"公司+农户"型订单农业供应链内部融资决策
The internal financing decisions of "Company+Farmer" contract farming supply chain
查看参考文献25篇
文摘
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考虑农产品产出不确定性和公司与农户之间地位不对等性的基础上,构建了由单个资金短缺的农户和单个资金充裕的公司组成的订单农业供应链的内部融资决策模型,分别研究了资金约束的农户通过定向(生产农资、技术支持与培训)融资或非定向(预付款/定金)融资方式获得生产资金支持时,农户的最优生产决策、公司的最优收购价格决策和双方的融资决策及其期望收益.研究发现:1)无论农户是否存在破产风险而公司提供生产农资的定向融资时,双方的期望收益都可实现帕累托改进,且农户的生产资金缺口较小时达到无资金约束的状态.2)当农户不存在破产风险而公司提供无息的技术支持与培训的定向融资时,双方的期望收益得到提升,且农户的生产资金缺口较小时也能达到无资金约束的结果;此外,当农户存在破产风险且公司提供技术支持与培训的定向融资时,农户的最优生产投入量可能高于无资金约束时的最优生产投入量,此时双方可能获得高于无资金约束的期望收益.3)当农户不存在破产风险而公司提供无息的非定向融资,或是农户存在破产风险而公司收取适当的非定向融资利息时,双方的最优决策及其期望收益与无资金约束相同. |
其他语种文摘
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Based on the random yield of agricultural products and the unequal bargaining power between agribusiness firm and farmers, this study develops an internal financing decision model of a contract-farming supply chain consists of a single farmer with financial constraints and a single firm with sufficient capital, compares and analyzes the optimal production decisions of farmers, the optimal acquisition price decision of firms, and the financing decision-making and expected incomes of the two sides, in the situation when the firm provides farmers targeted financing(production materials or technical guidance and training) or non-targeted financing(advance payment/deposit) respectively. The study found that:1) No matter whether the farmer is in bankruptcy risk or not, when the firm provides targeted financing of production materials, Pareto improvement can be realized in both parties' expected revenue, and both parties can reach the state of no capital constraint if the farmer has a certain amount of his/her own production funds. 2) When the farmer is not at risk of bankruptcy and the firm provides farmers targeted financing of technical guidance and training, both parties' expected revenue can be improved, and both parties can reach the state of no capital constraint if the farmer has a certain amount of his/her own production funds. In addition, When the farmer is at risk of bankruptcy and the firm provides farmers targeted financing of technical guidance and training, the optimal production input of farmers may be higher than the optimal production input without capital constraints, at which time the two parties get higher expected revenue than the expected revenue without capital constraints. 3) When the farmer is not at risk of bankruptcy and the firm provides non-targeted financing of interest-free, or when the farmer is at risk of bankruptcy and the firm provides non-targeted financing of charging appropriate interest, the result that the optimal decision and expected revenue of both parties are the same as those without capital constraint. |
来源
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系统工程理论与实践
,2021,41(5):1162-1178 【核心库】
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DOI
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10.12011/SETP2019-1948
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关键词
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订单农业
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随机产出
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内部融资
;
定向融资
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非定向融资
;
融资决策模型
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地址
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1.
广东工业大学管理学院, 广州, 510520
2.
华南师范大学经济与管理学院, 广州, 510006
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语种
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中文 |
文献类型
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研究性论文 |
ISSN
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1000-6788 |
学科
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社会科学总论 |
基金
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国家自然科学基金
;
广东省基础与应用基础研究基金
;
广东省哲学社会科学规划项目
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文献收藏号
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CSCD:6983336
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