供应链融资前置因素及其对营运资本的影响

摘要

This paper,taking the frequency of supply chain financing as the entry point,puts forward the relationship between pre-influencing factors of SMEs supply chain financing frequency and their impact on working capital management efficiency. By collecting 286 valid samples,the paper carries on an explanatory factor analysis and extraction on dimensions and evalua-tion items of relationship quality and relationship strength respectively. The paper obtains the following conclusions by using the path analysis:The key factors to enhance the frequency of supply chain financing are trust,communication,commitment, reciprocity,and persistence,and financing frequency has a significant positive impact on improving working capital manage-ment efficiency of SMEs. The study findings provide valuable suggestions for enhancing SMEs'working capital management efficiency.%文章以中小企业获得供应链融资的频率为切入点,提出中小企业供应链融资频率的前置影响因素构成关系及其对营运资本管理效率的影响.通过收集286个有效样本,分别对关系质量、关系强度的维度及评测项进行探索性因素分析、萃取,应用路径分析得到以下结论:信任、沟通、承诺、互惠程度及持久性是供应链融资频率得以提升的关键因素,且融资频率对提升中小企业营运资本管理效率起到显著的促进作用.得到的研究结论,将为中小企业在提升营运资本的管理效率提供有价值的管理建议.