應(yīng)鏈金融應(yīng)收賬款融資模式及其信用風(fēng)險(xiǎn)評(píng)價(jià)。第一部分介紹了開展供應(yīng)鏈金融應(yīng)收賬款融資業(yè)務(wù)的背景及其理論研究現(xiàn)狀，說(shuō)明了我國(guó)開展此項(xiàng)業(yè)務(wù)的現(xiàn)實(shí)需求。第二部分介紹了供應(yīng)鏈金融的融資模式，并重點(diǎn)介紹供應(yīng)鏈金融應(yīng)收賬款融資模式，可拓層次分析法的基本理論知識(shí)，奠定了本文的理論基礎(chǔ)。第三部分運(yùn)用博弈論的方法對(duì)供應(yīng)鏈金融應(yīng)收賬款融資和傳統(tǒng)應(yīng)收賬款融資兩種模式下的參與方的行動(dòng)進(jìn)行分析。通過(guò)比較得出，在供應(yīng)鏈金融應(yīng)收賬款融資模式中，由于核心企業(yè)的參與，變?yōu)槿讲┺�，同時(shí)供應(yīng)鏈的引入增加了企業(yè)違約的成本，從而改變了傳統(tǒng)模式下了兩方博弈的均衡。定性的揭示了供應(yīng)鏈金融應(yīng)收賬款融資的優(yōu)勢(shì)。第四部分構(gòu)建供應(yīng)鏈金融應(yīng)收賬款融資信用風(fēng)險(xiǎn)評(píng)價(jià)的指標(biāo)體系，利用可拓層次分析法對(duì)供應(yīng)鏈金融應(yīng)收賬款融資模式進(jìn)行信用風(fēng)險(xiǎn)評(píng)價(jià)。與傳統(tǒng)融資模式相比，供應(yīng)鏈金融應(yīng)收賬款融資模式中的風(fēng)險(xiǎn)來(lái)源增加了供應(yīng)鏈運(yùn)營(yíng)狀況和核心企業(yè)資質(zhì)兩個(gè)要素，并增加了對(duì)融資模式的閉環(huán)的考查。然后通過(guò)具體的案例進(jìn)行計(jì)算，對(duì)兩種模式下的信用風(fēng)險(xiǎn)進(jìn)行計(jì)算評(píng)級(jí)，結(jié)果表明供應(yīng)鏈金融應(yīng)收賬款融資模式能夠提高融資項(xiàng)目的信用風(fēng)險(xiǎn)等級(jí)。文章通過(guò)博弈論分析和信用風(fēng)險(xiǎn)評(píng)價(jià)，定性和定量的證明了供應(yīng)鏈金融應(yīng)收賬款融資具有很大的融資優(yōu)勢(shì)，給各參與方提供理論上的借鑒。同時(shí)，在信用風(fēng)險(xiǎn)評(píng)價(jià)方面，設(shè)計(jì)符合供應(yīng)鏈金融應(yīng)收賬款融資模式的信用風(fēng)險(xiǎn)評(píng)價(jià)指標(biāo)體系，為銀行開展信用風(fēng)險(xiǎn)評(píng)價(jià)提供理論上的借鑒。
[Abstract]:After decades of research and development, supply chain management has made great achievements in logistics and information flow, to a certain extent, improve the operational efficiency and reduce the operating costs. The capital flow becomes the bottleneck factor to further improve the efficiency of supply chain operation. The core enterprises in the supply chain take advantage of their position to improve the accounts receivable period of SMEs in upstream suppliers. Increase in the amount of accounts receivable, The increase of account period affects the fund utilization ratio of small and medium-sized enterprises. However, due to the limitation of their own conditions, the utilization rate of accounts receivable financing is very low, even can not be used to finance accounts receivable. Banks from the point of view of supply chain, Based on the credit level of the whole supply chain and the real transaction background, the accounts receivable financing service is provided to the SMEs in the upstream supplier position. As a new type of financial service product, the financing of accounts receivable in supply chain must have its own advantages if it wants to be recognized by the participants, at the same time, the risks associated with its implementation should not be ignored. This paper mainly studies the financing mode of supply chain financial accounts receivable and its credit risk evaluation. The first part introduces the background and theoretical research status of developing supply chain financial accounts receivable financing business. The second part introduces the financing mode of supply chain finance, and focuses on the financing mode of accounts receivable of supply chain finance, the basic theoretical knowledge of extension hierarchy process. The third part uses the game theory method to analyze the actions of the participants under the two models of supply chain financial accounts receivable financing and traditional accounts receivable financing. In the financing model of supply chain financial accounts receivable, the participation of core enterprises becomes a tripartite game, and the introduction of supply chain increases the cost of enterprise default. Thus changing the traditional mode of two-party game equilibrium, qualitatively reveals the advantages of supply chain financial accounts receivable financing. The fourth part constructs the credit risk evaluation index system of supply chain financial accounts receivable financing. The credit risk evaluation of the supply chain finance accounts receivable financing mode is carried out by using the extension Analytic hierarchy process, which is compared with the traditional financing model. The risk sources in the financing model of supply chain financial receivable increase the supply chain operation status and core enterprise qualification, and increase the closed-loop examination of the financing model. The results show that the supply chain financial accounts receivable financing model can improve the credit risk rating of the financing project. This paper analyzes and evaluates the credit risk by game theory. It proves qualitatively and quantitatively that the financing of accounts receivable of supply chain finance has a great advantage of financing, and provides theoretical reference to all participants. At the same time, in the aspect of credit risk evaluation, This paper designs a credit risk evaluation index system which accords with the financing mode of supply chain finance accounts receivable, and provides a theoretical reference for banks to carry out credit risk evaluation.
【學(xué)位授予單位】：江南大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類號(hào)】：F832

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