«上一篇/Previous Article|本期目录/Table of Contents|下一篇/Next Article»

《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]

卷:

期数:

2025年02期

页码:

86-104

栏目:

国际经济与贸易

出版日期:

2025-05-30

文章信息/Info

Title:

Review and outlook of the green supply chain finance theory

文章编号:

1671-6248(2025)02-0086-19

作者:

史金召¹; 2; 杨晓¹; 2; 杜强¹; 2; 郭菊娥³

(1. 长安大学 经济与管理学院,陕西 西安 710054; 2. 长安大学 绿色工程与可持续发展研究中心,陕西 西安 710054; 3. 西安交通大学 管理学院,陕西 西安 710049)

Author(s):

SHI Jinzhao¹; 2;  YANG Xiao¹; 2;  DU Qiang¹; 2;  GUO Ju'e³

(1.School of Economics and Management, Chang'an University, Xi'an 710054, Shaanxi, China; 2.Research Center for Green Engineering and Sustainable Development, Chang'an University, Xi'an 710054, Shaanxi, China; 3.School of Management, Xi'an Jiaotong University, Xi'an 710049, Shaanxi, China)

关键词:

绿色供应链金融;  理论综述;  中小企业融资;  区块链技术

Keywords:

green supply chain finance(GSCF);  theoretical overview;  financing for small and medium-sized enterprises(SMEs);  blockchain technology

分类号:

F525

DOI:

-

文献标志码:

A

摘要:

绿色供应链金融概念属于新生事物,兼具供应链金融和绿色金融属性,在解决中小企业融资和供应链绿色升级双重现实问题上发挥着积极作用,已成为国内外运营和供应链管理领域的研究热点。从概念辨析、模式与风险管理、运作管理等方面对绿色供应链金融相关文献进行全面分析,研究发现:绿色供应链金融是绿色供应链、供应链金融、绿色金融融合发展的产物,其代表性模式以绿色订单融资、绿色应收账款融资、绿色存货质押融资等为主; 相较于传统供应链金融存在的信用、操作、市场、法律等风险,其涌现出“绿色风险”等亟需关注的新风险; 关于绿色供应链金融运作管理,多集中在资金约束型低碳供应链运作决策、契约协调、补贴策略、技术应用等方面。研究表明,未来需要在形成系统性理论、关注绿色风险、创新运作管理等方面进行拓展,借鉴“数据+模型”等范式,探究区块链等信息技术驱动的绿色供应链金融运作和管理路径。

Abstract:

As an emerging concept, green supply chain finance(GSCF)combines the attributes of both supply chain finance and green finance. It plays an active role in addressing two pressing practical challenges: financing for small and medium-sized enterprises(SMEs)and the green upgrading of supply chains. GSCF has become a research hotspot in the field of operations and supply chain management both domestically and internationally. This study conducts a comprehensive analysis of relevant literature from the perspectives of conceptual clarification, models and risk management, and operational management. The findings show that GSCF is the result of the integrated development of green supply chain, supply chain finance, and green finance. Representative models include green order financing, green accounts receivable financing, and green inventory pledge financing. Compared with traditional supply chain finance, GSCF introduces new risks such as “green risk” which require close attention, in addition to the conventional credit, operational, market, and legal risks. Research on GSCF operational management mainly focuses on capital-constrained low-carbon supply chain decision-making, contract coordination, subsidy strategies, and the application of technologies. In the future, further development is needed in forming a systematic theoretical framework, addressing green risks, and innovating operational management. Adopting paradigms such as “data + models” and exploring blockchain-driven approaches to the operation and management of GSCF will be essential.

