本文選題：低碳經(jīng)濟(jì) + 供應(yīng)鏈融資　； 參考：《天津大學(xué)》2014年碩士論文

【摘要】：低碳經(jīng)濟(jì)給企業(yè)的傳統(tǒng)生產(chǎn)經(jīng)營帶來了減排壓力，在碳交易的背景下，碳排放權(quán)成為一種新興的企業(yè)資源，可以作為一種商品進(jìn)行交易，同時(shí)，碳排放權(quán)作為企業(yè)的一種資產(chǎn)具有較大的融資應(yīng)用價(jià)值。中小企業(yè)是社會經(jīng)濟(jì)最活躍的部分，卻一直面臨資金籌集的困境，，尋找低碳經(jīng)濟(jì)中更適合企業(yè)的新型融資途徑勢在必行。供應(yīng)鏈融資作為一種新的融資模式，因其利用整個(gè)供應(yīng)鏈資信水平彌補(bǔ)了中小企業(yè)信用低的融資劣勢，成為中小企業(yè)可行的融資途徑。 文章首先界定了供應(yīng)鏈層面的碳資產(chǎn)概念并分析了其可質(zhì)押性。本文在分析現(xiàn)有的供應(yīng)鏈融資模式的基礎(chǔ)上，利用演進(jìn)的思路從供應(yīng)鏈資源、結(jié)構(gòu)和實(shí)踐三個(gè)角度分析了碳交易下供應(yīng)鏈融資的新趨勢。順應(yīng)供應(yīng)鏈融資的演進(jìn)方向，文中提出了碳交易框架下配額型碳資產(chǎn)質(zhì)押的融資模式，以解決供應(yīng)鏈企業(yè)低碳化過程中的融資難題。 基于以上演進(jìn)方向，文章針對銀行和減排企業(yè)形成的二級供應(yīng)鏈，建立了可選擇貸款額的配額型碳資產(chǎn)質(zhì)押模型，利用博弈的思想，分析了減排壓力下該模型運(yùn)作中銀行和企業(yè)的決策，推導(dǎo)出模式運(yùn)作的條件。文章發(fā)現(xiàn)企業(yè)融資后最優(yōu)產(chǎn)量和減排量均增加的結(jié)論。同時(shí)，在銀企最優(yōu)決策下，存在企業(yè)減排成本系數(shù)改善程度和財(cái)務(wù)能力的可行范圍，使得融資后企業(yè)利潤增加，從而證明了模式的可行性和有效性。并根據(jù)企業(yè)利潤和企業(yè)財(cái)務(wù)能力的關(guān)系分析，發(fā)現(xiàn)本文的融資模式對財(cái)務(wù)能力較弱的中小企業(yè)融資有著更好的支持效果。 最后，本文利用算例研究的方法，選擇低碳經(jīng)營壓力典型的鋼鐵行業(yè)數(shù)值進(jìn)行分析，對配額型碳資產(chǎn)質(zhì)押模型進(jìn)行數(shù)據(jù)分析，進(jìn)一步驗(yàn)證模式效果的同時(shí)，找到了模式的關(guān)鍵風(fēng)險(xiǎn)控制因素，并提出了具體的風(fēng)險(xiǎn)管理措施。
[Abstract]:Low-carbon economy has brought the pressure of emission reduction to the traditional production and management of enterprises. Under the background of carbon trading, carbon emission rights have become a new enterprise resource, which can be traded as a commodity, at the same time, As an asset of enterprises, carbon emission right has a great value of financing application. Small and medium-sized enterprises are the most active part of social economy, but they are facing the dilemma of raising funds all the time, so it is imperative to find new financing ways that are more suitable for enterprises in low-carbon economy. As a new financing mode, supply chain financing is a feasible way for SMEs to use the credit level of the whole supply chain to make up for the low credit disadvantage of SMEs. Firstly, the paper defines the concept of carbon assets in supply chain and analyzes its pledge. Based on the analysis of the existing supply chain financing models, this paper analyzes the new trend of supply chain financing under carbon trading from three angles of supply chain resources, structure and practice by using the evolutionary thinking. According to the evolution direction of supply chain financing, this paper puts forward the financing mode of quota carbon asset pledge under the framework of carbon trading, in order to solve the financing problem in the process of low carbonization of supply chain enterprises. Based on the above evolution direction, aiming at the secondary supply chain formed by banks and emission-reducing enterprises, this paper establishes a quota carbon asset pledge model with optional loan amount, and makes use of the idea of game theory. The decision of banks and enterprises in the operation of the model under the pressure of emission reduction is analyzed, and the operating conditions of the model are deduced. This paper finds that the optimal output and emission reduction increase after financing. At the same time, under the optimal decision of the bank and enterprise, there is a feasible range of the improvement degree of the cost coefficient of emission reduction and the financial ability of the enterprise, which makes the enterprise profit increase after financing, which proves the feasibility and effectiveness of the model. Based on the analysis of the relationship between enterprise profit and financial ability, it is found that the financing mode of this paper has better support effect to the financing of small and medium-sized enterprises with weak financial ability. Finally, by using the method of example study, this paper selects the typical low carbon management pressure of steel industry to analyze the data of quota type carbon asset pledge model, and further verifies the effect of the model at the same time. The key risk control factors of the model are found, and specific risk management measures are put forward.
【學(xué)位授予單位】：天津大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2014
【分類號】：X196;F832.4

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