CAJ | 학술논문

供应链金融应收账款融资业务有效解决了中小企业融资难的困境、扩大了银行的融资服务范围。但近年来频发的虚假融资、恶意骗贷和故意赖账等现象给银行造成了巨大的风险,降低了银行开展供应链金融的服务质量和效率。本文从应收账款融资业务的信用风险规避出发,构建了“银行-企业”两方博弈模型,重点研究了银行对融资业务开展的检查率和惩戒设置问题,并以钢贸企业应收账款融资业务为背景进行了相关参数的数值模拟,分析发现：银行采取10%~20%的检查率、辅以1倍贷款利率的惩罚,能够有效降低虚假的应收账款融资现象。建议监管部门应制定具有足够警示性的失信惩戒机制,并要求金融机构在操作实践中严格执行,同时联合构建信息共享平台。
공응련금융응수장관융자업무유효해결료중소기업융자난적곤경、확대료은행적융자복무범위。단근년래빈발적허가융자、악의편대화고의뢰장등현상급은행조성료거대적풍험,강저료은행개전공응련금융적복무질량화효솔。본문종응수장관융자업무적신용풍험규피출발,구건료“은행-기업”량방박혁모형,중점연구료은행대융자업무개전적검사솔화징계설치문제,병이강무기업응수장관융자업무위배경진행료상관삼수적수치모의,분석발현：은행채취10%~20%적검사솔、보이1배대관리솔적징벌,능구유효강저허가적응수장관융자현상。건의감관부문응제정구유족구경시성적실신징계궤제,병요구금융궤구재조작실천중엄격집행,동시연합구건신식공향평태。
When developing account receivable business of supply chain finance, banks are often confronted with cheating loan, repudiation and other credit risk, which results in bank losses. In order to avoid credit risk, we establish bank - company game model, and analyze several key factors that affect bank check rate. With numerical simulation, the paper carries out sensitivity analysis of these factors, and explains two important questions： first, how to set a reasonable check rate; second, how to set reasonable punishment. It makes sense for banks to avoid credit risk and gain a good profit in practice.