制造商融资决策:银行、商业信用或区块链供应链金融

doi:10.12068/j.issn.1005-3026.2021.08.020

东北大学学报（自然科学版） ›› 2021, Vol. 42 ›› Issue (8): 1202-1209.DOI: 10.12068/j.issn.1005-3026.2021.08.020

制造商融资决策:银行、商业信用或区块链供应链金融

唐丹，庄新田

(东北大学工商管理学院，辽宁沈阳110169)

修回日期:2020-08-31 接受日期:2020-08-31 发布日期:2021-09-02
通讯作者: 唐丹
作者简介:唐丹(1989-)，女，重庆沙坪坝人，东北大学博士研究生；庄新田 (1956-)，男，吉林四平人，东北大学教授，博士生导师.
基金资助:
国家自然科学基金资助项目(71671030，71571038).

Manufacturers’ Financing Strategy: Bank Credit， Retailer Credit or Blockchain-Driven SCF

TANG Dan， ZHUANG Xin-tian

School of Business Administration， Northeastern University， Shenyang 110169， China.

Revised:2020-08-31 Accepted:2020-08-31 Published:2021-09-02
Contact: TANG Dan
About author:-
Supported by:
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摘要/Abstract

摘要： 基于收益共享契约构建银行信用融资、商业信用融资和区块链供应链金融的对比模型，探讨各模式下供应链的最优决策方案，定量分析各融资模式下供应链绩效随不同参数的变化情况.研究表明，当零售商资金成本低于制造商资金成本时，商业信用融资一定优于银行信用融资;存在两个区块链供应链金融平台费率的阈值，只有当平台费率低于低阈值点时，区块链供应链金融才是同时利于制造商和零售商的最优模式.此外，收益共享比率越高，制造商收益越高，则零售商收益越低.

关键词: 区块链供应链金融;银行信用;商业信用;收益共享契约;供应链决策

Abstract: Under the revenue-sharing contract， bank credit financing， retailer credit financing and blockchain-driven SCF (supply chain finance) are compared， the optimal strategies of supply chain actors are analyzed under different financing models， and the supply chain performances are studied as parameters vary. Research shows that if the capital cost of retailers is less than that of manufacturers， retailer credit financing is a better financing strategy; there are two threshold points of platform usage fee， and when the platform usage fee is lower than that of the low threshold point， blockchain-driven SCF is superior to the other two financing strategies. Moreover， as the revenue sharing rate and the profits of manufacturers increase， the profits of retailers decrease.

Key words: blockchain-driven SCF; bank credit; retailer credit; revenue-sharing contract; supply chain decision

中图分类号:

F274
F832

唐丹，庄新田. 制造商融资决策:银行、商业信用或区块链供应链金融[J]. 东北大学学报（自然科学版）, 2021, 42(8): 1202-1209.

TANG Dan， ZHUANG Xin-tian. Manufacturers’ Financing Strategy: Bank Credit， Retailer Credit or Blockchain-Driven SCF[J]. Journal of Northeastern University(Natural Science), 2021, 42(8): 1202-1209.

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制造商融资决策:银行、商业信用或区块链供应链金融

Manufacturers’ Financing Strategy: Bank Credit， Retailer Credit or Blockchain-Driven SCF

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