下面为大家整理一篇优秀的essay代写范文- Industrial chain finance，供大家参考学习，这篇论文讨论了产业链金融理论。产业链金融，就是金融支持产业链的形成和延伸，以核心企业为中心为整条产业链条上的企业提供一切金融服务。产业链金融不仅为核心企业的各种资金需求提供融资，还为核心企业的上下游企业提供融资服务。
For industrial chain finance, there are differences between the international and domestic financial institutions in concept and practice. International financial institutions focus on solving the problems of core enterprises, while domestic financial institutions are numerous upstream and downstream enterprises in the early stage, and core enterprises are only the intermediary means of marketing. At present, the industrial chain finance is only a summary of experience in practice. It has not been defined yet. In order to analyze industry chain finance accurately, relevant definitions need to be determined.
The industrial chain is formed by industrial division of labor. The more detailed the division of labor, the longer the industrial chain will be, the more value-added links will be, and the more technological progress can be extended. The output or by-product of the upstream industry becomes the input of the downstream industry, and the relationship between the output and the input of the industry forms a vertical industrial chain, which is the definition given in this paper. Therefore, the industrial chain is the result of division of labor, technological progress and industrial segmentation.
To form industrial competitiveness, a region should occupy a relatively advantageous position or key node in the industrial chain and extend the industrial chain appropriately within a reasonable range. Mosaic now features a regional comparative advantage, formed by special products pillar industry, pillar industry to the raw materials, to the deep processing and high value-added industries, the formation of organic industrial chain. Attaches great importance to the formation and extension of industrial chain, the key of the key nodes, on the development of the industrial chain development play a key role in the industrial chain, and the upstream and downstream of industrial chain control and influential link, or industrial value-added ability strong, wide appreciation will link. To develop the industrial chain, we must first focus on the formation and expansion of the industrial chain, and also pay attention to the development of key nodes.
Therefore, the industrial chain is a kind of chain correlation form objectively formed by industrial departments according to specific logic and space-time layout, which is used to analyze the macro trend of industrial development. Value chain is the process of breaking down the enterprise's production and value creation into value-added activities that are different from each other and connected with each other. It is a method and tool to analyze the industrial chain. Supply chain refers to the connection of various business activities before goods are delivered to consumers, focusing on the relationship between upstream and downstream enterprises from the perspective of supply. Therefore, the industrial chain is objective, without the supply relationship there is no supply chain.
Industry chain finance is the formation and extension of financial support industry chain. Finance supports the development of the real economy, first of all, it selects the featured products and pillar industries, second, it supports the formation of a competitive industrial chain, and then it forms a complex industrial cluster. Financial support for the formation and extension of the organic industry chain, and to find out the key support on key node and the industry chain extension of the bottleneck node, support key nodes in backbone enterprises, the backbone enterprise financing guarantee, well-funded its upstream and downstream enterprises, so as to drive the financial services sector and the extension of value chain.
It can be seen from the above that there is a fundamental difference between industry chain finance and supply chain finance. Industrial chain finance is the core enterprise as the center for all of the whole industry chain enterprises with financial services, and financial supply chain centered on financial institutions to look at in the supply chain financing problems. So far, there has been no standardized industrial chain financial concept, this paper argues that the industrial chain finance is the powerful enterprise as the core, using reasonable means of capital operation, the industry chain enterprises to minimize the cost of financing, industry competition ability to maximize capital financing activities for the purpose of enterprise clusters.
Industrial chain finance not only provides financing for various capital needs of core enterprises, but also provides financing services for upstream and downstream enterprises of core enterprises. Industrial chain finance usually has several obvious features: one is the industrial chain financial around the core enterprise to the procurement of raw materials, product production and sales, into an organic whole repeatedly the upstream suppliers, manufacturers and downstream distributors, retailers and final consumers organic together as one piece, for the whole industry chain enterprises to provide financing. Second, it has broken through the traditional financing risk taking mode. This model can effectively disperse the systemic risk by taking risks independently by individual enterprises and optimizing the sharing of risks for the whole industrial chain. Third, promote the common development of the entire industrial chain. The financing of upstream and downstream enterprises through the credit of core enterprises can effectively solve the capital demand problem of industrial chain enterprises, provide production efficiency and promote the common development of the whole industrial chain enterprises.
