Research On The Risk Of Internet Supply Chain Finance Of Confirming Storehouse Model

Internet supply chain finance is a financial innovation around the main line of servicing the real economy,having numerous participants and complicated operation process.Confirming storehouse financing is the main mode of type of financing in advance,but the related research is relatively lagging behind,especially on the research of the risk,lacking of the combination of qualitative analysis and quantitative analysis.From offline to online,great changes have taken place in risk factors,and the risk control strategy of commercial bank should also make corresponding adjustment.Therefore,taking the internet supply chain finance of confirming storehouse model as a research object,based on system dynamics discusses the financing risk has theoretical significance and practical significance.This paper analyzes the reason of confirming storehouse financing developing from offline to online.Guided by the principal-agent theory,it studies the evolution of principal-agent relationship.This paper identifies the financing risk from the angle of the whole process,analyzes the financing risk of feedback loop,and explores the transmission path between operational risk,market risk,and credit risk.On the basis of qualitative analysis,it establishes system dynamics model of financing risk,and makes simulation analysis and sensitivity analysis.According to the simulation and sensitivity analysis results,we put forward pertinence suggestions about risk management.The main research conclusions are as follows: Firstly,principal-agent relationship evolves from sheer level to double layers,from the double levels to the multi-level.The evolution result is further information sharing and further optimizing the problem of asymmetric information.Secondly,according to the financing risk of causality diagram,it is concluded the financing risk conduction path: credit risk caused by market risk,while credit risk and operational risk conduct mutually.According to the simulation results,it is concluded that financing risk and banking supervision system have negative correlation relationship,while risk can promote regulation and supervision of bank.Finally,according to the simulation analysis and sensitivity analysis,we put forward suggestions about risk management: setting up acore enterprise screening mechanism,optimizing of external environment of banking supervision,building a multi-level banking supervision information platform,improving the market rapid response mechanism.This paper has the following innovation points:(1)From the perspective of principal-agent,the paper analyzes the "offline" to "line" evolution of confirming storehouse financing,and highlights the characteristics of Internet confirming storehouse financing: reducing the information asymmetry degree.(2)This paper applies system dynamics to the internet supply chain financing's risk analysis,sets up the financing risk of causality diagram,analyzes the risk of feedback loop,and reveals the rule of risk conduction.(3)This paper builds financial risk system dynamics model of internet supply chain of confirming storehouse financing.From the perspective of quantitative,it measures the financing risk and studies the relationship between credit risk,operation risk and marketing risk.