财经论丛
財經論叢
재경론총
Collected Essays On Finance and Economics
2010年
5期
46~53
,共null页
金融供应链 群态融资 信用回流 群决策生态绩效
金融供應鏈 群態融資 信用迴流 群決策生態績效
금융공응련 군태융자 신용회류 군결책생태적효
financial supply chain; group finance; credit backtlow; group decision ecology performance
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。
金融供應鏈融資模式作為一種新型的金融製度安排,基于信用迴流與價值跟蹤的新視角,體現齣其對緩解中小企業融資瓶頸的內生優勢與彊大功能;本文通過擴展傳統Shapley數值建模理論的基本假定,研究瞭金融供應鏈群態融資模式的產齣績效和風險結構,論證瞭閤作主體收益分配的改進路徑;併定義瞭行業特徵的產齣離差和金融供應鏈繫統的穩定繫數,分彆計量經濟箇體與組閤生產的繫統性風險;通過引入動態價值評估模式,論證瞭金融供應鏈在我國弱勢信貸市場實踐中具有重要的理論研究意義和潛在的經濟價值。
금융공응련융자모식작위일충신형적금융제도안배,기우신용회류여개치근종적신시각,체현출기대완해중소기업융자병경적내생우세여강대공능;본문통과확전전통Shapley수치건모이론적기본가정,연구료금융공응련군태융자모식적산출적효화풍험결구,론증료합작주체수익분배적개진로경;병정의료행업특정적산출리차화금융공응련계통적은정계수,분별계량경제개체여조합생산적계통성풍험;통과인입동태개치평고모식,론증료금융공응련재아국약세신대시장실천중구유중요적이론연구의의화잠재적경제개치。
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.