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Objective Credit Risk Evaluation Model Of Supply Chain Finance

Posted on:2015-10-29Degree:MasterType:Thesis
Country:ChinaCandidate:Y Z RenFull Text:PDF
GTID:2309330431964099Subject:Technical Economics and Management
Abstract/Summary:PDF Full Text Request
With the development of globalization, the way of economic competition haschanged from enterprise competition to the direction of the competition between theenterprise supply chain. So in the background of supply chain competition, integratingthe resources of supply chain to enhance the overall performance of the supply chain isthe key to enhance the competitiveness of the supply chain. For small and mediumenterprises in the supply chain, its growth and development has been accompanied byfinancing difficulties. With the advance of domestic interest rate market,commercialbanks spreads has narrowed, it is necessary to take part in innovative financial productsand intermediate businesses, in this background, supply chain financing becomes a newprofit growth point of commercial banks. So carrying out supply chain financingbusiness can achieve win-win situation of commercial banks,financial companies andthe development supply chain.In this paper, based on the four representative models of supply chain financing, itanalyzes the risk node in the financing process and the emphasis risk control of eachfinancing model then sums up the factors of strong and general objective riskassessment to select the evaluation of objective credit risk of supply chain financing.Based on the index of evaluation of objective credit risk of supply chain financing andthe loan date of supply chain financing enterprise, by constructing a mathematicalmodel to build the model of BP neural network of the evaluation of objective credit riskof supply chain financing and use "3σ criteria" to make an initial assessment of creditrisk then to avoid the subjective bias of the subject evaluation to sample creditevaluation and consider the applicability to BP neural network in the evaluation ofobjective credit risk of supply chain financing. Finally, from the perspective of riskmanagement processes giving the suggestion about the various participating subjects ofsupply chain to develop supply chain financing business: credit institution need toestablish a sound mechanism foe the risk of supply chain financing; Financingenterprises strength the business with core corporation, in the case of its own the weakstrength as much as possible to rely on the supply chain to develop own-self capabilities;government at all levels put prudential supervision to the supply chain financing andbuild laws and regulations to create a favorable environment for business developmentthen guide and encourage corporation to do supply chain finance business; Warehousingenterprises need to seize the opportunities of supply chain financing and expand its business and its scale to improve their competitiveness. In the same time we shouldrecognize that with the main financing parties cooperate actively, not only supply chainfinancing can meet the requirements of SME financing but also to ensure that reducingthe risk of loans and achieve win-win situation.
Keywords/Search Tags:supply chain financing, objective credit risk, 3σ criterion, BP neural network
PDF Full Text Request
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