《供应链金融：机制原理、风险分析与技术创新》深入探讨了供应链金融这一复杂且不断进化的领域。本书整合了关键概念、核心机制、风险分析实践以及最新技术趋势，有效填补了当前文献中的空白。它专为研究生、本科生以及银行、金融和供应链领域的专业人士设计，基于作者超过二十年的国际学术研究和实践经验，提供了全面、前沿且具有前瞻性的对该主题的研究。

目　录

推　荐　序

作者介绍

前　　

言

致　　谢

第1部分 

供应链金融基础

第1章　供应链金融概论 ·················2

 1.1　导言 ········································ 2

 1.2　供应链金融的定义 ······················ 3

 1.3　供应链金融的历史 ······················ 5

 1.4　小企业的融资困境 ······················ 6

 1.5　供应链金融的重要性 ··················10

 1.6　总结 ·······································11

 1.7　练习 ·······································12

 1.8　参考资料 ·································13

第2章　供应链金融特征 ················15

 2.1　导言 ·······································15

 2.2　供应链上的四类“流” ·················17

 2.3　供应链金融机制分类 ··················20

 2.5　供应链金融效应 ························25

 2.6　衡量和选择融资方案的原则 ·········27

 2.7　总结 ·······································31

 2.8　练习 ·······································32

 2.9　参考资料 ·································33

第3章　财务分析 ··························35

 3.1　导言 ·······································35

 3.2　财务报表 ·································36

 3.3　利润和资产比率 ························40

 3.4　杜邦分析法 ······························46

 3.5　链式综合指标 ···························51

 3.6　总结 ·······································53

 3.7　练习 ·······································54

 3.8　附录：沃尔玛股份有限公司 

2018—2020 年度财务报表 ···········55

 3.9　参考资料 ·································58

第4章　营运资本管理 ···················60

 4.1　导言 ·······································60

 4.2　现金和营运资本 ························61

 4.3　现金转换周期 ···························63

 4.4　零售业现金转换周期的影响 ·········70

 4.5　流动性指标 ······························73

 2.4　供应链金融的利与弊 ··················22

4.6　总结 ·······································78

 XIII

第7章　买家主导的供应链金融 ····143

 4.7　练习 ·······································79

 4.8　参考资料 ·································80

第2部分 

供应链金融机制

第5章　贸易金融：供应链金融 

　　　　的早期模式 ······················84

 5.1　导言 ·······································84

 5.2　预付现金和推式供应链 ···············85

 5.3　寄售和拉式供应链 ·····················86

 5.4　信用证 ····································87

 5.5　赊销 ·······································92

 5.6　跟单托收 ·································97

 5.7　国际贸易术语解释通则 ···············98

 5.8　案例研究：Enlightened公司的 

　寄售选择 ······························· 100

 5.9　总结 ····································· 103

 5.10　练习 ··································· 104

 5.11　附录：学术思考 ····················· 105

 5.12　参考资料 ····························· 107

第6章　卖家主导的供应链金融 ····110

 6.1　导言 ····································· 110

 6.2　保理 ····································· 111

 6.3　福费廷 ·································· 120

 6.4　发票贴现 ······························· 124

 6.5　订单融资 ······························· 125

 6.6　卖家主导的应收账款证券化 ·······129

 6.7　总结 ····································· 136

 6.8　练习 ····································· 137

 6.9　附录：学术思考 ······················ 139

 7.1　导言 ····································· 143

 7.2　动态贴现 ······························· 144

 7.3　反向保理 ······························· 148

 7.4　买家主导的应付账款反向证

券化 ····································· 160

 7.5　案例研究：延长付款期限条款

　的影响 ·································· 162

 7.6　总结 ····································· 167

 7.7　练习 ····································· 168

 7.8　附录：学术思考 ······················ 169

 7.9　参考资料 ······························· 172

第8章　库存和第三方物流公司 

　主导的融资 ····················· 174

 8.1　导言 ····································· 174

 8.2　库存融资 ······························· 175

