摘要
发展供应链金融对于解决小微企业融资难问题有十分重要的意义。当前供应链金融正在被市场前所未有地重视并选择,特别是一种基于核心企业信用拆分、穿透的供应链金融制度的普遍实践,给相关理论和政策研究提出了新的任务。从供应链金融演进看,其发展始终围绕企业融资,并不断实现融资优化。在新的供应链金融实践中,核心企业的信用被拆分并穿透至供应链远端,使处于信贷长尾市场的小微企业也能以核心企业信用获得低成本银行信贷资源,本文的实证研究也证明了这种效应的显著性,培育和发展这种供应链金融对促进小微企业融资具有积极作用。对此,本文建议在防范风险的基础上,系统培育和优化全新的供应链金融生态,积极解决链上小微企业融资问题。
The development of supply chain finance is very important for solving the financing problem of small and micro enterprises(SMEs).At present,supply chain finance is being valued and selected by the market unprece⁃dentedly,especially a universal practice of a supply chain financial system based on the credit splitting and penetra⁃tion of core enterprises,which has put forward new tasks for relevant theoretical and policy research.From the per⁃spective of the evolution of supply chain finance,its development has always revolved around corporate financing and has continuously realized financing optimization.In the new supply chain finance practice,the credit of the core enterprise is split and penetrated to the far end of the supply chain,so that SMEs in the long-tail credit market can also obtain low-cost bank credit resources with the core enterprise credit.Empirical research has also proved the sig⁃nificance of this effect.Cultivating and developing such supply chain finance has a positive effect on promoting fi⁃nancing for SMEs.In this regard,on the basis of preventing risks,this article proposes to systematically cultivate and optimize a new supply chain financial ecology,and actively solve the financing problem of SMEs on the chain.
出处
《西南金融》
北大核心
2020年第7期65-75,共11页
Southwest Finance
关键词
供应链金融
商业信用
区块链
小微企业融资
融资约束
信息不对称
应收账款融资
产业链
supply chain finance
business credit
blockchain
SMEs'financing
financing constraints
informa⁃tion asymmetry
account receivable financing
industry chain
