Consider Risk-Averse Green Supply Chain Financing Decisions
Aiming at the producing financing difficulties of small and micro manufacturing enterprises un-der green supply chain,we construct a second-level green supply chain game model consisting of a single man-ufacturer and a retailer.On the basis of manufacturers not considering financing for green production,bank fi-nancing,retailer financing,and risk avoidance behavior are introduced to analyze whether retailers provide fi-nancing for manufacturers when they face insufficient production due to increased demand.The optimal deci-sions for manufacturers and retailers under different financing strategies are given.The results show that in a green supply chain,improve product greenness can increase the profits of manufacturers and retailers.For manufacturers,adopting any financing method can help alleviate their financial pressure.However,when the level of risk avoidance for retailers is low,they should choose to obtain financing loans from retailers.When retailers have a high degree of risk aversion,they should choose to borrow from banks.Moreover,when retail-ers provide loan financing to upstream manufacturers,both parties can effectively increase their profit margins.Therefore,retailers should set reasonable financing interest rates and provide manufacturers with a certain de-gree of financial assistance.Meanwhile,evaluating the production and operation capabilities of manufacturers from multiple perspectives and choosing some appropriate ways to avoid the risks caused by insufficient produc-tion of manufacturers,to reduce their own losses.At the same time,retailers had better encourage manufactur-ers to innovate in green product technology and produce products with higher greenness,in order to improve market competitiveness.
green supply chainsrisk avoidance behaviorfinancially constrained manufacturersretail-ers providing financeproduct greenness
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