供应链金融平台的信用创造机制及其微观效应研究

Through the supply chain finance model innovation, revealing credit creation mechanism of supply chain finance platform and its impact on monetary policy, combined traditional commercial bank credit creation, exploration in the Internet banking environment, create generalized social credit mechanism, the interaction of the various credit mechanism and joint impact on the macro-monetary policy. On this basis, through microscopic supply chain value creation, income distribution contract to explore the optimal design of supply chain finance platform based build symbiotic symbiotic organizational models and behavior patterns of each stakeholder supply chain, promoting the core enterprise business model severely assets to light paradigm shift in asset management, asset allocation effectively improve efficiency and reduce financing costs. At the same time through the supply chain finance platform to establish superiority enterprise market selection mechanism, in order to achieve efficient allocation of social capital, improve capital efficiency. In this study, theoretically enhance the current level of Internet financial theory, and in practice, and provide technical support for innovative models online supply chain finance, is of great theoretical and practical significance.

通过供应链金融模式创新，揭示供应链金融平台的信用创造机制及其对货币政策的影响，联合传统的商业银行信用创造，探索互联网金融环境下，广义社会信用的创造机理、各种信用相互作用机制及对宏观货币政策的联合影响。在此基础上，通过微观供应链价值创造，探索基于供应链金融平台的最优收益分配契约设计，构建供应链各利益主体的共生组织模式和共生行为模式，推动核心企业从重资产经营模式向轻资产经营模式转变，有效提升资产配置效率，降低中小企业融资成本。同时通过供应链金融平台，建立优势企业的市场选择机制，从而实现社会资本的有效配置，提升资金效率。本研究在理论上提升当前互联网金融的理论研究水平，在实践上为线上供应链金融提供技术和创新模式支持，具有重大的理论和现实意义。

通过供应链金融模式创新，揭示供应链金融平台的信用创造机制及其对货币政策的影响。探索基于供应链金融平台的最优收益分配契约设计及其利益协调机制。构建供应链各主体企业的产业整合模式，推动核心企业从重资产经营模式向轻资产经营模式转变，有效提升资产配置效率，降低中小企业融资成本。探索商业信用作为一种非正式金融渠道在中国经济中的作用，考察企业财务状况与银行信用及商业信用融资间的相互关系。分析网络效应对供应链金融的影响路径。研究得到如下主要结论：首先，供应链金融平台双边定价是协调各主体利益分配的关键问题，平台的单边定价只能得出最优理论报价，而不能确定具体报价值，需要将单边最优理论报价进行同步决策才能确定双边最优定价的具体值。其次，商业信用与银行信用正相关，供应链融资是有财务困难企业用来补充银行信用的有效途径。