A domino effect from financial guarantees chain risks of the supply chain
Difficulties in high cost of financing have greatly hindered the sustainable development of Chinese Small and Medium-Size Enterprises (SMEs).Firstly, this paper uses three cases and provides a comparative study on the difference between traditional commercial banks credit and supply chain finance.Secondly, it reveals that the bank provides the supply chain financing services to SMEs not only can generate revenue and reduce the risk and cost of supply chain of enterprises, but also improve the social credit environment to protect the safety of funds flow and effective operation in the supply chain.Eventually, it comes to the conclusion that the financing costs of downstream businesses and large enterprises are lower than the upstream enterprises and SMEs.This service of bank helps SMEs to accelerate cash flow, and supplies a new approach for SMEs.This paper also reveals the possibility of risk transfer from financial guarantees chain of upstream and downstream enterprises in the supply chain.
supply chain finance bank credit financial guarantees chain Small and medium-sized enterprises (SMEs)
Wu Chunmin Li Bin Cheng Wenhong
Business School of Jiaxing University,Jiaxing, P.R.China, 314001
国内会议
杭州
英文
48-52
2014-10-25（万方平台首次上网日期，不代表论文的发表时间）