摘要
近年来,第三方物流从最初仅提供物流服务的"传统角色",过渡到既提供物流服务又提供金融服务的"代理角色"和"控制角色"。代理角色和控制角色的出现推动了人们对外部与内部两种融资方式的认知。本文在国内外相关领域的研究基础上,通过介绍第三方物流在供应链企业融资中扮演的角色和供应链融资风险等理论,从融资企业的收益和最优订货量的角度,运用无风险和存在风险的资金约束报童模型分析供应链企业的内外部融资。本文的研究结论对于那些资本规模小、偿债能力差、信用评级低的供应链内中小型企业有着一定的借鉴和参考价值。
In recent years,the third party logistics changes from ＂convention role＂ which only provides logistics services,to＂delegation role＂and＂control role＂which provide both logistics services and financial services.The appearance of ＂delegation role＂and＂control role＂promote the awareness of the cognition of two different financing modes-external financing and internal financing.Based on the domestic and overseas research,the article introduces some theory,including the role of the third-party logistics in the process of supply chain financing and the financing risk of supply chain enterprise,and from the perspective of income and the optimum order quantity of financing enterprises,the thesis uses the capital constraint newsvendor model to analyze the internal and external financing methods.The above conclusions can be good references to those small and medium enterprises which have capital constraints,poor solvency and low credit rating problems in supply chain.
出处
《金融发展研究》
2011年第2期17-22,共6页
Journal Of Financial Development Research
关键词
供应链企业
内外部融资
融资风险
报童模型
supply chain enterprise
external and internal financing
financing risk
Newsvendor Model
