Research on the Impact of Supply Chain Finance on the Financing Constraints of Cultural Enterprises Research on the Impact of Supply Chain Finance on the Financing Constraints of Cultural Enterprises

2022 ◽  
Vol 10 (1) ◽  
pp. 255-270 ◽  
Author(s):  
Trong Lam Vu ◽  
Duy Nhien Nguyen ◽  
Tuan Anh Luong ◽  
Thi Thanh Xuan Nguyen ◽  
Thi Thai Thuy Nguyen ◽  
...  

The purpose of the article is to evaluate the factors affecting supply chain finance and the influence of supply chain finance on supply chain financing performance and SMEs performance in Vietnam. The study was conducted on 856 small and medium enterprises in Vietnam for 3 consecutive months. The data is processed by Smart PLS 3.3.6 software, the results show that credit quality, supply chain integration, information sharing, and information technology all have a statistically significant impact on supply chain finance. Besides, supply chain finance has a statistically significant impact on supply chain financing performance and SMEs performance. Finally, the innovation capability and the market response capability act as full mediators in the relationship between supply chain finance and supply chain financing performance. Based on the research results, we propose solutions and recommendations to help small and medium enterprises better access capital and improve business performance.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mauro Fracarolli Nunes ◽  
Camila Lee Park ◽  
Ely Paiva

PurposeThe study investigates supply chain leaders’ initiatives to support their partners in the early stages of the coronavirus disease-2019 (COVID-19) pandemic, identifying measures taken to increase supply chain resilience and their impact on the quality of supply chain relationships.Design/methodology/approachTwo complementary phases are employed. First, an exploratory approach is adopted, with the method of discourse analysis being employed in the identification of the supplier crisis response strategies by S&P500’s top 30 firms. Second, two scenario-based experiments with 983 participants evaluated the impact of such strategies in two dimensions of supply chain relationships’ quality (supplier satisfaction and supplier commitment).FindingsPhase one revealed five initiatives’ groups adopted: safety measures, innovative tools, information and knowledge sharing, supply chain finance and supply chain continuity. Phase two results indicate that supplier crisis response strategies have positive effects on both supplier satisfaction and commitment. Data also suggest that safety measures, innovative tools, and information and knowledge sharing strategies negatively impacted supplier satisfaction and commitment, when compared with strategies adopted by other buying firms competing for the same supplier. Supply chain continuity was negatively associated with both dimensions when other buying firms implemented innovative tools and information and knowledge sharing strategies with their suppliers, while supply chain finance yielded in no differences in comparison to strategies adopted by competing buying firms.Originality/valueThe authors offer a theoretical typology for supply chain resilience (i.e. natural and artificial), providing support for buying firms’ decisions regarding supplier crisis response strategies through the strengthening of artificial supply chain resilience to increase the likelihood of vulnerable key suppliers’ survival.


2021 ◽  
pp. 1-18
Author(s):  
JINGJING CHEN ◽  
SHIYI CHEN ◽  
QINGFU LIU ◽  
MI SHEN

Supply chain finance refers to the financial service model in which banks rely on core enterprises to manage the capital flow and logistics of upstream and downstream small- and medium-sized enterprises (SMEs). It adopts the self-testing and closed-loop credit model to control funds and risks. It is an efficient route for SMEs to solve the problem of financing. However, at present, the market of supply chain finance in China still faces problems such as the inability of credit disassembly of core enterprises, which seriously hinder the development of the supply chain finance industry. Blockchain technology featuring decentralization, tamper-proofing and traceability had been widely adopted in the field of finance and provided a new vision to solve the bottleneck for the development of supply chain finance. In this paper, with regard to the characteristics of supply chain finance, we propose a novel blockchain-driven architecture to reshape the business process of supply chain finance, and we introduce the underlying technical implementations in detail. Our contributions in this paper include (1) proposing a novel technical architecture of blockchain-driven supply chain finance management system and detailing its underlying implementations; (2) designing the mechanism of the credit disassembly, which is implemented by blockchain technology, to improve financing efficiency; and (3) exploring the impact and potential of blockchain technology in traditional business models (e.g., receivables financing, inventory financing and prepayment financing) in supply chain finance.


2021 ◽  
Vol 2021 ◽  
pp. 1-13
Author(s):  
Wentao Chen ◽  
Zhenlin Li ◽  
Zhuoxin Xiao

Existing research on credit risk contagion of supply chain finance pays more attention to the influence of network internal structure on the process of risk contagion. The spread of COVID-19 has had a huge impact on the supply chain, with a large number of enterprises experiencing difficulties in operation, resulting in increased credit risks in supply chain finance. Under the impact of the epidemic, this paper explores the transmission speed and steady state of credit risk when the supply chain finance network is affected by external impact so that we can have a more complete understanding of the ability of supply chain finance to resist risks. The simulation results show that external shocks of different degrees will increase the number of initial infected enterprises and lead to the increase in credit risk contagion speed but have no significant impact on network steady state; the speed of credit risk contagion is positively correlated with network complexity but not significantly affected by network size; core enterprises infected will increase the rate of credit risk contagion. The intensity of policy intervention has obvious curative effect on the risk caused by external shock. When the supply chain financial network is affected by external shocks, the intensity, time, and pertinence of policy response can effectively prevent the credit risk contagion.


2020 ◽  
Vol 214 ◽  
pp. 03004
Author(s):  
Li Wang ◽  
Huimin Wang ◽  
Jian Wang

Based on the background of continuous increasing external economic uncertainty, this paper builds GARCH-MIDAS model to explore the volatility of copper price caused by global economic policy uncertainty in copper supply chain finance and analyzes the changes of refined copper supply and demand caused by this volatility. It is found that the increases of economic policy uncertainty will enhance the long- term volatility of copper. Moreover, the violent fluctuation of copper price caused by the impact of powerful economic policy uncertainty will weaken the demand confidence of refined copper market and lead to the phenomenon of oversupply. On the contrary, the moderate fluctuation of copper price due to the impact of weak economic policy uncertainty will boost the demand confidence of refined copper market and lead to the phenomenon of short supply.


2020 ◽  
Vol 63 ◽  
pp. 101402 ◽  
Author(s):  
Ailing Pan ◽  
Lei Xu ◽  
Bin Li ◽  
Runze Ling

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-23
Author(s):  
Qiang Wei ◽  
Xinyu Gou ◽  
Tianyu Deng ◽  
Chunguang Bai

Collusion can increase the transaction value among supply chain members to obtain higher loans from supply chain finance (SCF) service provider, which will bring some serious risks for SCF. However, it is difficult to be identified and restrain the SCF service provider due to its stability and hiddenness. Different SCF transaction structures will affect the profits of supply chain members from collusion. This paper develops various game models for collusion and not collusion for different SCF transaction structures and investigates the impact of SCF transaction structures on the boundary conditions of collusion. Through comparative analysis, the findings of models are as follows: (1) in a two-echelon supply chain, the supplier and retailer are more likely to conduct collusion under the sequential game than under the simultaneous game; (2) collusion in the two-echelon supply chain can obtain higher loans than that in the three-echelon supply chain, so it has more serious hidden danger; (3) in the two-echelon supply chain, collusion is easier to form than in the three-echelon SCF supply chain that has spontaneous endogenous constraints. We also develop two types of mechanisms to restrain collusion behavior from profit sharing and incomplete information perspectives. Finally, we summarize the theoretical implications and analyze the management implications through a case study.


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