物流金融模式下仓单质押融资风险模型研究  

Research on Risk Model of Warehouse Receipt Hypothecation Financing Based on Logistics Finance

作　　者：陈智 王莹 CHEN Zhi;WANG Ying(Department of Management Engineering,The Open University of Guangdong,Guangzhou 510091,China)

机构地区：[1]广东开放大学管理工程系,广东广州510091

出　　处：《物流工程与管理》2019年第2期24-27,共4页Logistics Engineering and Management

基　　金：广东省普通高校创新人才类项目(社科类青年项目)<云仓模式下的物流金融创新研究>(2016WQNCX224);(2016WQNCX221);广东开放大学校内课题<基于仓单质押方式的VaR多尺度估值模型研究>(1529);<基于Z-Score模型的物流金融违约风险研究>1609

摘　　要：质押融资是中小企业扩大生产的重要手段。银行的质押融资业务对质押物的选择更偏好不动产,对动产质押往往持谨慎态度。究其原因主要是动产质押的风险具有因素复杂,随机波动,不易监控等特点。文中基于物流金融创新,分析了在物流企业监控下动产质押决策及风险模型,通过对质押量与质押率的控制,将借款企业与银行的风险控制在可承受的范围内。文中的研究拓展了传统物流企业业务范围,增强行业竞争力,并进一步推广物流金融的发展。Pledge financing is an important means for small and medium-sized enterprises to expand production.The reason why pledge financing business of bank is partial to choose estate over chattel is chattel pledge risk is complicated,randomly fluctuating and hard to monitor.This paper analyses chattel pledge decision and risk model under the monitoring of logistics enterprise based on financial innovation,keeps the risk of borrowing enterprise and bank within tolerable limits by controlling pledge amount and pledged ratio.The research in this paper expands traditional logistics enterprise business range,strengthen their industry competition and further promotes the development of logistics finance.

关 键 词：仓单质押 物流金融 风险价值 

分 类 号：F250[经济管理—国民经济]