金融供应链:弱势信贷的内生性突破与群决策生态绩效——基于群态融资模式下的信用回流与动态价值评价  

Financial Supply Chain: Endogenous Breakthrough in Weak Credit Market and the Ecology Performance of Group Decision——Based on Credit Backflow and Dynamic Value Assessment Under Group Finance

作　　者：肖奎喜[1] 徐世长[1] 

机构地区：[1]广东外语外贸大学国际经贸学院,广东广州510006

出　　处：《财经论丛》2010年第5期46-53,共8页Collected Essays on Finance and Economics

基　　金：国家社会科学基金资助项目(10BJL026);广东外语外贸大学"211"工程第三期重点项目(200906);广东省哲学社会科学"十一五"规划课题(07GE08)

摘　　要：金融供应链融资模式作为一种新型的金融制度安排,基于信用回流与价值跟踪的新视角,体现出其对缓解中小企业融资瓶颈的内生优势与强大功能;本文通过扩展传统Shapley数值建模理论的基本假定,研究了金融供应链群态融资模式的产出绩效和风险结构,论证了合作主体收益分配的改进路径;并定义了行业特征的产出离差和金融供应链系统的稳定系数,分别计量经济个体与组合生产的系统性风险;通过引入动态价值评估模式,论证了金融供应链在我国弱势信贷市场实践中具有重要的理论研究意义和潜在的经济价值。The financing model of financial supply chain, as a new kind financial system arrangement, is based on the new perspective of credit backflow and value tracking, presents an endogenous advantage and a powerful function with regard to relieve medium-enterprises financing difficulties. The paper studies the output performance and risk structure of the financial supply chain of financing model by extending the basic assumption in the traditional theory of Shapley numerical model, and demonstrates improving path of profits distribution among collaborative agents and studies the environment and conditions that are necessary for small and medium enterprises. Based on the risk structure decomposition of supply chain, the paper defines the output deviation of industry characteristic and stationary coefficient of financial supply chain, respectively measures the systematic risk in economic individual and combined production, etc.

关 键 词：金融供应链 群态融资 信用回流 群决策生态绩效 

分 类 号：F830.5[经济管理—金融学]