互联网金融对供应链风险及收益的影响研究
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摘要
供应链在解决中小企业融资问题方面作用突出,随着互联网金融的发展,其与供应链的融合在进一步优化企业融资、提高社会经济发展方面意义重大。为了研究互联网金融对供应链风险和收益的影响,本文通过构建基于互联网金融的供应链主要成员的风险评价指标体系,运用风险因子修正的Shapley值法并结合蚂蚁金服的供应链案例,对比分析引入互联网金融前后供应链风险和收益变化情况。结果表明,蚂蚁金服降低了供应链整体的风险,提高了供应链整体的收益。
The supply chain plays a prominent role in solving the financing problems of SMEs. With the development of internet finance,the integration of supply chain with the internet finance is of great significance in further optimizing corporate financing and improving social and economic development. In order to study the impact of internet finance on supply chain risks and benefits,a risk assessment index system for key members of the supply chain based on internet finance is constructed. Basing on the risk evaluation results,this paper uses the Shapley value method modified by risk factors to simulate the distribution of income among supply chain members. And the supply chain case of Ant Financial is used to compare and analyze the changes in supply chain' s risks and returns after the introduction of internet finance. The results show that Ant Financial reduces the overall risk of the supply chain and improves the overall benefit of the supply chain.
The supply chain plays a prominent role in solving the financing problems of SMEs. With the development of internet finance,the integration of supply chain with the internet finance is of great significance in further optimizing corporate financing and improving social and economic development. In order to study the impact of internet finance on supply chain risks and benefits,a risk assessment index system for key members of the supply chain based on internet finance is constructed. Basing on the risk evaluation results,this paper uses the Shapley value method modified by risk factors to simulate the distribution of income among supply chain members. And the supply chain case of Ant Financial is used to compare and analyze the changes in supply chain' s risks and returns after the introduction of internet finance. The results show that Ant Financial reduces the overall risk of the supply chain and improves the overall benefit of the supply chain.
引文
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[2]曹凤岐.互联网金融对传统金融的挑战[J].金融论坛,2015,20(1):3~6,65.
[3]He J,Kang L,Ma Z.Comprehensive Evaluation of Credit Risk of Supply Chain Finance Among SMEs:Based on FCE[J].Applied Mechanics and Materials,2011,(6):668~673.
[4]胡海青,张琅,张道宏.供应链金融视角下的中小企业信用风险评估研究——基于SVM与BP神经网络的比较研究[J].管理评论,2012,24(11):70~80.
[5]魏鹏.中国互联网金融的风险与监管研究[J].金融论坛,2014,19(7):3~9,16.
[6]李克穆.互联网金融的创新与风险[J].管理世界,2016,269(2):1~2.
[7]郭菊娥,史金召,王智鑫.基于第三方B2B平台的线上供应链金融模式演进与风险管理研究[J].商业经济与管理,2014,(1):13~22.
[8]Su Y,Zhong B.The Credit Risk Assessment Model of Internet Supply Chain Finance:Multi-Criteria Decision-Making Model with the Principle of Variable Weight[J].Journal of Computer&Communications,2016,4(16):1~11.
[9]张江雪.我国技术市场发展程度的测度[J].科研管理,2010,31(5):79~86.
[10]程启月.评测指标权重确定的结构熵权法[J].系统工程理论与实践,2010,30(7):1225~1228.
[11]Yi C.Using Modified Shapley Value to Determine Revenue Allocation Within Supply Chain[J].Innovation Management and Industrial Engineering,2009,(1):78~80.
[12]金波,郭巧英,李忠卫.基于Shapley值法的供应链融资收益的供给与分配[J].工业技术经济,2013,32(4):43~48.
[13]Bilbao J,Fernandez J,Jimenez N,et al.The Shapley Value for Bicooperative Games[J].Annals of Operations Research,2008,158(1):99~115.
[14]王秀祥,张建方.中小企业财务结构与债务融资——基于浙江的实证研究[J].管理评论,2012,24(7):99~109.