| Nowadays,the development of supply chain finance is changing with each passing day.Supply chain finance comprehensively considers the trade situation of the whole supply chain,and provides new ideas for the financing of small and medium-sized enterprises.The financing difficulties faced by small and medium-sized enterprises are also solved by supply chain finance.With the popularity of the Internet,the inefficiency of traditional supply chain finance has changed.A new mode of supply chain finance has emerged.Commercial banks no longer dominate the whole supply chain finance business,but some e-commerce companies and logistics companies.The powerful function of the Internet can quickly locate the financing needs of small and medium-sized enterprises,as well as the transaction conditions and risks in the supply chain,which greatly improves the overall financing efficiency of the supply chain and promotes the development of supply chain finance.However,there are few researches on Internet supply chain finance in China,so the case analysis of Internet supply chain finance has certain significance.From a new Internet perspective,this paper takes Y company as the research object,Y company as the leading enterprise of supply chain finance,which has certain reference significance for its analysis.Firstly,the introduction introduces the research significance and background of this paper,and then introduces the basic definition of supply chain finance and Internet supply chain finance,the characteristics of Internet supply chain finance,and the related theories of credit risk.This is the theoretical research on Supply Chain Finance and credit risk.Through the theoretical research,the research framework is built to pave the way for the later case analysis.Then,the case analysis part describes the basic situation of Y company,introduces the operation mode of supply chain finance of Y company under the background of Internet,and analyzes the current situation of credit risk.After that,the credit risk of Y under this mode is analyzed in detail.Through KMV model,the qualitative analysis is further done to quantify credit risk.The credit risk of Internet plus is reduced.The relevant suggestions on the development of Y’s Internet supply chain finance are put forward from four aspects based on the above study.Finally,the paper concludes that Y company’s supply chain finance under the background of Internet has a good development prospect,which can promote the development of Internet supply chain finance;Its credit risk is lower than before,and the new mode is conducive to the control of credit risk.Y company should continue to explore its own operation mode to better serve small and medium-sized enterprises.The main innovations of this paper are as follows: firstly,from the perspective of Internet,this paper chooses the perspective of Internet.Previously,many scholars have done a lot of research on supply chain finance,but from the perspective of Internet,many scholars have studied from the mode of supply chain finance,and the research on credit risk of supply chain finance from the perspective of Internet is less,Therefore,based on the simple analysis of the operation mode of Y company,this paper focuses on the analysis of the credit risk of Internet supply chain finance.Secondly,this paper makes a quantitative analysis of Internet supply chain financial credit risk through KMV model,and draws relevant conclusions.Finally,this paper is a case study of Internet supply chain finance.Y company is chosen to analyze the credit risk of its supply chain from the perspective of Internet.Through the case study,the Internet supply chain finance is not only stay in the theoretical level,but also pay more attention to the specific case itself,making the article more valuable. |
