供应链金融协同及实证研究-应用经济学;金融学专业论文.docx

摘要 摘要 万方数据 万方数据 摘 要 供应链金融是市场经济与物流金融并行发展的产物，是互联网金融服务的 重要载体。随着第三方物流的快速发展与互联网金融的兴起，供应链金融稳步 发展迎来非常好的契机。在这种情况下积极引入第三物流企业参与供应链金融， 实现供应链金融协同的研究也越来越重要。所以本文通过供应链金融协同的分 析及实证，为这项业务的开展进行可行性的论述。 本文通过对供应链金融参与主体相互关系的理论论述，再分析各主体的收 益，找到研究的结合点。引入第三方物流企业代理供应链金融业务下中小企业 的资金需求，与金融机构形成合作协商的供应链金融协同模式，并理论假设市 场条件充分，利用面向服务的 agent 协同分析供应链金融下，第三方物流企业收 益与银行金融机构收益的相互关系，提出中小企业流动商品担保的资金短期贷 款需求充分满足的假设，得到了第三方物流企业与金融机构合作博弈的供应链 金融协同的数学表达式，可以为平台构建提供依据。最后再对引入第三方物流 企业进入供应链金融模式可行性进行实证研究，利用 VAR 模型证明第三方物流 企业收益受金融机构中小企业短期贷款及票据融资的影响，进入供应链金融代 理业务可以服务供应链企业，同时增加自身的收益。最后本文提出供应链金融 协同模式下不同参与主体建立 agent 的建议措施，展望进一步研究的方向，为供 应链金融协同更深入的研究工作提供参考。 关键词：供应链金融 agent 协同 VAR 模型 可行性 I Abstract Abstract 万方数据 万方数据 Abstract Supply chain finance came with the development of market and logistics, it is the important subject for us under internet finance services condition. Along with the third logistics’ developing and internet finance arising, supply chain finance has a good opportunity to be expanded. In this case, introducing the third logistics cooperation, especially the core corporate in the logistics industry, into supply chain finance system, and it is more and more important for us to make a study on achieving coordination of supply ch ain finance. So the paper tried to analyze the coordination of supply chain finance and make a demonstration, to discuss the feasibility of supply chain finance . The article discussed the theory of the relationship among supply chain finance subjects, and analyzed profits of the subjects, to find the junction of studies. In the supply chain finance, the third logistics agented fund requirement of small and medium businesses, joined with financial institutions to establish the coordination model of supply ch ain finance, supposed that the market had sufficient conditions, based on service-faced agent to analyse the correlation between profits of third logistics enterprises and profits of banks in the supply chain finance, and based on the assume that the short period funds requirement of sma