Journal of Finance and Accounting

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Research on the Credit Risk Management of Small and Medium-Sized Enterprises Based on Supply Chain Finance

Received: 20 July 2016    Accepted: 29 July 2016    Published: 15 August 2016
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Abstract

Small and medium-sized enterprises have made great contribution to the prosperity of market economy and the stability of social order in China, but they often suffer from the financing difficulties. Supply chain finance model is a new angle of view to solve the financing difficulties of small and medium-sized enterprises. Firstly, this paper defines the related theory of supply chain finance. Secondly, it analyzes the three main financing models of supply chain finance: the financing model of prepayment, the financing model of inventory pledge and the accounts receivable financing model. Thirdly, it combines the expert evaluation method and the fuzzy comprehensive evaluation method to establish the comprehensive evaluation model of financing credit risk of small and medium-sized enterprise. Finally, it provides some suggestions in the financial institutions aspect to prompt the financing development of small and medium-sized enterprises. The contents of this study have certain innovative and practical significance, it may benefit to solve the financing problems of small and medium-sized enterprises in China.

DOI 10.11648/j.jfa.20160405.11
Published in Journal of Finance and Accounting (Volume 4, Issue 5, September 2016)
Page(s) 245-253
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Supply Chain Finance, Small and Medium-sized Enterprises, Credit Risk Management, Risk Rating, Fuzzy Comprehensive Evaluation Method

References
[1] Information Office of the State Council of the people's Republic of China: http://www.scio.gov.cn/xwfbh/xwbfbh/yg/2/Document/1469592/1469592.htm. 2016.
[2] Donald J. Bowersox, David J. Closs, Supply Chain Logistics Management [M]. Beijing: China Machine Press, 2014.
[3] Xu Juanjuan, Research on the financing mode and its credit risk of small and medium-sized enterprises based on Supply Chain Finance [D]. Wuhan: Wuhan University, 2012.
[4] Feng Gengzhong, He Juan, Li Yixue, Wang Shouyang. Logistics financial innovation: operation and management [M]. Beijing: Science Press, 2014.
[5] Zhang Jinqing. Financial risk management [M]. Shanghai: Fudan University Press, 2015.
[6] Fu Xudong. Financial logistics [M]. Beijing: New world press, 2013.
[7] Li Na. Analysis of trade financing business opportunities and risk prevention of commercial banks in the supply chain [J]. Guangdong finance research, 2008 (3): 46-49.
[8] Qiao Wei. SME credit rating model and its application based on a new credit rating index system [D]. Kaifeng: Henan University, 2008.
[9] Wang Zhen, Research on financing credit evaluation of small and medium sized enterprises in China [D]. Jinan: Shandong University, 2009.
[10] Xia Liming, Zong Hengheng, Meng Li. The construction of credit risk evaluation index system of small and medium sized enterprises based on supply chain finance. [J], Finance Forum, 2011, 73-79.
[11] Wang Ran. Research on the financial risk of the financing platform based on the multi-level fuzzy comprehensive evaluation method [D]. Wuhan: Huazhong Agricultural University, 2013.
[12] Wang Luoying. Systems engineering [M]. Beijing: Machinery Industry Press, 2014.
[13] Tian Meiyu, He Wenyu. Credit risk assessment of small and medium sized enterprises based on the model of supply chain finance – the automobile industry as an example [J]. Journal of Industrial Technological & Economics. 2016 (6), 154-160.
[14] Huang Youjun. An analysis of risk of supply chain finance business based on fuzzy comprehensive evaluation method [J]. Securities & Futures of China, 2013 (9).
[15] Ji Wei. The research of risk evaluation of online supply chain finance- steel trade electricity business platform H company as an example based on fuzzy comprehensive evaluation method [J]. Modern Business Trade Industry, 2015 (9), 61-63.
[16] Wang Baosen, Yuan Weijie. Risk assessment of supply chain finance. [J]. Logistics Technology. 2012 (17). 343-346.
[17] Sheng Qiaoling, WU Yantai. Fuzzy comprehensive evaluation of supply chain inventory pledge financing risk based on AHP [J]. Science and Technology Management Research. 2012 (11), 52-57.
[18] Bai Shaobu. A fuzzy comprehensive the of the credit level of enterprises with supply chain financing [J]. Economic Survey. 2011 (5), 108-112.
Author Information
  • Logistics Institute, Beijing Wuzi University, Beijing, China

