A Research On SME Supply Chain Financing Decisions Under Government Participation In Green Credit

With the rapid development of China's economy,environmental pollution issues have gradually aroused great concern from the society.In this regard,relevant government departments continue to increase environmental control.The 19th National Congress report requires efforts to solve outstanding environmental problems,and environmental protection requirements have approached rigid constraints.As a small and medium-sized enterprise that plays an important role in promoting the development of the national economy,it will also cause a lot of resource consumption and environmental pollution problems in its daily production.The management of environmental pollution of small and medium-sized enterprises has also become a key and difficult task for the government and society.SMEs generally suffer from a shortage of production funds,so they will also ignore the problem of pollution reduction.In today's globalized supply chain,the problem of upstream SMEs failing to meet environmental standards will endanger the entire supply chain and may have an impact on the global economy.Therefore,they cannot simply shut down environmental pollution control in SMEs.The problem of insufficient funds has become an urgent research topic.In recent years,government departments have proposed the establishment of a "green credit" mechanism to introduce capital flows to enterprises or projects that are conducive to energy conservation and environmental protection,and to allocate green funds.Government departments encourage and restrict the green behavior of enterprises or projects through policy guidance and supervision and management to solve environmental externalities.The main government intervention methods include loan discounts and green subsidies.Based on the above background,this paper studies the supply chain financing strategies of SME suppliers that are underfunded due to green investment under different government subsidy models participating in green credit,and explores suppliers,manufacturers and The government's own optimal decision.In addition,the article makes a comparative analysis of the optimal decision-making in the two cases,which provides a reference for the government to choose different subsidy models.In this process,this paper focuses on the situation that the optimal decision-making of the relevant parties under the two government subsidies is affected by the green input ratio and consumer green sensitivity.The research results of the thesis show that:under the two situations in which the government participates in green credit,the green investment of enterprises in the supply chain has a greater influence on the supply chain financing decisions and government decisions.When the green input is relatively small,the increase in the consumer 's green sensitivity helps to drive market demand and increase the total social welfare and the profits of the supply chain enterprises;when the green input is relatively large,the situation is just the opposite,and the consumer 's green sensitivity increases On the contrary,it is not conducive to the growth of market demand,total social welfare and the profits of supply chain enterprises.When the green input is relatively small,the profit,market demand and total social welfare of the supply chain enterprises under the government green product subsidy situation are higher than those under the financial discount rate,and as the green input ratio becomes larger,the supply chain under the financial discount rate situation Corporate profits,market demand and total social welfare will be higher than in the case of product subsidies,but at this time the value of all parties'profits and total social welfare are relatively low.