From the perspective of industrial chain finance, the ultimate goal of industrial chain finance is to achieve the goal of "extending industrial chain, improving value chain and optimizing supply chain" through financial services. At the same time, the industrial chain contains "logistics, capital flow and information flow". The relationship between them can be simply summarized as: logistics flows forward according to the supply relationship. Fund flows are reversed in accordance with supply relations; Information flows in both directions in a supply relationship.
Therefore, in this paper, the meaning of the financial industry chain is summarized as: industrial chain finance refers to financial institutions to provide all the companies on the industry chain is associated with the production, the sale of the arrangement of the package of financial services, the industry chain for each key link, each node enterprise provide financial services, to promote the healthy development of the whole industry chain financing mode.
According to the basic concept, the industrial chain finance generally includes financing objects, participants and leverage, mainly is the fixed assets, working capital financing object, participants is the core enterprise and upstream and downstream enterprises and financial intermediaries, leveraged finance dimension is the size of the financing, financing costs, financing. In industrial chain finance, thanks to the industrial chain of financial internal information, industrial chain of internal investment rate is relatively lower than external investment risk, therefore, the industrial chain finance exists between internal and external information asymmetry, the information cannot convey to the outside or with external communication cost is higher.
Model mainly includes two major participants, industry chain and internal financial markets, financial markets provide core enterprise and upstream and downstream enterprises in the industry of the interest rate is different, because of their different risk profile. In the industrial chain, investing in a project can be either invested by one of two companies or financed through financial markets. Investment must take into account the relevant financing institutions, the availability of financing rates and the availability of information among participants.
Suppose you have A loan company B investment project P, have A good project information, clear the development of projects in the future and return rproject, and assumes that the company B had no money of his own, only completely K or industrial chain inside A financing from outside investors.
There is the risk of moral hazard in the financial industry chain model, because the external investors and the industrial chain is internal information asymmetry phenomenon, the industrial chain internal enterprises with investment of the project information about the project A P of the information in the future. Therefore, A can calculate the probability p of success of the project
The basic model is only a single-phase static financing model, with time from t0 to t1. The project income is determined, and all debts need to be paid off. Also need to study here, in the decision to invest, under what conditions the industrial chain of financial financing, namely won't come to the financial markets when P K B investment projects financing, but to A core enterprise financing. At the same time, it is also necessary to solve under what kind of ROI core enterprise A is willing to finance the industrial chain finance.
The industrial chain of financial figure 1 gives A brief model shows that the P B investment projects, the upstream and downstream enterprises only through to the core enterprise and upstream and downstream industry chain financing enterprise benefit at the same time, B only to the core enterprise of upstream and downstream enterprises financing K rather than through financial markets. In the brief model of industrial chain finance, K in the financial market only provides financing to core enterprises, and then to upstream and downstream enterprises. Core enterprises play a key role. This is different from the modern industrial chain finance, which is a package of related financial services for the upper, middle and lower reaches of the industrial chain. For this reason, this paper expands the brief model of industrial chain finance, as shown in figure 2.
K extension model in figure 2 shows that financial markets by industrial chain financial financing function, will be at the core position in the industry of the enterprise and upstream and downstream enterprises B together as A whole, the core enterprise and upstream and downstream enterprises to credit, to the core enterprise in the industry of credit as A starting point, for each node enterprise production and sales of services, in order to improve the whole industry chain of value creation ability.
