STUDY ON ACCOUNTS RECEIVABLE PLEDGE UNDER THE SUPPLY CHAIN FINANCE MODE OF SMLEs

Abstract

Affected by internal and external factors such as the business model of small and medium-sized enterprises and the overall downturn in the overall environment, domestic small and medium-sized construction enterprises in China generally face the problem of insufficient funds in their development process. In order to capture more market share, many construction companies have adopted the competitive approach of financing construction, which has led to a sharp increase in the number of accounts receivable and exacerbated the difficulty of business operations, which is not conducive to the healthy and long-term development of enterprises. The emergence of supply chain finance provides a great platform for enterprises in the industrial supply chain to finance. Supply chain finance is divided into three financing models: accounts receivable, prepaid accounts, and inventory. Among them, the accounts receivable financing model is

The most suitable financing model for the rapid development of small and medium-sized construction companies. This article first analyzes the concept of supply chain finance, the current research status at home and abroad, and analyzes the financing models of supply chain finance; Secondly, analyze the traditional financing model of small and medium-sized logistics enterprises and construct a game model to explain the advantages of accounts receivable pledge financing compared to traditional financing models for small and medium-sized logistics enterprises; Once again, to analyze the game relationship between the subjects of accounts receivable pledge financing for small and medium-sized logistics enterprises in the context of supply chain finance, a game model is constructed to analyze the rationality of the model and the process of game equilibrium; Finally, based on the above research and analysis, the existing financing model of M logistics enterprise is introduced, the current situation of accounts receivable management is analyzed, the feasibility of accounts receivable financing is analyzed, and corresponding strategies are proposed for banks and small and medium-sized logistics enterprises to carry out supply chain finance business based on the above analysis.

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