基于供应链金融的中小企业信贷市场演化分析

摘要

According to the evolutionary game theory,evolutionary game models of the SMEs' loan market are established respectively under the traditional mode and supply chain finance mode,and the evolving rules of SMEs' credit market are analyzed.Then,the impact of supply chain finance on SMEs' credit market is discussed.The results show that the system is not stable under the traditional mode,so it is difficult for SMEs to obtain bank loans.On the contrary,the system is in a stable state under the supply chain finance mode,and the SMEs' loan market develops well.At last,the results are validated with numerical analysis.%根据演化博弈论,分别构建了供应链金融模式及传统融资模式下中小企业信贷市场的演化博弈模型,比较分析了两种模式下中小企业信贷市场的演化规律,探析了供应链金融对中小企业信贷市场的影响.研究表明,在传统融资模式下,系统不存在稳定汇入点,信贷市场不稳定,中小企业较难获得银行贷款;而在供应链金融模式下,系统的演化将收敛于银行贷款、企业履约的稳定状态,中小企业信贷市场呈良性发展.最后,通过数值分析对模型结论的有效性进一步验证.