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. |
|---|---|
| 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 |
| _version_ | 1868443338895523840 |
|---|---|
| author | Yang Lvzhou |
| author_facet | Yang Lvzhou |
| author_role | author |
| country_str | PT |
| creators_json_txt | [{\"Person.name\":\"Yang Lvzhou\"}] |
| datacite.creators.creator.creatorName.fl_str_mv | Yang Lvzhou |
| datacite.date.Accepted.fl_str_mv | 2022-05-16T00:00:00Z |
| datacite.rights.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| datacite.subjects.subject.fl_str_mv | New energy vehicles Financial leasing Risk analysis Pricing strategy Veículos baseados em novas energias Leasing financeiro Gestão de risco Estratégia de preços |
| datacite.titles.title.fl_str_mv | The pricing strategy and risk management of financial leasing: A case study of the new energy vehicle business |
| dc.creator.none.fl_str_mv | Yang Lvzhou |
| dc.date.Accepted.fl_str_mv | 2022-05-16T00:00:00Z |
| dc.description.none.fl_str_mv | O leasing financeiro, é um produto financeiro inovador que combina negociação, financiamento e leasing, e que ultimamente tornou-se um dos cinco pilares da indústria do mercado financeiro global. Depois de mais de 30 anos de desenvolvimento na China, o leasing financeiro melhorou em termos de número de empresas a adotar este negócio, o valor do negócio, as políticas legais, o ambiente de mercado. No entanto, devido à complexidade da indústria de leasing financeiro, as operações irregulares e os mercados imaturos são geralmente acompanhados por certos riscos. Tendo em consideração as questões ambientais e a tendência “verde”, os veículos movidos por novas energias, têm despertado a atenção dos clientes em todo o mundo. Na China, o governo emitiu uma série de medidas e subsídios para promover a indústria de veículos baseados em novas energias. Como resultado, a produção e as vendas de veículos de novas energias aumentaram bastante e o negócio de leasing financeiro dos mesmos teve um desenvolvimento rápido. Atualmente, a taxa de inserção geral do financiamento de automóveis da China é de cerca de 38%, entre os quais o leasing financeiro constitui apenas 2%. Assim, o negócio de leasing financeiro de veículos de novas energias ainda está em sua infância, sendo o mercado disponível neste sector bastante amplo. No entanto, existem riscos no negócio de leasing financeiro de veículos de novas energias, incluindo os riscos financeiros e ambientais. Esta tese considera o negócio de leasing financeiro de veículos de novas energias, da SQ Company, como um caso de estudo. Com base na leitura e na análise da literatura científica, esta tese dividiu os riscos do leasing financeiro de veículos de novas energias em risco financeiro e risco ambiental, e usou o modelo CAMELS para avaliar de forma abrangente os riscos. Depois de analisar os riscos, esta tese apresentou as estratégias para encarar os problemas de risco e as medidas de transferência de risco com base em estratégias de preços. Entre elas, as estratégias de combate ao risco incluem receitas de negócios diversificadas, modelos de negócios inovadores para o leasing de financiamento de veículos de novas energias e melhoria do sistema de gestão de risco da empresa. |
| dc.format.none.fl_str_mv | application/pdf application/octet-stream |
| dc.identifier.none.fl_str_mv | http://hdl.handle.net/10071/25956 |
| dc.language.none.fl_str_mv | eng |
| dc.rights.none.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| dc.subject.none.fl_str_mv | New energy vehicles Financial leasing Risk analysis Pricing strategy Veículos baseados em novas energias Leasing financeiro Gestão de risco Estratégia de preços |
| dc.title.fl_str_mv | The pricing strategy and risk management of financial leasing: A case study of the new energy vehicle business |
| dc.type.none.fl_str_mv | http://purl.org/coar/resource_type/c_db06 |
| description | 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. |
| dirty | 0 |
| eu_rights_str_mv | openAccess |
| format | doctoralThesis |
| id | iscte_7ea413aedb53cda38ce3a41bb97cb0b1 |
| identifier.url.fl_str_mv | http://hdl.handle.net/10071/25956 |
| instacron_str | iscte |
| institution | ISCTE |
| instname_str | ISCTE |
| language | eng |
| network_acronym_str | iscte |
| network_name_str | Repositório ISCTE |
| oai_identifier_str | oai:repositorio.iscte-iul.pt:10071/25956 |
| organization_str_mv | urn:organizationAcronym:iscte |
| person_str_mv | Yang Lvzhou |
| publishDate | 2022 |
| reponame_str | Repositório ISCTE |
| repository_id_str | urn:repositoryAcronym:iscte |
| service_str_mv | urn:repositoryAcronym:iscte |
