Login Register Cart 0
Generic placeholder image

Recent Patents on Engineering

Editor-in-Chief

ISSN (Print): 1872-2121
ISSN (Online): 2212-4047

Back
Journal Home About Journal Editorial Board Journal Insight Current Issue Volumes/Issues
Subscribe
Research Article

An Empirical Study on the Impact of Supply Chain Finance on the Performance of the Automobile Industry in the Post-covid-19 Era

In Press, (this is not the final "Version of Record"). Available online 11 October, 2023
Author(s): Xiaowen Li and Jun Chen*
Published on: 11 October, 2023

Article ID: e111023222034

DOI: 10.2174/0118722121232518231006111435

Price: $95

Abstract

Background: In recent years, trade on credit has become increasingly common around the world, exposing companies in the supply chain to significantly increased financial risk due to extended billing periods. As an innovative financing model, supply chain finance (SCF) has received a lot of attention.

Objective: The goal of this work is to examine the impact of supply chain finance on the performance of the automobile industry in the post-covid-19 era.

Methods: After an in-depth understanding of the relevant theoretical literature, two models of inquiry are established in this paper, and the relevant data are collected from the CSMAR database for a sample of some enterprises in the automotive industry in the listed market, followed by an empirical analysis using the Stata 16.0. Then, the fixed effects model (FEM) and difference-indifference model (DID) are used to test the hypothesis.

Results: The results show a significant impact of supply chain finance on the performance of automobile firms. It is effective in improving the flow of funds and contributes to the performance of enterprises in the automotive industry.

Conclusion: In the context of the pandemic, supply chain finance can effectively help enterprises reduce the risk of bankruptcy due to capital rupture and provide a guarantee for the sustainable development of automobile industry enterprises.

[1]
Z. Ali, B. Gongbing, and A. Mehreen, "Predicting supply chain effectiveness through supply chain finance", Int. J. Logist. Manag., vol. 30, no. 2, pp. 488-505, 2019.
[http://dx.doi.org/10.1108/IJLM-05-2018-0118]
[2]
R.M. Bushman, and A.J. Smith, "Financial accounting information and corporate governance", J. Account. Econ., vol. 32, no. 1-3, pp. 237-333, 2001.
[http://dx.doi.org/10.1016/S0165-4101(01)00027-1]
[3]
M.L. Gomm, "Supply chain finance: Applying finance theory to supply chain management to enhance finance in supply chains", Int. J. Logist., vol. 13, no. 2, pp. 133-142, 2010.
[http://dx.doi.org/10.1080/13675560903555167]
[4]
S.G. Timme, and C. Williams, "The financial-SCM connection", Supply Chain Manag., vol. 4, no. 2, pp. 33-40, 2000.
[5]
D. Lanier Jr, W.F. Wempe, and Z.G. Zacharia, "Concentrated supply chain membership and financial performance: Chain- and firm-level perspectives", J. Oper. Manage., vol. 28, no. 1, pp. 1-16, 2010.
[http://dx.doi.org/10.1016/j.jom.2009.06.002]
[6]
W.S. Randall, and F.M. Theodore II, "Supply chain financing: Using cash‐to‐cash variables to strengthen the supply chain", Int. J. Phys. Distrib. Logist. Manag., vol. 39, no. 8, pp. 669-689, 2009.
[http://dx.doi.org/10.1108/09600030910996314]
[7]
A. Ghadge, S. Dani, M. Chester, and R. Kalawsky, "A systems approach for modelling supply chain risks", Supply Chain Manag., vol. 18, no. 5, pp. 523-538, 2013.
[http://dx.doi.org/10.1108/SCM-11-2012-0366]
[8]
P.C. Patel, A. Azadegan, and L.M. Ellram, "The effects of strategic and structural supply chain orientation on operational and customer-focused performance", Decis. Sci., vol. 44, no. 4, pp. 713-753, 2013.
[http://dx.doi.org/10.1111/deci.12034]
[9]
Z. Ali, B. Gongbing, A. Mehreen, and U. Ghani, "Predicting firm performance through supply chain finance: A moderated and mediated model link", Int. J. Logist., vol. 23, no. 2, pp. 121-138, 2020.
[http://dx.doi.org/10.1080/13675567.2019.1638894]
[10]
Y.F. Hu, and S.Q. Huang, "Supply chain finance: Background, innovation and concept definition", Finance Res., vol. 8, pp. 194-206, 2009.
[11]
J.H. Yan, and X.J. Xu, "Analysis of SME financing models based on supply chain finance", Shanghai Finance, vol. 02, pp. 14-16, 2007.
[12]
T. Zhang, C.Y. Zhang, and Q. Pei, "Misconception of providing supply chain finance: Its stabilising role", Int. J. Prod. Econ., vol. 213, pp. 175-184, 2019.
[http://dx.doi.org/10.1016/j.ijpe.2019.03.008]
[13]
K.Y. Zhang, "Current research development in supply chain finance at home and abroad", Mod. Manag. Sci, vol. 8, pp. 79-81, 2018.
[14]
K. Tian, X.T. Zhuang, and W.Y. Zhao, "Credit risk assessment of SMEs under supply chain finance model: Based on data analysis of automotive manufacturing industry", J. Ind. Econ., vol. 40, pp. 15-20, 2021.
[15]
W.R. Kong, "A study on the impact of supply chain finance on the financing constraints of automotive manufacturing SMEs", J. Manage., vol. 5, pp. 34-45, 2021.
[16]
F.M. Theodore II, and P.D. Hutchison, "Cash‐to‐cash: The new supply chain management metric", Int. J. Phys. Distrib. Logist. Manag., vol. 32, no. 4, pp. 288-298, 2002.
[http://dx.doi.org/10.1108/09600030210430651]
[17]
E. Hofmann, and H. Kotzab, "A supply chain-oriented approach of working capital management", J. Bus. Logist., vol. 31, no. 2, pp. 305-330, 2010.
[http://dx.doi.org/10.1002/j.2158-1592.2010.tb00154.x]
[18]
D.A. Wuttke, C. Blome, K. Foerstl, and M. Henke, "Managing the innovation adoption of supply chain finance empirical evidence from six European case studies", J. Bus. Logist., vol. 34, no. 2, pp. 148-166, 2013.
[http://dx.doi.org/10.1111/jbl.12016]
[19]
L.M. Gelsomino, R. Mangiaracina, A. Perego, and A. Tumino, "Supply chain finance: A literature review", Int. J. Phys. Distrib. Logist. Manag., vol. 46, no. 4, pp. 76-84, 2016.
[http://dx.doi.org/10.1108/IJPDLM-08-2014-0173]

Rights & Permissions Print Cite
© 2024 Bentham Science Publishers | Privacy Policy