A Study of the Relationship Between a Purchase Order Financing Service Provider & Buyer Enterprise

• Main Authors: Chi-Yu Lee, 李啟宇
• Other Authors: 武為棣
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/ueu8cv

碩士 === 國立中興大學 === 行銷學系所 === 106 === SMEs (small and medium enterprises) have played important roles in economic development in Taiwan for a long time. However, SMEs have changed from operating separately to cooperating and forming a supply chain system due to the influence of global competition and the change of the industrial structure. Therefore, the issue of in supply chain management becomes very important in nowadays Taiwan society. SMEs often have insufficient collateral, inadequate accounting systems, poor financial management personnel, and take higher risks in operations. As a result, SMEs face many difficulties in financing. However, capital liquidity is very important to SMEs. If there is a shortage of liquidity, not only the SME may shut down, but also the whole supply chain may disrupt. In order to avoid supply chain disruption, many funding methods, such as purchase order financing (POF), accounts receivable financing, and cash in advance, are used to solve the SMEs’ financial problems. This study focuses on the role of a risk-averse bank in supply chain finance and builds a Stackelberg game model to describe the interaction between the bank, a sound credit buyer, and a seller who lacks fund. The seller can use POF to obtain the funds for production. Based on this, we discuss how the bank sets the optimal lending rate and how the buyer determines the optimal order quantity and the optimal product price.