[1]孙喜梅,余博,韩彪.基于供应链信用度的应收账款贷款价值比优化[J].深圳大学学报理工版,2015,32(6):652-660.[doi:10.3724/SP.J.1249.2015.06652]
　Sun Ximei,Yu Bo,and Han Biao.Accounts receivable LTV ratio optimization based on supply chain credit[J].Journal of Shenzhen University Science and Engineering,2015,32(6):652-660.[doi:10.3724/SP.J.1249.2015.06652]
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基于供应链信用度的应收账款贷款价值比优化()
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《深圳大学学报理工版》[ISSN:1000-2618/CN:44-1401/N]

卷:
第32卷
期数:
2015年第6期
页码:
652-660
栏目:
交通物流
出版日期:
2015-11-23

文章信息/Info

Title:
Accounts receivable LTV ratio optimization based on supply chain credit
文章编号:
201506014
作者:
孙喜梅1; 余博2; 韩彪1
1）深圳大学经济学院，深圳 518060
2）厦门大学经济学院，福建厦门 361005
Author(s):
Sun Ximei1;  Yu Bo2;  and Han Biao1
1) College of Economics, Shenzhen University, Shenzhen 518060, P.R.China
2) School of Economics, Xiamen University, Xiamen 361005, Fujian Province, P.R.China
关键词:
供应链金融; 应收账款额度; 应收账款融资; 信用水平; 供应链信用度; 贷款价值比
Keywords:
supply chain finance;  supply chain;  accounts receivable financing;  credit level;  supply chain credit;  loan to value ratio
分类号:
F 830.56
DOI:
10.3724/SP.J.1249.2015.06652
文献标志码:
A
摘要:
基于供应商、核心企业和银行三方合作的供应链框架，假定供应商和核心企业的违约率外生，提出供应链信用度的定义，建立并分析银行贷款价值比的决策模型．研究表明，供应链应收账款融资的银行存在最优贷款价值比，且最优贷款价值比高于供应商单独融资的贷款价值比；一定条件下，银行最优贷款价值比与供应链的信用度、核心企业影响度、产品销售价呈正相关；与应收账款额度、产品批发价、银行风险厌恶程度呈负相关．所得结果有助于银行融资择向及确定应收账款最优贷款价值比．
Abstract:
Assuming that the supplier and the core enterprise’s default rate is exogenous, we define supply chain credit on the basis of the framework of supply chain comprised of the supplier, the core enterprise, and the bank. The decision model on bank loan to value (LTV) ratio is developed and analyzed. It is shown that the optimal LTV ratio exists, and the optimal LTV ratio based on the supply chain is higher than that for the supplier financing alone. At certain conditions, the bank’s optimal LTV is positively correlated to supply chain credit, the effect of the core enterprise and the product sale price, while it is negatively correlated to accounts receivable amount, product wholesale price and the degree of risk aversion of the bank. The numerical simulation results will be helpful for banks to choose financing direction and account receivable optimal LTV ratio.

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相似文献/References:

[1]孙喜梅,赵国坤,汪颖.存货质押融资对供应链效益的影响[J].深圳大学学报理工版,2014,31(3):317.[doi:10.3724/SP.J.1249.2014.03317]
　Sun Ximei,Zhao Guokun,and Wang Ying.Effect analysis on supply chain performance based on inventory pledging financing[J].Journal of Shenzhen University Science and Engineering,2014,31(6):317.[doi:10.3724/SP.J.1249.2014.03317]
[2]孙喜梅,余博,韩彪.基于Stackelberg模型的应收账款融资决策优化[J].深圳大学学报理工版,2014,31(6):654.[doi:10.3724/SP.J.1249.2014.06654]
　Sun Ximei,Yu Bo,and Han Biao.Accounts receivable financing decision optimization based on Stackelberg model[J].Journal of Shenzhen University Science and Engineering,2014,31(6):654.[doi:10.3724/SP.J.1249.2014.06654]
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　Zhao Guokun,Sun Ximei,and Wang Ying.Analysis on inventory quantity of retailers based on supply chain credit[J].Journal of Shenzhen University Science and Engineering,2016,33(6):102.[doi:10.3724/SP.J.1249.2016.01102]

备注/Memo

备注/Memo:
Received：2015-04-23；Accepted：2015-10-14
Foundation：National Natural Science Foundation of China (10YJC630320)；
Science and Technology Research Project of Road Transportation Management Bureau of Guangdong Province
Corresponding author：Associate professor Sun Ximei. E-mail: szusxm@163.com
Citation：Sun Ximei, Yu Bo, Han Biao. Accounts receivable LTV ratio optimization based on supply chain credit ［J］. Journal of Shenzhen University Science and Engineering, 2015, 32(6): 652-660.（in Chinese）
基金项目：国家自然科学基金资助项目（10YJC630320）；广东省道路运输管理局资助项目
作者简介：孙喜梅（1965—），女（汉族），吉林省长春市人，深圳大学副教授、博士. E-mail：szusxm@163.com
引文：孙喜梅，余博，韩彪.基于供应链信用度的应收账款贷款价值比优化［J］. 深圳大学学报理工版，2015，32（6）：652-660.
更新日期/Last Update: 2015-11-05