Publicação
The pricing strategy and risk management of financial leasing: A case study of the new energy vehicle business
| Resumo: | Financial leasing, an innovative financial product that combines trading, financing and leasing, has become one of the five pillar industries of the global financial market. After more than 30 years’ development in China, financial leasing has improved in terms of enterprise number, business amount, legal policies, market environment. However, due to the complexity of the financial leasing industry, irregular operations and immature markets are accompanied by certain risks. Faced with the environmental issues and the “green” trend, new energy vehicle has attracted attention worldwide. In China, the government has issued a series of measures and subsidies to promote the new energy vehicle industry. As a result, the production and sales of new energy vehicles have greatly increased and the financing leasing business of new energy vehicles has rapidly developed. At present, the overall penetration rate of China’s auto finance is about 38%, among which the financial leasing only constitutes 2%. The financing leasing business of new energy vehicles is still in its infancy, so the market is large. However, there are risks in the financial leasing business of new energy vehicles, including financial risks and environmental risks. This thesis takes the new energy vehicle financial leasing business of SQ Company as a research case. Based on reading and analyzing the literature, this thesis divided the risks of the company’s new energy vehicle finance leasing business into financial risk and environmental risk, and used CAMELS model to comprehensively evaluate the risks. After analyzing the risks, this thesis put forward the coping strategies of risk problems and risk transfer measures based on pricing strategies. Among them, the coping strategies include diversified business income, innovative business models for new energy vehicle financing leasing, and improvement of the company’s risk management system. |
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| Autores principais: | Yang Lvzhou |
| Assunto: | New energy vehicles Financial leasing Risk analysis Pricing strategy Veículos baseados em novas energias Leasing financeiro Gestão de risco Estratégia de preços |
| Ano: | 2022 |
| País: | Portugal |
| Tipo de documento: | tese de doutoramento |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | ISCTE |
| Idioma: | inglês |
| Origem: | Repositório ISCTE |
| Resumo: | Financial leasing, an innovative financial product that combines trading, financing and leasing, has become one of the five pillar industries of the global financial market. After more than 30 years’ development in China, financial leasing has improved in terms of enterprise number, business amount, legal policies, market environment. However, due to the complexity of the financial leasing industry, irregular operations and immature markets are accompanied by certain risks. Faced with the environmental issues and the “green” trend, new energy vehicle has attracted attention worldwide. In China, the government has issued a series of measures and subsidies to promote the new energy vehicle industry. As a result, the production and sales of new energy vehicles have greatly increased and the financing leasing business of new energy vehicles has rapidly developed. At present, the overall penetration rate of China’s auto finance is about 38%, among which the financial leasing only constitutes 2%. The financing leasing business of new energy vehicles is still in its infancy, so the market is large. However, there are risks in the financial leasing business of new energy vehicles, including financial risks and environmental risks. This thesis takes the new energy vehicle financial leasing business of SQ Company as a research case. Based on reading and analyzing the literature, this thesis divided the risks of the company’s new energy vehicle finance leasing business into financial risk and environmental risk, and used CAMELS model to comprehensively evaluate the risks. After analyzing the risks, this thesis put forward the coping strategies of risk problems and risk transfer measures based on pricing strategies. Among them, the coping strategies include diversified business income, innovative business models for new energy vehicle financing leasing, and improvement of the company’s risk management system. |
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