基于供应链金融的A公司应收账款融资模式研究

发布时间：2018-03-23 08:34

本文选题：中小科技企业　切入点：融资问题　出处：《重庆理工大学》2017年硕士论文　论文类型：学位论文

【摘要】：随着经济的飞速发展,中小型企业作为市场经济中的活跃部分,在创造就业、增加国家税收和提高经济效益方面有着不可忽视的作用,并且呈现上升的发展速度。但是,因为中小企业本身的生产规模较小、财务制度的不健全及内控制制度不够完善等这些内因因素,再加上外部一些经济环境因素,诸如信息不对称与金融体系不健全等,内外部因素是中小企业融资难的重要原因。为了解决中小企业融资难问题,国外首先提出了供应链金融的概念,并逐步将其应用到企业的实践中,在一定程度上缓解了融资问题,应收账款融资模式是新型融资模式中的一种类型,也是在供应链金融大背景下的产物,在国内发展也日益成熟起来。A公司在2004年创建,是一家集研发、设计、制造、销售、安装LED照明产品为一体的民营企业,并且公司也专门提供类似照明工程的设计、施工、安装调试以及能源节约审计等相关专业的服务业务,A公司是我国LED照明业的制造商和供应商之一,也是××市高新技术企业。作为科技型中小企业之一的A公司,有着典型的中小企业瓶颈问题,即融资难的问题。尤其是在处于研发的关键阶段时,这个问题便成为了不容忽视的困扰,由于公司现阶段处于研发新产品、新技术的关键研发阶段,并且也在拓展市场份额,不仅需要大量的资金的投入,与此同时,要投入更多的人力资源与物力保障。经过十几年的发展,A公司处于供应链下游客户大多为政府、事业单位以及大型国企与上市公司,信誉良好,实力雄厚,A公司在经营战略上采用了宽松的信用政策,直接导致了公司因回款时间长而不得不面临资金链脆弱的经营风险。正由于公司的这一状况,如何利用应收账款进行融资成为了需要迫切解决的问题,同时利用强大的客户群和大量的应收账款也是缓解融资难题的重要措施。本文的主要目的是通过分析A公司的融资现状和融资困境,利用应收账款和强大的客户群为A公司设计一个具体的应收账款融资方案,目的就是为了优化A公司应收账款管理与填补现阶段A公司融资缺口。本文针对于A公司的融资方案的设计,在一定程度上为相类似的企业解决融资难问题提供了借鉴意义。
[Abstract]:With the rapid development of economy, small and medium-sized enterprises, as an active part of market economy, play an important role in creating employment, increasing national tax revenue and increasing economic benefit. This is because the production scale of SMEs themselves is relatively small, the financial system is not perfect and the internal control system is not perfect enough, together with some external economic environmental factors, such as information asymmetry and financial system imperfections, etc. In order to solve the problem of financing difficulties of SMEs, the concept of supply chain finance is first put forward in foreign countries, and it is gradually applied to the practice of enterprises. To a certain extent, the financing problem has been alleviated. The accounts receivable financing model is a kind of new financing mode, which is also the product of the supply chain finance background. The development in China has also matured day by day. A Company was founded in 2004. Is a research and development, design, manufacture, sales, installation of LED lighting products as one of the private enterprises, and the company also provides similar lighting engineering design, construction, Company A is one of the manufacturers and suppliers of LED lighting industry in China, and is also a high-tech enterprise in 脳 city. As one of the small and medium-sized technological enterprises, company A is one of the small and medium-sized enterprises of science and technology. There is a typical bottleneck problem in small and medium-sized enterprises, that is, the problem of difficult financing. Especially in the critical stage of research and development, this problem has become a problem that can not be ignored, because the company is developing new products at the present stage. The key phase of research and development of new technologies, and also expanding market share, not only need a lot of capital investment, at the same time, After more than ten years of development, the company is located in the downstream of the supply chain, most of its customers are the government, institutions, large state-owned enterprises and listed companies, with good reputation. Company A has adopted a loose credit policy in its business strategy, which has directly resulted in the company having to face the operating risk of weak capital chain due to the long payback period. It is precisely because of this situation of the company, How to use accounts receivable for financing has become an urgent problem to be solved. At the same time, the use of a strong customer base and a large number of accounts receivable is also an important measure to alleviate the financing problems. The main purpose of this paper is to analyze the financing situation and financing difficulties of Company A. Using accounts receivable and a strong customer base to design a specific account receivable financing scheme for company A, The purpose of this paper is to optimize the management of accounts receivable of Company A and to fill the financing gap of Company A. this paper aims at the design of financing scheme of Company A. to some extent, this paper provides a reference for similar enterprises to solve the financing problems.
【学位授予单位】：重庆理工大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F426.6;F406.7

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