参考文献/References:

[1] PEREZ G.Sustainable supply chain financing:how financial institutions could enhance supply chain sustainability[D].Washington,D.C.:Georgetown University,2012.
[2]TSENG M L,WU K J,HU J Y,et al.Decision-making model for sustainable supply chain finance under uncertainties[J].International journal of production economics,2018(11):30-36.
[3]李健,王亚静,冯耕中,等.供应链金融述评:现状与未来[J].系统工程理论与实践,2020(8):1977-1995.
[4]LU Y,SUN S,ZHANG M M,et al.Moving towards sustainable development:can supply chain finance promote corporate green innovation?[J].Journal of the knowledge economy,2024(3):13001-13026.
[5]FENG B,FENG C F,ZHAO S H.Green supply chain finance credit market under government regulation:an evolutionary game theory analysis[J].Polish journal of environmental studies,2023(5):3999-4010.
[6]WANG Z R,JIAN Z W,REN X H.Pollution prevention strategies of SMEs in a green supply chain finance under external government intervention[J].Environmental science and pollution research,2023(15):45195-45208.
[7]JUDIJANTO L,UTAMI E Y,HARSONO I.Green supply chain finance:a bibliometric review of financing instruments,challenges,and opportunities[J].West science interdisciplinary studies,2024(3):647-655.
[8]但斌,刘飞.绿色供应链及其体系结构研究[J].中国机械工程,2000(11):40-42,4.
[9]胡跃飞,黄少卿.供应链金融:背景、创新与概念界定[J].金融研究,2009(8):194-206.
[10]李晓西,夏光,蔡宁.绿色金融与可持续发展[J].金融论坛,2015(10):30-40.
[11]钱立华,鲁政委,方琦.绿色供应链金融三大发展模式[J].中国银行业,2019(8):78-79.
[12]冯鲍,冯春风.绿色供应链金融信贷市场主体行为策略研究——基于政府补贴视角下的四方演化博弈分析[J].金融理论与实践,2022(12):54-66.
[13]牟伟明.中小企业绿色供应链金融及其风险控制研究[J].会计之友,2016(13):94-98.
[14]徐荣贞,王森,何婷婷.绿色供应链金融视角下中小企业可持续发展的动力机制研究[J].金融理论与实践,2022(1):76-86.
[15]薛小飞.商业银行绿色供应链金融的实践思考:模式、问题及对策[J].新金融,2022(3):41-47.
[16]袁进明.推动绿色供应链金融创新[J].中国金融,2021(24):49-50.
[17]丁洁,童元松,王光伟.区块链赋能绿色供应链金融发展的机制与路径研究[J].西南金融,2023(10):31-41.
[18]闫俊宏,许祥秦.基于供应链金融的中小企业融资模式分析[J].上海金融,2007(2):14-16.
[19]晏妮娜,孙宝文.考虑信用额度的仓单质押融资模式下供应链金融最优策略[J].系统工程理论与实践,2011(9):1674-1679.
[20]程帆.季节性存货质押融资合作模式分析[J].中国管理科学,2016(S1):439-447.
[21]石军,庄新田,马春兰,等.先票后货融资模式下零售商企业的订货决策[J].东北大学学报(自然科学版),2018(2):283-287.
[22]曲维玺,韩家平.全球及中国保理行业发展特点、趋势分析与政策建议[J].国际贸易,2019(1):90-96.
[23]熊熊,马佳,赵文杰,等.供应链金融模式下的信用风险评价[J].南开管理评论,2009(4):92-98,106.
[24]胡海青,张琅,张道宏.供应链金融视角下的中小企业信用风险评估研究——基于SVM与BP神经网络的比较研究[J].管理评论,2012(11):70-80.
[25]白世贞,黎双.基于BP神经网络的供应链金融风险评估研究[J].商业研究,2013(1):27-31.
[26]刘艳春,崔永生.供应链金融下中小企业信用风险评价——基于SEM和灰色关联度模型[J].技术经济与管理研究,2016(12):14-19.
[27]史金召,郭菊娥.互联网视角下的供应链金融模式发展与国内实践研究[J].西安交通大学学报(社会科学版),2015(4):10-16.
[28]史金召,孙茂林,黎建强.我国跨境电商供应链金融的模式设计与风险管控[J].国际贸易,2022(11):26-34.
[29]单明威.多方参与下的绿色供应链金融模式研究[J].环境与可持续发展,2019(3):64-67.
[30]SHI J Z,LIU D,DU Q,et al.The role of the procurement commitment contract in a low-carbon supply chain with a capital-constrained supplier[J].International journal of production economics,2023(1):1-13.
[31]WANG C,LI X W,WEN H X,et al.Order financing for promoting green transition[J].Journal of cleaner production,2021(6):1-7.
[32]潘悦,石聪颖.绿色供应链金融研究综述[J].中国集体经济,2023(19):84-87.
[33]杨雪,冯鲍.绿色供应链金融实践及风险防范[J].海南金融,2023(3):47-54.
[34]WANG L,PENG K.Carbon reduction decision-making in supply chain under the pledge financing of carbon emission rights[J].Journal of cleaner production,2023(47):1-20.
