ABSTRACT
Supply chain finance is developed to settle such problems, such as financing difficulties among small and medium-sized enterprises (SMEs), banks' business dilemma, and supply chain fragility. In recent year, supply chain finance in the automobile industry is developing rapidly. However, due to the complexity of automobile supply chain, there are still some business risks, among which credit risks account for a large proportion. To promote the development of automobile SMEs and reduce the risks in the financing process, we predict the potential credit risk points of the automobile industry and construct the evaluation index system. The proportional hazards model (Cox model) is estimated on data from China Stock Market & Accounting Research Database (CSMAR database). The data comprise 95 listed automobile SMEs from 2010 to 2019. The results show that two indexes (current asset turnover and shareholder equity turnover) are included in Cox model. In addition, in order to test the accuracy of Cox model, 25 enterprises compose test set. The accuracy of test results is 72%, which means that the cox model predicts well.
- Xia Yu, Fang Lei, Wei Mingxia. Supply chain finance: theoretical evolution and internal logic [J]. Management Review, 2019,31(12):26-39. (In Chinese)Google Scholar
- Dai Xin qi. Research on Credit Risk Assessment Model of Commercial Banks – An Empirical Study Based on Online Supply Chain Finance [J]. Soft science, 2018, 32 (5): 139-144. (In Chinese)Google Scholar
- Fan Fangzhi, Su Guoqiang, Wang Xiaoyan. Research on credit risk evaluation and risk management of small and medium-sized enterprises in supply chain finance model [J]. Journal of Central University of Finance and Economics, 017(12):34-43. (In Chinese)Google Scholar
- Yang Jun, Fang Zi han. Research on financing mode and credit risk of agricultural small and medium-sized enterprises from the perspective of supply chain finance [J]. Journal of Agrotechnical Economics, 2017(09):95-104. (In Chinese)Google Scholar
- Liu Y, Cui Yong sheng. Credit Risk Evaluation of Small and Medium Enterprises in Supply Chain Finance: Based on SEM and Grey Relational Model [J]. Technological Economics and Management Research, 2016(12):14-19. (In Chinese)Google Scholar
- Tian Mei, He Wenyu. Credit Risk Assessment of Small and Medium-sized Enterprises in Supply Chain Finance Financing Model: A Case Study of Automobile Industry [J]. Industrial Technical Economics, 2016,35(06):154-160. (In Chinese)Google Scholar
- Li Qin, Gong K. A Case Study on Credit Risk of Small and Medium-sized Enterprises under Supply Chain Finance Model [J]. Financial Theory & Practice, 2014(08):66-71. (In Chinese)Google Scholar
- Liu Sen. Research on Supply Chain Finance Credit Risk of Automobile Listed Companies Based on Modified SVM Model [D]. Jiangxi University of Finance and Economics, 2019. (In Chinese)Google Scholar
- Fu D. Research on Supply Chain Finance Risk Evaluation of Commercial Banks [D]. Northwest University for Nationalities, 2019.Google Scholar
- Kristin, J. The impact of economic cycles on the financial performance of public companies [J]. Dalian University of Technology, 2019.Google Scholar
Recommendations
The Role of Blockchain Technology on Supply Chain Finance
DSIT 2020: Proceedings of the 3rd International Conference on Data Science and Information TechnologyThe blockchain technology developed in recent years is gradually applied in the supply chain. The application of this technology to the accounts receivable business model of supply chain finance can effectively solve the existing problems. Therefore, it ...
Cost-benefit Analysis of Supply Chain Finance Based on Uniform Credit Mode
ICIE '10: Proceedings of the 2010 WASE International Conference on Information Engineering - Volume 01Supply chain finance is the most important “loan bridge” of operation and finance management, and develops very rapidly. This paper analyzes the cost-benefit structure of supply chain finance based on uniform credit mode. Further, suppose that logistics ...
Effects of risk aversion and decision preference on equilibriums in supply chain finance incorporating bank credit with credit guarantee
We constructed a Stackelberg game in a supply chain finance SCF system including a manufacturer, a capital-constrained retailer, and a bank that provides loans on the basis of the manufacturer's credit guarantee. To emphasize the financial service ...
Comments