Research on the Credit Risk Management of Small and Medium-Sized Enterprises Based on Supply Chain Finance
Journal of Finance and Accounting
Volume 4, Issue 5, September 2016, Pages: 245-253
Received: Jul. 20, 2016; Accepted: Jul. 29, 2016; Published: Aug. 15, 2016
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Authors
Xingang Weng, Logistics Institute, Beijing Wuzi University, Beijing, China
Xiaohua Lv, Logistics Institute, Beijing Wuzi University, Beijing, China
Yujiao Wu, Department of Graduate, Beijing Wuzi University, Beijing, China
Xiaorong Li, Department of Graduate, Beijing Wuzi University, Beijing, China
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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.
Keywords
Supply Chain Finance, Small and Medium-sized Enterprises, Credit Risk Management, Risk Rating, Fuzzy Comprehensive Evaluation Method
To cite this article
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, Journal of Finance and Accounting. Vol. 4, No. 5, 2016, pp. 245-253. doi: 10.11648/j.jfa.20160405.11
Copyright
Copyright © 2016 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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