基于贸易信贷和股权投资组合策略的低碳供应链融资决策  

Low-carbon Supply Chain Financing Decisions Based on Trade Credit and Equity Portfolio Strategies

作　　者：张晓莉 殷志玮 王金龙 ZHANG Xiaoli;YIN Zhiwei;WANG Jinlong

机构地区：[1]哈尔滨金融学院会计学院,黑龙江哈尔滨150030

出　　处：《商业经济》2024年第6期165-169,共5页Business & Economy

基　　金：2022年度黑龙江省哲学社会科学研究规划项目:数字供应链金融助力龙江制造业碳减排决策及协调机制研究(22GLC277)。

摘　　要：研究贸易信贷和股权投资组合策略对低碳供应链融资最优决策的影响。在3种不同融资模式下,探讨消费者低碳偏好对低碳供应链成员企业决策变量及利润的影响,并进行最优融资模式的决策。研究表明,无论在何种融资模式下,决策变量及均衡结果与消费者低碳偏好呈正相关。制造商更偏好股权投资或贸易信贷与股权投资组合的策略;而零售商的选择取决于投资报酬率,当投资报酬率小于一定阈值时,资金约束零售商更偏好股权投资或贸易信贷与股权投资组合的策略,否则选择贸易信贷融资模式。The influence of trade credit and equity portfolio strategy on the optimal decision-making of low-carbon supply chain financing is studied.Under three different financing modes,the influence of consumer low-carbon preference on decision variables and profits of member enterprises of low-carbon supply chain is discussed,and the optimal financing mode is decided.The research shows that under any financing mode,the decision variables and the equilibrium results are positively correlated with consumers'low-carbon preference.Manufacturers prefer the strategies of equity investment or trade credit and equity portfolio,while the retailer's choice depends on the rate of return on investment.When the return on investment is less than a certain threshold,financial constraints make retailers prefer equity investment or trade credit and equity portfolio,otherwise they choose trade credit financing mode.

关 键 词：贸易信贷 股权投资组合 低碳供应链融资 影响 

分 类 号：F470[经济管理—产业经济]