The Impact of Supply Chain Finance on Integrated Business Performance of New Energy Vehicle Enterprises
Article Information
Abstract
With the rapid development of the new energy vehicle (NEV) industry, supply chain finance (SCF) has become one of the key factors promoting the prosperity of this industry. Based on in total 884 samples, this study investigates the impact of SCF on the integrated business performance of NEV enterprises. Through empirical analysis, it is confirmed that SCF significantly and positively affects the integrated business performance. In addition, the results of the mediation effect test indicate that by alleviating financing constraints of small and medium-sized enterprises, SCF enables the improvement of firms' overall business performance. These findings provide new insights to NEV enterprises' financing and reference for policy-makers.
Graphical Abstract
Keywords
Funding
References
- Liebl, J., Hartmann, E., & Feisel, E. (2016). Reverse factoring in the supply chain: objectives, antecedents and implementation barriers. International Journal of Physical Distribution & Logistics Management, 46(4).
[Google Scholar] - Hu, Y. F., & Huang, S. H.. (2009). Supply chain finance: Background, innovation and conceptualization. Financial Studies (08), 194-206.
[Google Scholar] - Song, H.. (2015). Emerging Technologies and "Industrial Supply Chain Plus"–Intelligent Supply Chain Innovation under "Internet Plus". People’s Forum - Academic Frontier (22).
[Google Scholar] - Gelsomino, L. M., Mangiaracina, R., Perego, A., & Tumino, A. (2016). Supply chain finance: a literature review. International Journal of Physical Distribution & Logistics Management, 46(4).
[Google Scholar] - Chakuu, S., Masi, D., & Godsell, J. (2017). A systematic literature review on supply chain finance actors, instruments and processes. management, 10, 13.
[Google Scholar] - Wuttke, D. A., Blome, C., & Henke, M. (2013). Focusing the financial flow of supply chains: An empirical investigation of financial supply chain management. International journal of production economics, 145(2), 773-789.
[Google Scholar] - Gunasekaran, A., Patel, C., & Tirtiroglu, E. (2001). Performance measures and metrics in a supply chain environment. International journal of operations & production Management, 21(1/2), 71-87.
[Google Scholar] - Pourvasei, A., Pakdel, G., & Rostami, A. (2014). The relationship between supply chain management and financial performance. Asian Journal of Research in Banking and Finance, 4(11), 1-16.
[Google Scholar] - Wetzel, P., & Hofmann, E. (2020). Toward a multi-sided model of service quality for logisticsservice providers. Administrative Sciences, 10(4), 79.
[Google Scholar] - Zhang, X. & Xie, D.(2010). Research on the impact of supply chain finance on enterprise performance. China Circulation Economy, 24(05):38-40.
[Google Scholar] - Zhang, S., Niu, S. & Yang J.(2013). Research on performance evaluation of small and medium-sized enterprises under supply chain finance model. Accounting Friends,(20):28-31.
[Google Scholar] - Zhu, Y. (2017). Exploring the Performance Evaluation of Supply Chain Finance SMEs - Based on EVA Perspective. China business theory,(24):151-155.
[Google Scholar] - Han, J.(2018). Empirical analysis of the relationship between supply chain finance, financial information quality and corporate financing performance. Statistics and Decision Making, 34(19):182-185.
[Google Scholar] - Zheng, Z. & Huang, X. (2018). Performance evaluation of small and medium-sized enterprises in supply chain finance model. Journal of Anqing Normal University (Social Science Edition), 37(02):78-81.
[Google Scholar] - Luo, M. (2019). A comparative study of supply chain finance and bank lending affecting the financing performance of small and medium-sized enterprises. Marketing world, (39):37+294.
[Google Scholar] - Li, X.,Zheng, X. & Liu, J. (2020). How sustainable supply chain finance affects the financing performance of small and medium-sized enterprises (SMEs)-based on the perspective of environmental regulation. Financial Regulation Research, (03):70-84.