  • Logistics Institute, Beijing Wuzi University, Beijing, China

  • Department of Graduate, Beijing Wuzi University, Beijing, China

  • Department of Graduate, Beijing Wuzi University, Beijing, China

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  • APA Style

    Xingang Weng, Xiaohua Lv, Yujiao Wu, Xiaorong Li. (2016). Research on the Credit Risk Management of Small and Medium-Sized Enterprises Based on Supply Chain Finance. Journal of Finance and Accounting, 4(5), 245-253. https://doi.org/10.11648/j.jfa.20160405.11

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    ACS Style

    Xingang Weng; Xiaohua Lv; Yujiao Wu; Xiaorong Li. Research on the Credit Risk Management of Small and Medium-Sized Enterprises Based on Supply Chain Finance. J. Finance Account. 2016, 4(5), 245-253. doi: 10.11648/j.jfa.20160405.11

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    AMA Style

    Xingang Weng, Xiaohua Lv, Yujiao Wu, Xiaorong Li. Research on the Credit Risk Management of Small and Medium-Sized Enterprises Based on Supply Chain Finance. J Finance Account. 2016;4(5):245-253. doi: 10.11648/j.jfa.20160405.11

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  • @article{10.11648/j.jfa.20160405.11,
      author = {Xingang Weng and Xiaohua Lv and Yujiao Wu and Xiaorong Li},
      title = {Research on the Credit Risk Management of Small and Medium-Sized Enterprises Based on Supply Chain Finance},
      journal = {Journal of Finance and Accounting},
      volume = {4},
      number = {5},
      pages = {245-253},
      doi = {10.11648/j.jfa.20160405.11},
      url = {https://doi.org/10.11648/j.jfa.20160405.11},
      eprint = {https://download.sciencepg.com/pdf/10.11648.j.jfa.20160405.11},
      abstract = {Small and medium-sized enterprises have made great contribution to the prosperity of market economy and the stability of social order in China, but they often suffer from the financing difficulties. Supply chain finance model is a new angle of view to solve the financing difficulties of small and medium-sized enterprises. Firstly, this paper defines the related theory of supply chain finance. Secondly, it analyzes the three main financing models of supply chain finance: the financing model of prepayment, the financing model of inventory pledge and the accounts receivable financing model. Thirdly, it combines the expert evaluation method and the fuzzy comprehensive evaluation method to establish the comprehensive evaluation model of financing credit risk of small and medium-sized enterprise. Finally, it provides some suggestions in the financial institutions aspect to prompt the financing development of small and medium-sized enterprises. The contents of this study have certain innovative and practical significance, it may benefit to solve the financing problems of small and medium-sized enterprises in China.},
     year = {2016}
    }
    

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    T1  - Research on the Credit Risk Management of Small and Medium-Sized Enterprises Based on Supply Chain Finance
    AU  - Xingang Weng
    AU  - Xiaohua Lv
    AU  - Yujiao Wu
    AU  - Xiaorong Li
    Y1  - 2016/08/15
    PY  - 2016
    N1  - https://doi.org/10.11648/j.jfa.20160405.11
    DO  - 10.11648/j.jfa.20160405.11
    T2  - Journal of Finance and Accounting
    JF  - Journal of Finance and Accounting
    JO  - Journal of Finance and Accounting
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    EP  - 253
    PB  - Science Publishing Group
    SN  - 2330-7323
    UR  - https://doi.org/10.11648/j.jfa.20160405.11
    AB  - Small and medium-sized enterprises have made great contribution to the prosperity of market economy and the stability of social order in China, but they often suffer from the financing difficulties. Supply chain finance model is a new angle of view to solve the financing difficulties of small and medium-sized enterprises. Firstly, this paper defines the related theory of supply chain finance. Secondly, it analyzes the three main financing models of supply chain finance: the financing model of prepayment, the financing model of inventory pledge and the accounts receivable financing model. Thirdly, it combines the expert evaluation method and the fuzzy comprehensive evaluation method to establish the comprehensive evaluation model of financing credit risk of small and medium-sized enterprise. Finally, it provides some suggestions in the financial institutions aspect to prompt the financing development of small and medium-sized enterprises. The contents of this study have certain innovative and practical significance, it may benefit to solve the financing problems of small and medium-sized enterprises in China.
    VL  - 4
    IS  - 5
    ER  - 

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