Research On Financing Strategy Of Low Carbon Supply Chain

The proposal of the “carbon peak and carbon neutrality” strategic goal shows that the country pays more attention to the development of low-carbon economy,and the mechanism of the national carbon trading market is gradually improving.At the same time,consumers’ increasing low-carbon awareness will also encourage enterprises to operate in the production and operation process.China focuses on low-carbon emission reduction efforts.However,due to the large number of small and medium-sized enterprises in my country,they often face financial constraints in the production and operation process.Low-carbon emission reduction requires a large amount of investment,and the problem of insufficient corporate funds is becoming more and more obvious.With the successive implementation of low-carbon development support policies,small and medium-sized enterprises can choose financing models that are becoming more abundant.Based on the above-mentioned background,low-carbon supply chain financing has attracted the attention of many scholars.Under the cap-and-trade mechanism,this paper constructs a Stackelberg game model and introduces consumers’ low-carbon preferences,in which retailers are leaders and manufacturers with limited funds are followers.In the face of financial difficulties,there are four financing models for manufacturers to choose: bank loan financing(BF),equity financing(EF),retailer advance payment financing(PF),wholesale price discount financing(WF),based on different financing models This paper studies the optimal production financing decisions of supply chain members,and further analyzes the impact of demand low-carbon sensitivity coefficients and low-carbon emission reduction cost coefficients on optimal decisions.This study found that supply chain members can achieve optimal decision-making in different financing situations,and the equilibrium results are positively correlated with the sensitivity of low-carbon levels and negatively correlated with the cost of low-carbon emission reduction.Finally,the numerical simulation method is used to analyze the changes of the equilibrium results with the financing cost expense ratio under different financing modes,and compare the equilibrium results of different financing modes under the same financing cost expense,and then make the best decision according to the different decision goals of the capital-constrained manufacturers.Optimal financing strategy selection,in addition,it analyzes the preference of a sufficiently funded retailer as the leader of the supply chain for the manufacturer’s financing strategy.