[Google Scholar] - Zhang, W. & Liu, K. (2012). Can supply chain finance development reduce the financing constraints of small and medium-sized enterprises? –An empirical analysis based on small and medium-sized listed companies. Economic Science, (03):108-118.
[Google Scholar] - Han, M. & Gao, X. (2017). The mitigating effect of supply chain finance on corporate financing constraints - a comparative analysis of production and financing enterprises and non-production and financing enterprises. Research on Financial Economics,2017,32(04):59-69.
[Google Scholar] - Yao, W., Xia, J. & Sun, T.(2017). Research on financing constraints of science and technology-based small and medium-sized enterprises and their mitigation under the perspective of supply chain finance. Science and Technology Progress and Countermeasures,34(04):105-110.
[Google Scholar] - Wen, Z., Zhang, L., Hou, J., ....(2004). Mediation effects test program and its application. Journal of Psychology, 2004(5): 614-620.
[Google Scholar] - Jiang, B.(2022). Mediating and moderating effects in empirical studies of causal inference. China Industrial Economy, 2022,(05): 100-119.
[Google Scholar]
Cite This Article
TY - JOUR AU - Wang, Chunsheng AU - Zhou, Shuyan AU - Ye, Jing AU - Hu, Haohan AU - Wu, Xuetong AU - He, Zhangcai AU - Ding, Hong PY - 2024 DA - 2024/10/24 TI - The Impact of Supply Chain Finance on Integrated Business Performance of New Energy Vehicle Enterprises JO - ICCK Transactions on Internet of Things T2 - ICCK Transactions on Internet of Things JF - ICCK Transactions on Internet of Things VL - 2 IS - 4 SP - 63 EP - 73 DO - 10.62762/TIOT.2024.262824 UR - https://www.icck.org/article/abs/TIOT.2024.262824 KW - new energy vehicles KW - supply chain finance KW - integrated business performance KW - intermediary effect AB - With the rapid development of the new energy vehicle (NEV) industry, supply chain finance (SCF) has become one of the key factors promoting the prosperity of this industry. Based on in total 884 samples, this study investigates the impact of SCF on the integrated business performance of NEV enterprises. Through empirical analysis, it is confirmed that SCF significantly and positively affects the integrated business performance. In addition, the results of the mediation effect test indicate that by alleviating financing constraints of small and medium-sized enterprises, SCF enables the improvement of firms' overall business performance. These findings provide new insights to NEV enterprises' financing and reference for policy-makers. SN - pending PB - Institute of Central Computation and Knowledge LA - English ER -
@article{Wang2024The,
author = {Chunsheng Wang and Shuyan Zhou and Jing Ye and Haohan Hu and Xuetong Wu and Zhangcai He and Hong Ding},
title = {The Impact of Supply Chain Finance on Integrated Business Performance of New Energy Vehicle Enterprises},
journal = {ICCK Transactions on Internet of Things},
year = {2024},
volume = {2},
number = {4},
pages = {63-73},
doi = {10.62762/TIOT.2024.262824},
url = {https://www.icck.org/article/abs/TIOT.2024.262824},
abstract = {With the rapid development of the new energy vehicle (NEV) industry, supply chain finance (SCF) has become one of the key factors promoting the prosperity of this industry. Based on in total 884 samples, this study investigates the impact of SCF on the integrated business performance of NEV enterprises. Through empirical analysis, it is confirmed that SCF significantly and positively affects the integrated business performance. In addition, the results of the mediation effect test indicate that by alleviating financing constraints of small and medium-sized enterprises, SCF enables the improvement of firms' overall business performance. These findings provide new insights to NEV enterprises' financing and reference for policy-makers.},
keywords = {new energy vehicles, supply chain finance, integrated business performance, intermediary effect},
issn = {pending},
publisher = {Institute of Central Computation and Knowledge}
}
Article Metrics
Publisher's Note
ICCK stays neutral with regard to jurisdictional claims in published maps and institutional affiliations.
Rights and Permissions
Portico