供应链金融商业模式、场景创新与风险规避——基于“橙分期”的案例研究

管理评论 ›› 2022, Vol. 34 ›› Issue (2): 326-335.

供应链金融商业模式、场景创新与风险规避——基于“橙分期”的案例研究

李健¹, 渠珂¹, 田歆^2,3, 高莹⁴, 蔡宝祥⁴

1. 北京工业大学经济与管理学院, 北京 100124;
2. 中国科学院大学经济与管理学院, 北京 100190;
3. 中国科学院虚拟经济与数据科学研究中心, 北京 100190;
4. 悦达商业保理(深圳)有限公司, 深圳 518000

收稿日期:2021-07-20 出版日期:2022-02-28 发布日期:2022-03-24
通讯作者: 田歆（通讯作者），中国科学院大学经济与管理学院副教授，中国科学院虚拟经济与数据科学研究中心副研究员，硕士生导师，博士
作者简介:李健，北京工业大学经济与管理学院教授，博士生导师，博士;渠珂，北京工业大学经济与管理学院硕士研究生;高莹，悦达商业保理(深圳)有限公司首席风险官，博士;蔡宝祥，悦达商业保理(深圳)有限公司董事长
基金资助:
国家自然科学基金重点项目（71932002）；国家自然科学基金项目（72172145）；北京市自然科学基金项目（9212020）；中央高校基本科研业务费专项资金（E1E41501X2）。

Supply Chain Finance Business Model, Scenario Innovation and Risk Avoidance: Based on “Orange Staging” Case Study

Li Jian¹, Qu Ke¹, Tian Xin^2,3, Gao Ying⁴, Cai Baoxiang⁴

1. College of Economics and Management, Beijing University of Technology, Beijing 100124;
2. School of Economics and Management, University of Chinese Academy of Sciences, Beijing 100190;
3. Research Center on Fictitious Economy and Data Science, Chinese Academy of Sciences, Beijing 100190;
4. Yueda Commercial Factoring (Shenzhen) Co, Shenzhen 518000

Received:2021-07-20 Online:2022-02-28 Published:2022-03-24

摘要/Abstract

摘要： 供应链金融商业模式通过场景创新实现价值创造。在供应链金融中，商业模式创新的关键是解决好信用传递和风险问题。本文旨在探索供应链金融模式创新的动因、路径、作用机理以及风险规避措施。首先，商业模式创新的核心是由场景创新驱动的商业运作模式创新；同时，场景创新过程中可能引发信用传递风险。本文借助“橙分期”的案例分析，提出供应链金融场景创新型商业模式，探讨这种供应链金融模式的作用机理及信用传递机制创新机理与风险规避手段。力图给供应链金融行业以更多“场景创新”理念上的启示，从而更好地推进供应链实体经济与供应链金融健康发展。

关键词: 供应链金融, 橙分期, 商业模式, 场景创新, 风险规避

Abstract: Supply chain finance business model realizes value creation through scenario innovation. In supply chain finance, the key to business model innovation is to solve the problems of credit transmission and risk. This paper aims to explore the motivation, path, mechanism of action and risk avoidance measures of supply chain financial model innovation. First of all, business model innovation is driven by business development model innovation and scenario innovation. At the same time, the process of scenario innovation may trigger credit transfer risks. Based on the case analysis of “orange staging”, this paper proposes a supply chain financial scenario-innovative business model, and discusses the innovation mechanism and risk aversion methods of the credit transfer mechanism under this supply chain financial model in the hope of providing the supply chain finance industry with deeper enlightenment on the concept of “scene innovation”, so as to better promote the healthy development of supply chain real economy and supply chain finance.

Key words: supply chain finance, orange staging, business model, scenario innovation, risk aversion

李健, 渠珂, 田歆, 高莹, 蔡宝祥. 供应链金融商业模式、场景创新与风险规避——基于“橙分期”的案例研究[J]. 管理评论, 2022, 34(2): 326-335.

Li Jian, Qu Ke, Tian Xin, Gao Ying, Cai Baoxiang. Supply Chain Finance Business Model, Scenario Innovation and Risk Avoidance: Based on “Orange Staging” Case Study[J]. Management Review, 2022, 34(2): 326-335.

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