An empirical study on the impact of supply chain finance on the cost and performance of automobile enterprises

供应链金融对汽车企业成本与绩效影响的实证探究

Name: Bowen Cen

LCSH: Supply chain management

LCSH: Manufacturing processes -- Case studies

LCSH: Difference (philosophy)

LCSH: Finance

Abstract: In recent years, the emergence of many adverse factors, such as the new crown epidemic, the shortage of chips, and the rise in raw materials, has brought great challenges to the automotive manufacturing industry. Previous studies focused on supply chain finance as a means of financing to improve enterprise performance, but in fact, supply chain finance has a variety of functions, including financing function, management function and coordination function, and so on. This study focuses on the differences between the impact of different functions on enterprises. Taking the financial data of China's A-share listed vehicle manufacturing enterprises from 2016 to 2022 as the research sample, this study employs the fixed effect model to analyze the impact of different functions of Supply Chain Finance on enterprise performance, and proves the advantage of the financial attribute of supply chain finance in terms of cost. The results showed that supply chain finance can effectively reduce the cost of enterprises from the perspective of finance. When the financial leverage of enterprises is too high, supply chain finance is negatively correlated with enterprise performance. Supply chain finance from the perspective of supply chain can not only directly promote the improvement of enterprise performance, but also promote the improvement of enterprise performance by accelerating the circulation of goods

Abstract: 近年来新冠疫情、芯片紧缺、原材料上涨等诸多不利因素的出现给汽车制 造行业带来了不小的挑战。以往的研究侧重关注将供应链金融作为一种融资手 段去提高企业绩效，但实际上供应链金融具有多种功能，包括融资功能、管理 功能与协调功能等等，不同的功能对企业的影响有何区别是本文研究的重点。 本文将我国A 股上市整车制造企业2016-2022 年度财务数据作为研究样本，采 用固定效应模型分析了不同功能供应链金融对企业绩效的影响，证明了供应链 金融的金融属性在成本方面的优势。分析结果显示，金融视角下供应链金融能 有效降低企业的成本，企业财务杠杆过高时金融视角下供应链金融与企业绩效 负相关，供应链视角下供应链金融既可以直接促进企业绩效的提高，又可以通 过加速商品流通来促进企业绩效的提高。

Rangsit University. Rangsit University Library

Address: PATHUM THANI

Email: rattanapornn@rsu.ac.th

Name: Jin Maozhu

Role: Advisor

Created: 2023

Modified: 2568-08-01

Issued: 2025-08-01

วิทยานิพนธ์/Thesis

application/pdf

chi

DegreeName: Master of Business Administration

Level: Master's Degree

Descipline: Business Management

Grantor: Rangsit University

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