Research About The Impact Of "Internet Plus"supply Chain Finance On Financing Cost

With the deepening of supply side structural reform,China's economy has entered a stage of high-quality development.With the rise and continuous development of the Internet industry,the competition among enterprises has gradually increased,and all walks of life are looking for profit growth points to create lasting competitiveness.Supply chain finance is the major integration of supply chain management and financial field,and how to build an efficient and stable supply chain has become one of the means of competition among enterprises.Especially in the era of Internet big data,the Internet supply chain finance model emerges as the times require.Its continuous application can bring great power to the development of Chinese enterprises.In the model of Internet supply chain finance,some core enterprises of traditional industries,relying on their own credit advantages and full understanding of upstream and downstream enterprises,combined with the Internet financial platform,provide financing services for upstream and downstream enterprises in the supply chain with capital demand,and solve their financing difficulties in traditional channels.This paper selects Haier Group as a case,and specifically analyzes the influence of Supply Chain Finance on financing cost under the guidance of Haier as a core enterprise.First of all,this paper analyzes the internal advantages and feasibility of Haier's supply chain financial model.Secondly,it focuses on Haier's supply chain financial model,and analyzes its operation process and characteristics.Finally,from such three aspects as equity financing cost,debt financing cost and weighted average capital cost,this paper analyzes the impact of Haier Internet Supply Chain Finance on the financing cost of both Haier and related upstream and downstream enterprises.The results show that Haier supply chain finance does alleviate the financing constraints of its own and related upstream and downstream enterprises to a certain extent and reduce their financing cost.Therefore,the Internet supply chain financial model dominated by core enterprises is worthy of affirmation.so it is necessary for the core enterprise and related upstream and downstream enterprises to combine big data,block chain and other technologies to reasonably control operational risks,so that the supply chain financial model can continue to develop and extend.