| spelling | porFinancial 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.porO leasing financeiro, é um produto financeiro inovador que combina negociação, financiamento e leasing, e que ultimamente tornou-se um dos cinco pilares da indústria do mercado financeiro global. Depois de mais de 30 anos de desenvolvimento na China, o leasing financeiro melhorou em termos de número de empresas a adotar este negócio, o valor do negócio, as políticas legais, o ambiente de mercado. No entanto, devido à complexidade da indústria de leasing financeiro, as operações irregulares e os mercados imaturos são geralmente acompanhados por certos riscos. Tendo em consideração as questões ambientais e a tendência “verde”, os veículos movidos por novas energias, têm despertado a atenção dos clientes em todo o mundo. Na China, o governo emitiu uma série de medidas e subsídios para promover a indústria de veículos baseados em novas energias. Como resultado, a produção e as vendas de veículos de novas energias aumentaram bastante e o negócio de leasing financeiro dos mesmos teve um desenvolvimento rápido. Atualmente, a taxa de inserção geral do financiamento de automóveis da China é de cerca de 38%, entre os quais o leasing financeiro constitui apenas 2%. Assim, o negócio de leasing financeiro de veículos de novas energias ainda está em sua infância, sendo o mercado disponível neste sector bastante amplo. No entanto, existem riscos no negócio de leasing financeiro de veículos de novas energias, incluindo os riscos financeiros e ambientais. Esta tese considera o negócio de leasing financeiro de veículos de novas energias, da SQ Company, como um caso de estudo. Com base na leitura e na análise da literatura científica, esta tese dividiu os riscos do leasing financeiro de veículos de novas energias em risco financeiro e risco ambiental, e usou o modelo CAMELS para avaliar de forma abrangente os riscos. Depois de analisar os riscos, esta tese apresentou as estratégias para encarar os problemas de risco e as medidas de transferência de risco com base em estratégias de preços. Entre elas, as estratégias de combate ao risco incluem receitas de negócios diversificadas, modelos de negócios inovadores para o leasing de financiamento de veículos de novas energias e melhoria do sistema de gestão de risco da empresa.application/pdfapplication/octet-streamengporThe pricing strategy and risk management of financial leasing: A case study of the new energy vehicle businessYang LvzhouHandlehttp://hdl.handle.net/10071/25956ISBNIsPartOf978-989-781-704-5DOIurn:tid:101580029URNTID:1015800292022-05-162022-05-16T00:00:00Z2021-12http://purl.org/coar/access_right/c_abf2open accessporNew energy vehiclesporFinancial leasingporRisk analysisporPricing strategyporVeículos baseados em novas energiasporLeasing financeiroporGestão de riscoporEstratégia de preços1650701 bytes467566 byteshttp://purl.org/coar/access_right/c_abf2application/pdffulltexthttps://repositorio.iscte-iul.pt/bitstreams/46312073-554e-4fa7-97e6-e6cee85229dd/downloadhttp://purl.org/coar/access_right/c_abf2application/octet-streamfulltexthttps://repositorio.iscte-iul.pt/bitstreams/6922aace-8f79-41e7-b785-377911e9260a/downloadother research producthttp://purl.org/coar/resource_type/c_db06doctoral thesis |
| spellingShingle | The pricing strategy and risk management of financial leasing: A case study of the new energy vehicle business Yang Lvzhou New energy vehicles Financial leasing Risk analysis Pricing strategy Veículos baseados em novas energias Leasing financeiro Gestão de risco Estratégia de preços |
| status | SINGLETON |
| subject.fl_str_mv | New energy vehicles Financial leasing Risk analysis Pricing strategy Veículos baseados em novas energias Leasing financeiro Gestão de risco Estratégia de preços |
| title | The pricing strategy and risk management of financial leasing: A case study of the new energy vehicle business |
| title_full | The pricing strategy and risk management of financial leasing: A case study of the new energy vehicle business |
| title_fullStr | The pricing strategy and risk management of financial leasing: A case study of the new energy vehicle business |
| title_full_unstemmed | The pricing strategy and risk management of financial leasing: A case study of the new energy vehicle business |
| title_short | The pricing strategy and risk management of financial leasing: A case study of the new energy vehicle business |
| title_sort | The pricing strategy and risk management of financial leasing: A case study of the new energy vehicle business |
| topic | New energy vehicles Financial leasing Risk analysis Pricing strategy Veículos baseados em novas energias Leasing financeiro Gestão de risco Estratégia de preços |
| topic_facet | New energy vehicles Financial leasing Risk analysis Pricing strategy Veículos baseados em novas energias Leasing financeiro Gestão de risco Estratégia de preços |
| url | http://hdl.handle.net/10071/25956 |
| visible | 1 |