From the perspective of models, industry chain finance can partially overcome the information asymmetry and moral risks between financial market and industry chain parties seeking financing. In the financial model, the extension of industry chain upstream and downstream enterprises B directly from the high cost of financing, financial markets and the lack of eligible collateral, exist in the reality of financing difficulties, financing your problems are widespread. In this case, there are two kinds of feasible financing channels can choose: one is the upstream and downstream enterprises to obtain financing from A core enterprise B, relative to financial markets, the core enterprise of industrial chain upstream and downstream enterprise B have more information, reducing the core enterprise A and B, the information asymmetry between the upstream and downstream enterprises, therefore, upstream and downstream enterprises can B at A lower cost to get money from A core enterprise, the financing difficulty is reduced. Second, upstream and downstream enterprise B USES the credit guarantee of core enterprises to obtain financing from financial market K. In these two kinds of financing ways of the industrial chain, the financial market K depend on the core enterprise can reduce the risk of financing industry chain, on the one hand, through the core enterprise can get A B more information industry chain upstream and downstream enterprises, can grasp the development trend of the upstream and downstream enterprises B in time, the use of funds can have very good supervision effect; On the other hand, the credit guarantee of core enterprise A reduces the possibility of financing default and the probability of moral hazard. Three from the perspective of financial intermediation, B relative upstream and downstream enterprises, being able to master the core enterprise A more information, and A qualified limits is more, the core enterprise financing relative industry chain upstream and downstream enterprises B, or guaranteed by the core enterprise, to the upstream and downstream enterprise's financing risk is relatively low. Therefore, from the perspective of the whole industry chain finance, under the current development of the financial market, the industry chain finance can better solve the financing problem of upstream and downstream enterprises.
In a word, the financial financing of the industrial chain is flexible and can meet the financing needs of upstream and downstream enterprises of the industrial chain. Because industry chain finance involves many industries, different industries have different characteristics of capital demand and large capital demand. Therefore, in the industrial chain of financial services, financial institutions should actively innovative financial products, to provide diversified financing services, meet the capital needs of the industrial chain, industrial chain finance theory has also been verified effectively in practice.
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For industrial chain finance, there are differences between the international and domestic financial institutions in concept and practice. International financial institutions focus on solving the problems of core enterprises, while domestic financial institutions are numerous upstream and downstream enterprises in the early stage, and core enterprises are only the intermediary means of marketing. At present, the industrial chain finance is only a summary of experience in practice. It has not been defined yet. In order to analyze industry chain finance accurately, relevant definitions need to be determined.
The industrial chain is formed by industrial division of labor. The more detailed the division of labor, the longer the industrial chain will be, the more value-added links will be, and the more technological progress can be extended. The output or by-product of the upstream industry becomes the input of the downstream industry, and the relationship between the output and the input of the industry forms a vertical industrial chain, which is the definition given in this paper. Therefore, the industrial chain is the result of division of labor, technological progress and industrial segmentation.
To form industrial competitiveness, a region should occupy a relatively advantageous position or key node in the industrial chain and extend the industrial chain appropriately within a reasonable range. Mosaic now features a regional comparative advantage, formed by special products pillar industry, pillar industry to the raw materials, to the deep processing and high value-added industries, the formation of organic industrial chain. Attaches great importance to the formation and extension of industrial chain, the key of the key nodes, on the development of the industrial chain development play a key role in the industrial chain, and the upstream and downstream of industrial chain control and influential link, or industrial value-added ability strong, wide appreciation will link. To develop the industrial chain, we must first focus on the formation and expansion of the industrial chain, and also pay attention to the development of key nodes.
Therefore, the industrial chain is a kind of chain correlation form objectively formed by industrial departments according to specific logic and space-time layout, which is used to analyze the macro trend of industrial development. Value chain is the process of breaking down the enterprise's production and value creation into value-added activities that are different from each other and connected with each other. It is a method and tool to analyze the industrial chain. Supply chain refers to the connection of various business activities before goods are delivered to consumers, focusing on the relationship between upstream and downstream enterprises from the perspective of supply. Therefore, the industrial chain is objective, without the supply relationship there is no supply chain.
