The impact of supply chain financing on SMEs performance in Global supply chain

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.

A bibliometric analysis of the supply chain finance research

The purpose of the article is to use biometric methods to perform a high-level analysis of research trend analysis on supply chain finance through 305 studies in the field of Business-Economics and Social Sciences published on the Scopus database for the period 2006-2021. The findings provide an overview of worldwide publication trends on the topic of supply chain finance, specifically: (i) the most cited studies; (ii) the most cited authors; (iii) the most influential journals; (iv) the main research keywords among which the network links; (v) leading research institutions and (vi) research collaboration trends among countries on supply chain finance. The study provides more scientific evidence about the current big picture of publication trends in the world, thereby suggesting and recommending future research directions on supply chain finance.

The effect of supply chain finance on supply chain risk, supply chain risk resilience, and performance of Vietnam SMEs in global supply chain

The purpose of the article is to examine the response of small and medium enterprises (SMEs) in Vietnam to supply chain finance and then have a strategy to use supply chain risk resilience to control supply chain risk and improve supply chain effectiveness and SMEs performance. The analysis results are based on three months of data collected from 890 SMEs in Vietnam. The results show that supply chain finance has a statistically significant positive impact on supply chain effectiveness, SMEs performance and supply chain risk resilience. At the same time, supply chain finance has a negative impact on the supply chain risk of Vietnam SMEs in the global supply chain. Finally, we offer recommendations to help SMEs improve supply chain effectiveness and performance through the supply chain finance tool.

Supply Chain Finance, Performance and Risk: How Do SMEs Adjust Their Buyer-Supplier Relationship for Competitiveness?

Supply chain finance (SCF) has attracted considerable attention being an innovative business model that allows firms, especially small- and medium-sized enterprises (SMEs), to convert illiquid assets into cash without incurring additional liabilities. However, its effects on SME performance and risk have been insufficiently studied. The competitiveness of SMEs depends on performance enhancement and risk mitigation. Thus, this study constructs a scaled-decile rank transformation of account receivable turnover to gauge the degree to which a supplier implements SCF, thereby examining the relationship between SCF, performance, and risk. We collect data on 4,679 SMEs from the Chinese manufacturing sector. Thereafter, hierarchical linear regression, a complex form of multiple linear regression analysis, is employed to test the hypotheses. The results indicate that an SME’s SCF adoption positively impacts its performance but negatively impacts its risk. To further explore cross-sectional variability, we investigated the buyer-supplier relationship’s moderating role. Results show that an increase in customer concentration strengthens both the positive effects of SCF on performance and the negative effects of SCF on risk. Overall, our study contributes to the literature on the interface of operations and finance in supply chains by exploring the multiple facets of SCF adoption and highlighting the moderating role of buyer-supplier relationship in SCF and SME competitiveness. Finally, we provide managerial implications for SMEs and financial service providers by validating the value of SCF implementation and the buyer-supplier relationship management in forging competitive advantages.

Incorporating ‘Mortgage-Loan’ Contracts into an Agricultural Supply Chain Model under Stochastic Output

This paper constructs an internal financing model in which the purchaser acts as the core leading enterprise to provide loans when the farmer has fixed assets as collateral. Numerical results show that the existence of fixed assets will increase the expected profit of the farmer, redistributing the risk and profit between the purchaser and the farmer. At the same time, the purchaser and the government are encouraged to provide more funds to the farmer with low value of its fixed assets, which will aid the overall return of the supply chain and the development of supply chain finance. In addition, under the framework of this model, the increase of agricultural production is beneficial to the farmer, not the purchaser. In the case of the same output level, we can alleviate this problem by selecting high-end agricultural products with high price elasticity of demand and high choking price so as to improve the profits of both purchaser and farmer.

SUPPLY CHAIN FINANCE EM PEQUENAS E MÉDIAS EMPRESAS: UM ESTUDO NO SETOR DE PANIFICAÇÃO BRASILEIRO

O acirramento da competitividade no setor de panificação industrial tornou essencial a análise das relações financeiras entre os elos de suas cadeias de suprimentos. Para tanto, as empresas têm adotado o Supply Chain Finance (SCF), que visa diminuir o risco de financiamento por meio da melhoria do capital de giro. Contudo, a adoção de práticas de SCF é normalmente negligenciada por pequenas e médias empresas (PME’s), que enfrentam dificuldades para obter financiamento junto a instituições financeiras. Logo, o objetivo deste estudo é identificar as principais barreiras ao financiamento de PME’s do setor de panificação brasileiro e o seu grau de maturidade em relação às práticas de SCF. Nesse sentido, desenvolveu-se um questionário estruturado que foi enviado por e-mail a organizações deste segmento. Os resultados demonstraram que as principais barreiras enfrentadas são o elevado custo de crédito e a burocracia excessiva, associadas ao risco de endividamento. Identificou-se, também, que há pouca maturidade acerca de práticas de SCF no setor, justificada pelo raro acompanhamento de qualquer indicador de desempenho financeiro associado às cadeias de suprimentos em que as empresas estão inseridas.