[35]CAO E,YU M.Trade credit financing and coordination for an emission-dependent supply chain[J].Computers & industrial engineering,2018(5):50-62.
[36]WU D D,YANG L,OLSON D L.Green supply chain management under capital constraint[J].International journal of production econo-mics,2019(9):3-10.
[37]唐瑞红.考虑资金约束的低碳供应链运作策略研究[D].广州:华南理工大学,2020.
[38]苏宁宁,何新华,胡文发.绿色营销资金受限的供应链融资策略[J].山东大学学报(理学版),2024(11):126-138.
[39]CAO E,YU M.The bright side of carbon emission permits on supply chain financing and performance[J].Omega,2019(7):24-39.
[40]CAO E,DU L,RUAN J.Financing preferences and performance for an emission-dependent supply chain:supplier vs.bank[J].International journal of production economics,2019(2):383-399.
[41]AN S,LI B,SONG D,et al.Green credit financing versus trade credit financing in a supply chain with carbon emission limits[J].European journal of operational research,2021(1):125-142.
[42]李波,王敏学,安思敏.低碳努力下资金约束供应链的融资选择策略研究[J].管理工程学报,2021(2):211-220.
[43]XU S,FANG L.Partial credit guarantee and trade credit in an emission-dependent supply chain with capital constraint[J].Transportation research:Part E:logistics and transportation review,2020(3):1-29.
[44]ZOU T,ZOU Q,HU L.Joint decision of financing and ordering in an emission-dependent supply chain with yield uncertainty[J].Computers & industrial engineering,2021(2):1-17.
[45]LAI Z,LOU G,ZHANG T,et al.Financing and coordination strategies for a manufacturer with limited operating and green innovation capital:bank credit financing versus supplier green investment[J].Annals of operations research,2023(1):85-119.
[46]杨浩雄,段炜钰.面向制造商资金约束的绿色供应链融资策略研究[J].运筹与管理,2019(8):126-133.
[47]QIN J,HAN Y,WEI G,et al.The value of advance payment financing to carbon emission reduction and production in a supply chain with game theory analysis[J].International journal of production research,2020(1):200-219.
[48]WANG Y,YU Z,JIN M,et al.Decisions and coordination of retailer-led low-carbon supply chain under altruistic preference[J].European journal of operational research,2021(3):910-925.
[49]XIA T,WANG Y,LV L,et al.Financing decisions of low-carbon supply chain under chain-to-chain competition[J].International journal of production research,2023(18):6153-6176.
[50]郭志芳,辛乐.考量市场需求不确定下绿色供应链融资策略及选择——兼析供应链最优生产决策与供应商最优融资方式[J].价格理论与实践,2022(4):181-184,208.
[51]WU S M,CHAN F T S,CHUNG S H.A study on green supply chain under capital constraint considering time-varying salvage value[J].International journal of production research,2022(1):8-24.
[52]文竹,白冬霞,侯剑.考虑随机市场需求和零售商风险规避的绿色供应链内部融资策略研究[J].金融理论与实践,2024(1):32-42.
[53]邹清明,谢文芳,李玉琼.制造商过度自信的绿色供应链融资和定价策略[EB/OL].(2024-01-12)[2025-04-17].http://kns.cnki.net/kcms/detail/11.2835.G3.20240110.1633.002.html.
[54]SWAMI S,SHAH J.Channel coordination in green supply chain management[J].Journal of the operational research society,2013(3):336-351.
[55]GHOSH D,SHAH J.Supply chain analysis under green sensitive consumer demand and cost sharing contract[J].International journal of production economics,2015(6):319-329.
[56]YANG H,CHEN W.Retailer-driven carbon emission abatement with consumer environmental awareness and carbon tax:revenue-sharing versus cost-sharing[J].Omega,2018(5):179-191.
