资金约束下绿色供应链信贷模式选择研究  

Study on choice of green supply chain credit model under financial constraints

作　　者：岳慧玲 杨冉 YUE Huiling;YANG Ran(School of Economics and Management,Anhui Jianzhu University,Hefei 230022,China;School of Business,Suzhou Institute of Technology,Jiangsu University of Science and Technology,Zhangjiagang 215600,China)

机构地区：[1]安徽建筑大学经济与管理学院,合肥230022 [2]江苏科技大学苏州理工学院商学院,江苏张家港215600

出　　处：《哈尔滨商业大学学报(自然科学版)》2025年第2期233-241,共9页Journal of Harbin University of Commerce:Natural Sciences Edition

基　　金：国家自然科学基金资助项目(72271004)。

摘　　要：制造业作为国家经济的重要组成部分,越来越多的制造商开始响应国家政策选择转型生产绿色产品,促进环境的可持续发展.针对制造商转型过程中存在资金约束的现实背景,构建了绿色制造商信用策略选择模型,提出了银行信贷策略、零售商直接融资策略和基于数字债权凭证的供应链金融平台策略来缓解制造商财务困境.通过求解不同信用策略下的Stackelberg博弈模型,得到了对应产品的最优绿色水平与供应链定价决策,分析了数字债权凭证平台交易成本和零售商资金成本对最优决策及供应链利润的影响,通过数值分析验证了结论的有效性.结果表明,绿色制造商存在资金约束时会选择降低产品的绿色水平,而在数字债权凭证平台模式下,存在资金约束的制造商可能提高产品绿色水平;数字债权凭证平台模式、银行信贷模式和零售商直接融资模式都有可能成为供应链最优信贷选择策略;合理控制数字债权凭证平台的交易成本,绿色供应链可以实现帕累托改进.Manufacturing industry,as an important component of a country′s economy,has witnessed an increasing number of manufacturers responding to national policies by choosing to transform into the production of green products to promote sustainable environmental development.In light of the actual background where manufacturers face financial constraints during the transformation process,a credit strategy selection model for green manufacturers was constructed.Strategies such as bank credit,direct financing by retailers,and a supply chain financial platform based on digital debt certificates were proposed to alleviate the financial difficulties of manufacturers.By solving the Stackelberg game models under different credit strategies,the optimal green level of products and supply chain pricing decisions were obtained.The influence of transaction costs of the digital debt certificate platform,and retailer′s capital costs on the optimal decisions and supply chain profits was analyzed.Finally,numerical analysis verified the validity of the conclusions.The results showed that when green manufacturers face financial constraints,they will choose to reduce the green level of their products.In the digital debt certificate platform model,manufacturers facing financial constraints may increase the green level of their products.The digital debt certificate platform model,bank credit model,and direct financing model by retailers may all be the optimal credit selection strategies for the supply chain.Reasonable control of the transaction costs of the digital debt certificate platform can lead to a Pareto improvement in the green supply chain.

关 键 词：绿色转型 资金约束 供应链融资 数字债权凭证 流转 博弈模型 

分 类 号：F272[经济管理—企业管理]