The Correlation Among Supply Chain Finance, Supply Chain Relationship and Business Performance – The Study of the Steel Industry

• Main Authors: Ching Cheng, 鄭晴
• Other Authors: Chiung-Feng Ko
• Format: Others
• Language: zh-TW
• Published: 2015
• Online Access: http://ndltd.ncl.edu.tw/handle/th3a5r

碩士 === 東吳大學 === 會計學系 === 103 === Company usually uses contract as a tactic to engage in supply chain with both upstream and downstream to maintain its profitability and liquidity.This study has dubbed the trade credit system that utilizes accounts payable and accounts receivable as a way of financing as Supply Chain Finance. In such system, the position in the industry or the negotiation ability possessed could affect the trading conditions and eventually influence the business performance. The study analyzes the steel industry in both Taiwan and China from 1993 ~ 2013 to assess the correlation between supply chain finance, supply chain relationships, and business performance. The results of the study are aligned with the financing theory of supply chain finance, which indicates that there is a positive relation between business performance and both the changes in receivables and payables. However, in terms of the market power theory, only China steel companies show a positive correlation with their business performance. In the end, the study has proved the existence of a strong positive correlation between the business performance and the level of position in its supply chain relationship in both the Taiwan and China market.