[57]WANG Y,YU Z,JIN M,et al.Decisions and coordination of retailer-led low-carbon supply chain under altruistic preference[J].European journal of operational research,2021(3):910-925.
[58]HEYDARI J,GOVINDAN K,BASIRI Z.Balancing price and green quality in presence of consumer environmental awareness:a green supply chain coordination approach[J].International journal of production research,2021(7):1957-1975.
[59]PENG Q,WANG C,XU L.Emission abatement and procurement strategies in a low-carbon supply chain with option contracts under stochastic demand[J].Computers & industrial engineering,2020(6):1-13.
[60]杨惠霄,欧锦文.收入共享与谈判权力对供应链碳减排决策的影响[J].系统工程理论与实践,2020(9):2379-2390.
[61]胡永仕,孙金凯,林晶.考虑收益共享契约的绿色供应链协调策略研究[J].武汉理工大学学报(信息与管理工程版),2023(6):920-927.
[62]XU X,HE P,XU H,et al.Supply chain coordination with green technology under cap-and-trade regulation[J].International journal of production economics,2017(1):433-442.
[63]TALEIZADEH A A,ALIZADEH-BASBAN N,SARKER B R.Coordinated contracts in a two-level green supply chain considering pricing strategy[J].Computers & industrial engineering,2018(10):249-275.
[64]XU X,YANG Y,JI T.The effects of cap-and-trade regulation and sales effort on supply chain coordination[J].Annals of operations research,2023(2):1-29.
[65]BAI Q,CHEN J,XU J.Energy conservation investment and supply chain structure under cap-and-trade regulation for a green product[J].Omega,2023(1):1-26.
[66]WANG J,CHENG X,ZHANG S.Low carbon distribution channel coordination with a capi-tal-constrained retailer[J].Discrete dynamics in nature and society,2018(1):1-13.
[67]YANG H,MIAO L,ZHAO C.The credit strategy of a green supply chain based on capital constraints[J].Journal of cleaner production,2019(1):930-939.
[68]ZHAO L,LI L,SONG Y,et al.Research on pricing and coordination strategy of a sustainable green supply chain with a capital-constrained retailer[J].Complexity,2018(1):1-12.
[69]江玮璠,魏元红,田铱杰,等.基于电商平台过度自信的绿色农产品企业融资决策[J].江西师范大学学报(自然科学版),2023(6):571-581.
[70]WU C,XU C,ZHAO Q,et al.Research on financing strategy of low-carbon supply chain based on cost-sharing contract[J].Environmental science and pollution research,2022(32):48358-48375.
[71]史金召,焦文歆,杜强,等.双向碳减排成本分担下资金约束供应链契约协调研究[J].系统科学与数学,2023(5):1225-1241.
[72]ZHOU Z,HU F,XIAO D.Optimal pricing stra-tegy of competing manufacturers under carbon policy and consumer environmental awareness[J].Computers & industrial engineering,2020(3):1-20.
[73]RAMANDI M D,BAFRUEI M K.Effects of government's policy on supply chain coordination with a periodic review inventory system to reduce greenhouse gas emissions[J].Compu-ters & industrial engineering,2020(5):1-20.
[74]林志炳,鲍蕾.企业社会责任对供应链减排决策及政府补贴效率的影响[J].中国管理科学,2021(11):111-121.
[75]LI Y,DENG Q,ZHOU C,et al.Environmental governance strategies in a two-echelon supply chain with tax and subsidy interactions[J].Annals of operations research,2020(3):439-462.
[76]LI Y,TONG Y,YE F,et al.The choice of the government green subsidy scheme:innovation subsidy vs.product subsidy[J].International journal of production research,2020(16):4932-4946.