Industry chain finance is the formation and extension of financial support industry chain. Finance supports the development of the real economy, first of all, it selects the featured products and pillar industries, second, it supports the formation of a competitive industrial chain, and then it forms a complex industrial cluster. Financial support for the formation and extension of the organic industry chain, and to find out the key support on key node and the industry chain extension of the bottleneck node, support key nodes in backbone enterprises, the backbone enterprise financing guarantee, well-funded its upstream and downstream enterprises, so as to drive the financial services sector and the extension of value chain.
It can be seen from the above that there is a fundamental difference between industry chain finance and supply chain finance. Industrial chain finance is the core enterprise as the center for all of the whole industry chain enterprises with financial services, and financial supply chain centered on financial institutions to look at in the supply chain financing problems. So far, there has been no standardized industrial chain financial concept, this paper argues that the industrial chain finance is the powerful enterprise as the core, using reasonable means of capital operation, the industry chain enterprises to minimize the cost of financing, industry competition ability to maximize capital financing activities for the purpose of enterprise clusters.
Industrial chain finance not only provides financing for various capital needs of core enterprises, but also provides financing services for upstream and downstream enterprises of core enterprises. Industrial chain finance usually has several obvious features: one is the industrial chain financial around the core enterprise to the procurement of raw materials, product production and sales, into an organic whole repeatedly the upstream suppliers, manufacturers and downstream distributors, retailers and final consumers organic together as one piece, for the whole industry chain enterprises to provide financing. Second, it has broken through the traditional financing risk taking mode. This model can effectively disperse the systemic risk by taking risks independently by individual enterprises and optimizing the sharing of risks for the whole industrial chain. Third, promote the common development of the entire industrial chain. The financing of upstream and downstream enterprises through the credit of core enterprises can effectively solve the capital demand problem of industrial chain enterprises, provide production efficiency and promote the common development of the whole industrial chain enterprises.
From the perspective of industrial chain finance, the ultimate goal of industrial chain finance is to achieve the goal of "extending industrial chain, improving value chain and optimizing supply chain" through financial services. At the same time, the industrial chain contains "logistics, capital flow and information flow". The relationship between them can be simply summarized as: logistics flows forward according to the supply relationship. Fund flows are reversed in accordance with supply relations; Information flows in both directions in a supply relationship.
Therefore, in this paper, the meaning of the financial industry chain is summarized as: industrial chain finance refers to financial institutions to provide all the companies on the industry chain is associated with the production, the sale of the arrangement of the package of financial services, the industry chain for each key link, each node enterprise provide financial services, to promote the healthy development of the whole industry chain financing mode.
According to the basic concept, the industrial chain finance generally includes financing objects, participants and leverage, mainly is the fixed assets, working capital financing object, participants is the core enterprise and upstream and downstream enterprises and financial intermediaries, leveraged finance dimension is the size of the financing, financing costs, financing. In industrial chain finance, thanks to the industrial chain of financial internal information, industrial chain of internal investment rate is relatively lower than external investment risk, therefore, the industrial chain finance exists between internal and external information asymmetry, the information cannot convey to the outside or with external communication cost is higher.
Model mainly includes two major participants, industry chain and internal financial markets, financial markets provide core enterprise and upstream and downstream enterprises in the industry of the interest rate is different, because of their different risk profile. In the industrial chain, investing in a project can be either invested by one of two companies or financed through financial markets. Investment must take into account the relevant financing institutions, the availability of financing rates and the availability of information among participants.
Suppose you have A loan company B investment project P, have A good project information, clear the development of projects in the future and return rproject, and assumes that the company B had no money of his own, only completely K or industrial chain inside A financing from outside investors.
There is the risk of moral hazard in the financial industry chain model, because the external investors and the industrial chain is internal information asymmetry phenomenon, the industrial chain internal enterprises with investment of the project information about the project A P of the information in the future. Therefore, A can calculate the probability p of success of the project
The basic model is only a single-phase static financing model, with time from t0 to t1. The project income is determined, and all debts need to be paid off. Also need to study here, in the decision to invest, under what conditions the industrial chain of financial financing, namely won't come to the financial markets when P K B investment projects financing, but to A core enterprise financing. At the same time, it is also necessary to solve under what kind of ROI core enterprise A is willing to finance the industrial chain finance.
