Financial Game Analysis Of The Internet Supply Chain

Internet supply chain finance is a new financing model after the supply chain finance and Internet banking.It combines the characteristics of supply chain finance and Internet banking,makes up for their shortcomings,and potentially solves financing difficulty and financing expensive problem of the SMEs(Small and medium-sized enterprises).It is beneficial to the development of small and medium-sized enterprises and even the real economy in our country.The analysis angle of view of this paper is unique.Traditional research regards Internet supply chain finance as a"black box",focusing on describing its characteristics,patterns and risks from an overall perspective.This paper focuses on the research on the internal relations of the Internet financial supply chain,bases on the perspective of game behavior analysis,analyzes the game behavior of banks and SMEs and the game behavior between banks and B2B platform.The bank is the fund supply side,and the small and medium-sized enterprise is the fund demand side.the game relation between them can best reflect the essence of the financial supply of the Internet supply chain.Bank is part of the information provider,B2B platform is also part of the information provider,the game relation between them can best reflect features that the Internet supply chain finance is different from other financing methods.Only by analyzing the game between banks and small and medium-sized enterprises,banks and B2B platform,can we grasp the advantages and the developing trend and potential risks of the Internet supply chain finance comprehensively.The first chapter is the research status and theoretical basis.It introduces the domestic and foreign scholars' progress and achievements in the field of research,and expounds the economic theory involved in this study.The second chapter focuses on the overall perspective of Internet supply chain finance.It introduces the connotation and subject,format and model of Internet supply chain finance and its emergence and development to lay the foundation for the next research.The third chapter is the game analysis between the bank and SMEs to point out the advantages of the Internet supply chain finance.The conclusion shows that the Internet supply chain finance reduces the information asymmetry between banks and SMEs,and reduces the credit risk of financing,by reducing the cost of banks to obtain information for SMEs,reducing the cost of the bank to recover loans,increasing the proceeds of bank loans,and increasing penalties for defaulting firms.Of course,credit risk is rooted in finance,and can only be reduced,but can not eliminated.The fourth chapter is the game analysis between the bank and the B2B platform to point out the development trend of the Internet supply chain finance.The conclusion shows that the optimal proportion of bank income to total income under the joint credit model is always greater than that under entrusted credit model.With the development of Internet technology and the improvement of work efficiency of B2B platform,the optimal proportion of bank income to total revenue tends to decrease under the joint credit model.In order to prevent this trend,commercial banks have self built electronic business platform.In addition,there are technical risks and operational risks in it,which is derived from the traditional credit model and is magnified in the extensive use of Internet technology.The fifth chapter is policy recommendations.The solution of technical risk and operational risk depends on the upgrading of technology and the training of qualified personnel,so they are not the object of economic research.The chapter intends to focus on addressing the credit risk that has been significantly reduced in the Internet supply chain finance through a variety of secondary means.Firstly we should improve the relevant laws and regulations further.Secondly,to control risk,we should make the price of chattel mortgage prices stability by hedging.Thirdly,we should establish a risk evaluation system,which can play an early warning role.