供应链金融视角下跨境融资租赁的收益分配研究——基于改进的Shapley值分析法
|
摘要
融资租赁现如今在经济现代化的市场中已然成为朝阳行业,很大地带动了我国进出口经济的发展,文章旨在研究融资租赁供应链中参与的所有公司的利益分配问题,促进融资租赁更快发展。文中通过层次分析法计算融资租赁相关影响因素如利率风险、资产风险、经营风险以及信用风险四者的权重值,然后通过合作博弈Shapley值法的计算融资租赁参与方的收益分配值,再利用影响因素权重对Shapley分配值进行修正,得出更为精确的收益分配,为今后的国内以及国际融资租赁发展提供有力的发展依据。
Nowadays, financial leasing has become a sunrise industry in the market of economic modernization, which has greatly promoted the development of China's import and export economy. This article aims to study the distribution of interests of all companies involved in the financial leasing supply chain and promote financial leasing develop faster. Through the analytic hierarchy process, the factors affecting the financial leasing, such as interest rate risk, asset risk, business risk and credit risk, are calculated. Then, the cooperative game Shapley value method is used to calculate the income distribution value of the financial leasing participants. Factor weights modify the Shapley allocation value to obtain a more accurate income distribution, which provides a strong development basis for future domestic and international financial leasing development.
Nowadays, financial leasing has become a sunrise industry in the market of economic modernization, which has greatly promoted the development of China's import and export economy. This article aims to study the distribution of interests of all companies involved in the financial leasing supply chain and promote financial leasing develop faster. Through the analytic hierarchy process, the factors affecting the financial leasing, such as interest rate risk, asset risk, business risk and credit risk, are calculated. Then, the cooperative game Shapley value method is used to calculate the income distribution value of the financial leasing participants. Factor weights modify the Shapley allocation value to obtain a more accurate income distribution, which provides a strong development basis for future domestic and international financial leasing development.
引文
[1]李光荣.中国融资租赁业发展报告[R].北京:社会科学文献出版社,2016-2017.
[2]卢少华,陶志祥.动态联盟企业的利益分配博弈[J].管理工程学报,2004(3):65-68.
[3]刘云龙,李世佼.产学研联盟中合作成员利益分配机制研究[J].科技进步与对策,2012(3):23-25.
[4]S Sang.Revenue Sharing Contract for Multi-Echelon Supply Chains with Fuzzy Demand[J].Journal of Convergence Information Technology,2013,8(1):724-734.
[5]王宗润,田续燃,陈晓红.考虑隐性股权的应收账款融资模式下供应链金融博弈分析[J].中国管理科学,2015,23(9):1-8.
[6]Kannan Govindan,Maria Nicoleta Popiuc.Reverse supply chain coordination by revenue sharing contract:A case for the personal computers industry[J].European Journal of Operational Research,2014,233(2):326-336.
[7]Seung Ho Yoo.Effect of a Revenue-Sharing Contract on Quality Enhancement in a Supply Chain[J].Journal of the Korean Operations Research and Management Science Society,2017,42(1):1-17.
[8]王筝.金融租赁公司风险管理体系构建初探[J].中央财经大学学报,2015(3):47-54.
[9]Lelya Pashtova,Elena Kornilova.Balancing the interests of participants financial leasing transactions[J].Koncept:Scientific and Methodological e-magazine,2015,2(7):41-45.
[10]孙红霞,张强.基于多线性扩展的模糊双合作博弈的支付分配策略模型[J].系统工程理论与实践,2017,37(4):990-998.
[11]庞凯,吴晓曼.基于改进Shapley值的废旧汽车回收联盟利益分配研究[J].物流科技,2017,40(1):82-85.
[12]张珍,肖东生.基于层次分析法的中小企业供应链融资信用风险评估[J].物流科技,2016,39(2):138-140.
[2]卢少华,陶志祥.动态联盟企业的利益分配博弈[J].管理工程学报,2004(3):65-68.
[3]刘云龙,李世佼.产学研联盟中合作成员利益分配机制研究[J].科技进步与对策,2012(3):23-25.
[4]S Sang.Revenue Sharing Contract for Multi-Echelon Supply Chains with Fuzzy Demand[J].Journal of Convergence Information Technology,2013,8(1):724-734.
[5]王宗润,田续燃,陈晓红.考虑隐性股权的应收账款融资模式下供应链金融博弈分析[J].中国管理科学,2015,23(9):1-8.
[6]Kannan Govindan,Maria Nicoleta Popiuc.Reverse supply chain coordination by revenue sharing contract:A case for the personal computers industry[J].European Journal of Operational Research,2014,233(2):326-336.
[7]Seung Ho Yoo.Effect of a Revenue-Sharing Contract on Quality Enhancement in a Supply Chain[J].Journal of the Korean Operations Research and Management Science Society,2017,42(1):1-17.
[8]王筝.金融租赁公司风险管理体系构建初探[J].中央财经大学学报,2015(3):47-54.
[9]Lelya Pashtova,Elena Kornilova.Balancing the interests of participants financial leasing transactions[J].Koncept:Scientific and Methodological e-magazine,2015,2(7):41-45.
[10]孙红霞,张强.基于多线性扩展的模糊双合作博弈的支付分配策略模型[J].系统工程理论与实践,2017,37(4):990-998.
[11]庞凯,吴晓曼.基于改进Shapley值的废旧汽车回收联盟利益分配研究[J].物流科技,2017,40(1):82-85.
[12]张珍,肖东生.基于层次分析法的中小企业供应链融资信用风险评估[J].物流科技,2016,39(2):138-140.