Dissertation > Economic > Economic planning and management > Enterprise economy > Corporate Financial Management

Study on the Risk of SME’s Finance by the Pledge of Accounts Receivable Based on the Supply Chain Finance

Author DuJinZuo
Tutor WangXiuPing
School Jiangsu University of Science and Technology
Course Accounting
Keywords Small-and-medium-sized Enterprises Supply Chain Finance Finance by thepledge of Accounts Receivable Credit Risk
CLC F275
Type Master's thesis
Year 2013
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The small-and-medium-sized enterprises’ finance by the pledge of accounts receivablebased on the supply chain finance is the financial service which includes the risk controlvariable such as the core enterprises and capital. It pays more attention to the steadiness ofthe cooperation between the SMEs and the core enterprises, the true business background ofthe accounts receivable and the credit and size of the core enterprises as well. This financialservice is greatly significant because of less information asymmetry. However, thecommercial banks didn’t go well with it because of the wrong risk evaluation, which owesto the meanings of the supply chain finance. In such circumstances, the commercial bankstend to overestimate of the risk.First of all, the paper has made a brief introduction of the basic theories about supplychain finance and the working models. According to the current situation confronted withthe banks, the paper also analyzed the main problems in the process of running this financialservice. Secondly, this paper has made a qualitative analysis about the law risk andoperating risk when conducting the mall-and-medium-sized enterprises’ finance by thepledge of accounts receivable based on the supply chain finance, also a quantitative analysisabout the credit risk with the Fuzzy Comprehensive Evaluation, which helped to acquire thecredit-risk evaluation system based on the supply chain finance theory. This system is moresuitable to the SMEs’ accounts receivable pledge finance, which includes in the evaluationof the core enterprises. What’s more, the paper has also verified the effectiveness of theevaluation system by making the comparison between the current credit risk system and thatof this paper. In the end, this paper proposed the corresponding measures on how to preventthe various risk in the conducting process of this financial service. Finally the paper hasgiven an specific case to further explain how to use the credit risk evaluation system of themall-and-medium-sized enterprises’ finance by the pledge of accounts receivable based onthe supply chain finance.

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