【作者】 杨涛；

【导师】 扈文秀；

【作者基本信息】 西安理工大学 ， 工商管理（专业学位）， 2024， 硕士

【摘要】 随着我国“大众创业、万众创新”等扶持政策的出台,我国中小企业也获得了许多机遇。然而,许多中小企业仍难以获得融资,这时就出现了供应链金融,供应链上的中小企业能够依靠核心企业实现融资。大量中小企业的参与会带来相应的风险,核心企业需对中小企业的供应链融资风险进行评估,确保供应链融资顺利进行,因此对供应链融资风险进行管理与评估具有重要意义。本文根据国内外研究现状,梳理供应链融资相关文献,将其与传统融资相比较。现有研究大多从政府层面或者资金供给方的角度进行,较少从企业角度出发。我国对于供应链融资风险的评价较为简单,大多基于金融机构视角建立供应链融资风险评价体系,从核心企业出发对供应链融资风险研究的较少;其次,以ST集团供应链融资为例,对ST集团概况及供应链融资情况进行介绍,进而对ST集团存在的供应链融资风险进行识别,并对风险成因进行分析;再次,建立了 ST集团的供应链融资风险评价体系,并利用层次分析法赋权,利用体育之窗项目作为实例,利用模糊综合评价法评估融资风险;最后,提出了ST集团供应链融资风险的具体管理措施,为同行业的企业提供供应链融资风险的管理启示与参考。因此,本文通过对相关理论与文献的梳理,基于核心企业视角分析了 ST集团在供应链融资过程中可能存在的风险,并选取相应风险评价指标,利用层次分析法、模糊综合评价法建立起ST集团的供应链融资风险评价体系,并将其实际运用于ST集团的国际体育之窗项目,检验其可行性与适用性,然后从市场风险、操作风险、信用风险和运营风险等方面提出了相应的供应链融资风险管理措施。最后,阐述了 ST集团风险评估体系的不足之处与相关问题,并对改进方向提出了一定的建议。更多还原

【Abstract】 China’s small and medium-sized enterprises(SMEs)have brought about a new development with the introduction of various supportive policies including "mass entrepreneurship and innovation".Nonetheless,a lot of small and medium-sized businesses struggle with funding during their development,and professionals from all fields are dedicated to researching novel financing strategies,which has resulted in supply chain financing.Small and medium-sized enterprises and their cooperative core businesses make constitute a supply chain.The core business is typically a large,well-qualified business,and small and medium-sized businesses can rely on its strong suit—that is,the financing of the entire supply chain.However,due to the participation of more subjects,while bringing benefits to enterprises,the risks need to be more concerned.Supply chain finance is guaranteed by the core enterprise’ s participation,and in order to ensure the financing of SMEs proceeds smoothly,the core enterprise must make decisions based on a reasonable assessment of the risk involved.As a result,it should assess the risk of SMEs working with it to finance the supply chain,since this is a crucial decision that will affect not just the supply chain as a whole but also itself.This paper begins with an overview of the research situation surrounding supply chain financing both domestically and internationally.After that,it explores ideas and literature about supply chain finance,with a particular emphasis on supply chain financing risk assessment for SMEs,financing risk assessment for SMEs,and so on.Finally,the paper primarily examines the concept and methodology of supply chain financing,drawing comparisons and contrasts with traditional financing methods.Foreign studies rarely start from the enterprises themselves,but mostly explore the financing problems of SMEs from the level of SMEs’ funders and governments.China has a dearth of experts in supply chain finance risk evaluation,the most of them still view the system through the lens of financial institutions,and very few of them employ the perspective of core businesses when evaluating the risk of upstream SMEs’ supply chain financing;secondly,taking the supply chain financing of ST Group’s Sports Window project as an example,we outline the purpose,methodology,and advantages of this supply chain finance and discover that ST Group is experiencing the following issues.The supply chain finance risk monitoring and credit transfer coverage are inadequate for the following reasons,which are present in ST Group:The lack of a trust platform between suppliers and finance institutions means that the supply chain is not sufficiently protected by established internal and external risk supervision measures;the supply chain is negatively impacted by epidemics;the supplier division standard is not scientific;and the system for running the supply chain needs to be enhanced;lastly,the supply chain is negatively impacted by epidemics;the supplier division standard is not scientific;and the system for running the supply chain needs to be enhanced;lastly,the ST Group’s supply chain financing is looked at,and a number of problems could surface.A risk assessment is then established.a number of potential hazards,developed a system for evaluating supply chain financing risks,and assessed and examined the supply chain financing risk of the Window of Sports proj ect as a case study.In order to establish the supply chain financing risk evaluation system for ST Group,this paper uses pertinent theories,studies pertinent literature,adopts a perspective from the core enterprise,begins with the supply chain financing problems of the company,summarizes its features,carefully chooses its indicators,and employs both the fuzzy comprehensive evaluation method and the hierarchical analysis method.The system’s indicators comprise primary,secondary,and tertiary indicators,as well as non-financial and financial indicators.The enterprise itself,the industry,the supplier chain,and the core enterprise are the four areas covered by the chosen indicators.Ultimately,the evaluation system is implemented on the sports window project in order to conduct real-world trials,confirm the system’s viability and reasonableness,and then provide an overview that makes it clear that the system’s outcomes are realistic and consistent with reality.confirm the system’s viability and reasonableness,and then provide an overview that makes it clear that the system’s outcomes are realistic and consistent with reality.In the end,the shortcomings of ST Group’s risk evaluation system are elaborated,and to a certain extent,suggestions for improving the direction are made.更多还原