[77]LI Z,PAN Y,YANG W,et al.Effects of go-vernment subsidies on green technology investment and green marketing coordination of supply chain under the cap-and-trade mechanism[J].Energy economics,2021(9):1-14.
[78]LIU Y,REN W,XU Q,et al.Decision analysis of supply chains considering corporate social responsibility and government subsidy under di-fferent channel power structures[J].Annals of operations research,2021(1):1841-1869.
[79]张令荣,彭博,程春琪.基于区块链技术的低碳供应链政府补贴策略研究[J].中国管理科学,2023(10):49-60.
[80]HUANG S,FAN Z P,WANG X.Optimal financing and operational decisions of capital-constrained manufacturer under green credit and subsidy[J].Journal of industrial and management optimization,2021(1):261-277.
[81]HUANG S,FAN Z P,WANG N.Green subsidy modes and pricing strategy in a capital-constrained supply chain[J].Transportation research part E:logistics and transportation review,2020(4):1-14.
[82]张夏然,王自然,蓝传晓,等.供应商资金约束下考虑政府补贴的供应链绿色生产决策研究[J].管理学报,2022(2):280-288.
[83]JIN W,DING W,YANG J.Impact of financial incentives on green manufacturing:loan guarantee vs.interest subsidy[J].European journal of operational research,2022(3):1067-1080.
[84]BAI S,WU D,YAN Z.Operational decisions of green supply chain under financial incentives with emission constraints[J].Journal of cleaner production,2023(20):1-15.
[85]吴成锋,赵路,王龙鑫.考虑政府补贴及双边资金约束的绿色供应链融资策略研究[J].金融理论与实践,2024(3):36-50.
[86]李健,朱士超,李永武.基于综合集成方法论的区块链驱动下供应链金融决策研究[J].管理评论,2020(7):302-314.
[87]WANG C,CHEN X,XU X,et al.Financing and operating strategies for blockchain techno-logy-driven accounts receivable chains[J].European journal of operational research,2023(3):1279-1295.
[88]LIU L,LI Y,JIANG T.Optimal strategies for financing a three-level supply chain through blockchain platform finance[J].International journal of production research,2023(11):3564-3581.
[89]CHOI T M.Supply chain financing using blockchain:impacts on supply chains selling fashionable products[J].Annals of operations resear-ch,2023(1):393-415.
[90]李善良,陈睿轩,李宗活,等.不同信用风险主导下区块链对应收账款融资的影响研究[J].工业技术经济,2023(12):115-124.
[91]DONG C,HUANG Q,FANG D.Channel selection and pricing strategy with supply chain finance and blockchain[J].International journal of production economics,2023(8):1-14.
[92]WANG M,LI B,SONG D.The impact of blockchain on restricting the misuse of green loans in a capital-constrained supply chain[J].European journal of operational research,2024(3):980-996.
[93]WANG D,ZHAO D,CHEN F.Research on financing strategy of green energy-efficient supply chain based on blockchain technology[J].Energies,2023(7):2985.
[94]CAO Y,YI C,WAN G,et al.An analysis on the role of blockchain-based platforms in agricultural supply chains[J].Transportation research part E:logistics and transportation review,2022(2):1-33.
[95]WU C,XU C,ZHAO Q,et al.Research on financing strategy under the integration of green supply chain and blockchain technology[J].Computers & industrial engineering,2023(11):1-19.

相似文献/References:

备注/Memo

备注/Memo:

收稿日期:2024-10-10
基金项目:国家自然科学基金青年项目(72202021); 中国博士后科学基金资助项目(2023T160561、2019M663605); 陕西省创新能力支撑计划项目(2024ZC-YBXM-097); 中央高校基本科研业务费专项资金资助项目(300102233606)
作者简介:史金召(1990-),男,山东章丘人,副教授,博士研究生导师,管理学博士。

常用功能

更新日期/Last Update: 2025-05-30