The industrial chain of financial figure 1 gives A brief model shows that the P B investment projects, the upstream and downstream enterprises only through to the core enterprise and upstream and downstream industry chain financing enterprise benefit at the same time, B only to the core enterprise of upstream and downstream enterprises financing K rather than through financial markets. In the brief model of industrial chain finance, K in the financial market only provides financing to core enterprises, and then to upstream and downstream enterprises. Core enterprises play a key role. This is different from the modern industrial chain finance, which is a package of related financial services for the upper, middle and lower reaches of the industrial chain. For this reason, this paper expands the brief model of industrial chain finance, as shown in figure 2.
K extension model in figure 2 shows that financial markets by industrial chain financial financing function, will be at the core position in the industry of the enterprise and upstream and downstream enterprises B together as A whole, the core enterprise and upstream and downstream enterprises to credit, to the core enterprise in the industry of credit as A starting point, for each node enterprise production and sales of services, in order to improve the whole industry chain of value creation ability.
From the perspective of models, industry chain finance can partially overcome the information asymmetry and moral risks between financial market and industry chain parties seeking financing. In the financial model, the extension of industry chain upstream and downstream enterprises B directly from the high cost of financing, financial markets and the lack of eligible collateral, exist in the reality of financing difficulties, financing your problems are widespread. In this case, there are two kinds of feasible financing channels can choose: one is the upstream and downstream enterprises to obtain financing from A core enterprise B, relative to financial markets, the core enterprise of industrial chain upstream and downstream enterprise B have more information, reducing the core enterprise A and B, the information asymmetry between the upstream and downstream enterprises, therefore, upstream and downstream enterprises can B at A lower cost to get money from A core enterprise, the financing difficulty is reduced. Second, upstream and downstream enterprise B USES the credit guarantee of core enterprises to obtain financing from financial market K. In these two kinds of financing ways of the industrial chain, the financial market K depend on the core enterprise can reduce the risk of financing industry chain, on the one hand, through the core enterprise can get A B more information industry chain upstream and downstream enterprises, can grasp the development trend of the upstream and downstream enterprises B in time, the use of funds can have very good supervision effect; On the other hand, the credit guarantee of core enterprise A reduces the possibility of financing default and the probability of moral hazard. Three from the perspective of financial intermediation, B relative upstream and downstream enterprises, being able to master the core enterprise A more information, and A qualified limits is more, the core enterprise financing relative industry chain upstream and downstream enterprises B, or guaranteed by the core enterprise, to the upstream and downstream enterprise's financing risk is relatively low. Therefore, from the perspective of the whole industry chain finance, under the current development of the financial market, the industry chain finance can better solve the financing problem of upstream and downstream enterprises.
In a word, the financial financing of the industrial chain is flexible and can meet the financing needs of upstream and downstream enterprises of the industrial chain. Because industry chain finance involves many industries, different industries have different characteristics of capital demand and large capital demand. Therefore, in the industrial chain of financial services, financial institutions should actively innovative financial products, to provide diversified financing services, meet the capital needs of the industrial chain, industrial chain finance theory has also been verified effectively in practice.
想要了解更多英国留学资讯或者需要英国代写，请关注51Due英国论文代写平台，51Due是一家专业的论文代写机构，专业辅导海外留学生的英文论文写作，主要业务有essay代写、paper代写、assignment代写。在这里，51Due致力于为留学生朋友提供高效优质的留学教育辅导服务，为广大留学生提升写作水平，帮助他们达成学业目标。如果您有essay代写需求，可以咨询我们的客服QQ：800020041。
51Due网站原创范文除特殊说明外一切图文著作权归51Due所有；未经51Due官方授权谢绝任何用途转载或刊发于媒体。如发生侵犯著作权现象，51Due保留一切法律追诉权。
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