 8.3　第三方物流公司主导的在途

　库存融资 ······························· 179

 8.4　第三方物流公司主导的供应

　链金融创新案例 ······················ 185

 8.5　总结 ····································· 187

 8.6　练习 ····································· 188

 8.7　附录：学术思考 ······················ 189

 8.8　参考资料 ······························· 192

第9章　其他供应链金融机制 ········194

 9.1　导言 ····································· 194

 9.2　分销商融资 ···························· 194

 9.3　银行付款责任 ························· 197

 9.4　结构化商品融资 ······················ 206

 9.5　总结 ····································· 211

 9.6　练习 ····································· 211

 9.7　参考资料 ······························· 213

 6.10　参考资料 ····························· 140

XIV

 12.7　运营对冲 ····························· 293

第3部分 

供应链金融风险分析

第10章　供应链金融风险分类 

　与评估 ························· 216

 10.1　导言 ··································· 216

 10.2　供应链金融风险管理体系 ·········217

 10.3　供应链金融风险分类 ··············· 217

 10.4　定性风险评估 ························ 226

 10.5　定量风险评估 ························ 229

 10.6　总结 ··································· 236

 10.7　练习 ··································· 236

 10.8　参考资料 ····························· 238

第11章　供应链金融风险评估 ······240

 11.1　导言 ··································· 240

 11.2　风险价值······························ 241

 11.3　条件风险价值 ························ 247

 11.4　压力测试······························ 248

 11.5　风险调整回报率 ····················· 251

 11.6　总结 ··································· 254

 11.7　练习 ··································· 255

 11.8　附录：学术思考 ····················· 256

 11.9　参考资料······························ 260

第12章　供应链金融风险缓解 

　和管理 ························· 261

 12.1　导言 ··································· 261

 12.2　供应链金融风险缓解基础 ·········262

 12.3　传统风险缓解策略 ·················· 266

 12.4　基于供应链金融的保险与 

　　　信用担保 ····························· 277

 12.5　供应链企业担保融资 ··············· 284

 12.8　法规、道德和可持续性 ············295

 12.9　总结 ··································· 299

 12.10　练习 ·································· 299

 12.11　附录：学术思考 ··················· 302

 12.12　参考资料 ···························· 304

第4部分 

供应链金融技术

第13章　供应链金融数字化与 

　技术 ···························· 310

 13.1　导言 ··································· 310

 13.2　供应链数字化 ························ 310

 13.3　供应链金融平台 ····················· 315

 13.4　其他供应链金融技术 ··············· 318

 13.5　总结 ··································· 322

 13.6　练习 ··································· 323

 13.7　参考资料 ····························· 324

第14章　区块链技术 ··················· 326

 14.1　导言 ··································· 326

 14.2　区块链结构 ·························· 327

 14.3　比特币区块链 ························ 329

 14.4　其他公有区块链和加密货币 ······343

 14.5　加密货币的风险与未来发展 ······351

 14.6　私有区块链 ·························· 355

 14.7　联盟区块链 ·························· 356

 14.8　混合区块链 ·························· 359

 14.9　总结 ··································· 361

 14.10　练习 ·································· 362

 14.11　附录：共识机制 ··················· 364

 14.12　参考资料 ···························· 365

 12.6　金融对冲 ····························· 285

第15章　区块链在供应链金融 

XV

 15.5　区块链供应链面临的挑战 ·········391

　中的应用 ······················ 372

 15.1　导言 ··································· 372

 15.2　区块链在供应链管理和金融

　中的应用 ····························· 373

 15.3　数字代币 ····························· 380

 15.4　首次代币发行 ························ 387

 15.6　区块链在供应链金融中的应用 ···393

 15.7　总结 ··································· 396

 15.8　练习 ··································· 397

 15.9　参考资料 ····························· 400

术语表 ········································ 405