Research On The Risk And Strategies Of Electronic Order Financing In The Internet Supply Chain Finance

Internet supply chain finance is internet services for small and medium-sized enterprises and it possesses the unique advantages of efficient allocation of financial resources,as the system of supply chain finance and the management system of modern logistics connected straightly and networked,each big bank also gradually introduced innovative order financing products,in response to diverse financing needs.However,at present,the mode of order financing still exists differentiation phenomenon,even if the business model has become mature,part of the process is still exist obvious risk vulnerabilities.The scientific and effective identification and control of the risks of electronic order financing,and the exploration of the participation platform on the Internet the impact of internal control in the supply chain financial risk from the theoretical level,have important theoretical and practical significance on risk management of the electronic order financing.Based on the analysis of the demand evolution of electronic order financing model,the basis of the model itself and main body coordination model were analyzed.The three-dimensional risk identification framework of electronic order financing model was built,and the offline and online evolution of risks was analyzed.The lending decisions of the bank were studied,and combining the new features of internet and the peculiar situation of core enterprise,the means of control of risk at the different dimensions were proposed.The main conclusions are as follows: First of all,based on the financial system engineering theory,the "point-line-face" three-dimensional risk identification framework including subject dimension,process dimension,platform dimension was built,and the effective risk identification focuses on order,capital,source in each dimension,and the offline and online evolution of risk of integrated internet supply chain financing system was analyzed.Secondly,under the hypothesis of bank risk neutral and random demand,the decision-making of the commercial Banks participating in of supply chain financing was explicitly pointed out.It points out the risk-free return,market risk threshold delta(or default probability of core corporate)and product salvage value loss have the positive correlation with interest rate of bank loan,also the negative relationship between capital requirements of suppliers and bank lending rate.Finally,according to the results of three-dimensional risk identification,operation outsourcing countermeasures in subject dimension,reputation mechanism countermeasures in process dimension,information collaborative control risk early warning countermeasures in platform dimension are put forward,and the corresponding risk control mechanism for Banks decision-making was proposed.The innovation of this paper:(1)from multiple subjects,multiple process and multi-platform three-dimensional view,based on the idea of financial system engineering,the three dimensional risk identification mechanism of electronic order financing was build.(2)under the hypothesis of bank risk neutral and random demand,considering the possibility of a credit risk of the core enterprise,the overall decision-making of supply chain and lending decisions of a bank based on the default risk of core enterprise were analyzed,and it provides the basis for bank risk control countermeasures of decision-making.