The Influence of Supply Chain Partner Characteristics on Supply Chain Financing in Perspective of Network Capacity Variance——Intermediary Role of Relational Capital

Abstract

Abstract:

This paper studies middle and small-sized enterprises in various nodes of supply chain network. From the perspective of complex network, a model with relational capital as intervening variable is constructed to analyze the relationship between partner characteristics and supply chain financing. Besides, empirical study is conducted by building multi-group SEM to discuss its potential regulatory function to network capacity of middle and small-sized enterprises. Findings are as follows. Firstly, compatibility of goals and resource complementarities have positive and significant influence on relational capital and supply chain financing. Meanwhile, culture compatibility has no direct influence on supply chain financing. However, it positively and significantly affects relational capital. Secondly, relational capital has positive and significant influence on supply chain financing. In addition, it plays certain intermediary function in the relationship between supply chain partner characteristic and supply chain financing. Finally, network capacity has regulatory function to the chain of partner recognition-capital accumulation-supply chain financing (frequency). The stronger the network capacity of middle and small-sized enterprises, the richer the relational capital accumulation, the better the transformation capability to performance, the higher the frequency of supply chain financing.

Key words: supply chain partner characteristics, supply chain financing, relational capital, network capacity

Xue Meng, Hu Haiqing, Zhang Lang, Zhang Dan. The Influence of Supply Chain Partner Characteristics on Supply Chain Financing in Perspective of Network Capacity Variance——Intermediary Role of Relational Capital[J]. , 2018, 30(6): 238-250.

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