Mechanism of How Relational Capital Affects Supply Chain Financing in Complex Supply Chain Network——Examining a Moderated Multi-mediation Model

Abstract

Abstract:

From the perspective of complex supply chain network, this paper studies middle and small-sized enterprises (SMEs) in various nodes of supply chain network, on the basis of "resources-structure-behavior-performance", to explore the mechanism of how relational capital affects supply chain financing of SMEs. Meanwhile, empirical study is conducted by building a multi-group SEM to discuss the com-plexity verifications' potential regulatory function to complexity verification of supply chain networks. The results show that:(1) Relational capital has positive and significant influence on supply chain financing; (2) Multiple chain mediated effects based on supply chain design and supply chain integration are verified by empirical study. Meanwhile, it is found from the analysis results between "relational capital-supply chain design-supply chain financing" and "relational capital-supply chain integration-supply chain financing" that the mediating effects of two specific variables have significant differences;(3) The complexity verification of supply chain networks has regulatory function to the chain of mechanism of capital relationship to supply chain financing in enterprises. The higher the complexity verification of supply chain networks, the achievement of supply chain finance in SME relies more on the mechanism of "relational capital-supply chain design-supply chain integration-supply chain financing". This means that on the one hand, SMEs need to improve the accumulation of their own re-lationship capital in the complex supply chain network and on the other hand, they also need to strengthen their location optimization in the network and improve the level of supply chain integration, so as to promote their supply chain financing frequency.

Key words: complex supply chain network, relational capital, supply chain financing, supply chain design, supply chain integration

Hu Haiqing, Xue Meng, Zhang Lang, Zhang Dan. Mechanism of How Relational Capital Affects Supply Chain Financing in Complex Supply Chain Network——Examining a Moderated Multi-mediation Model[J]. , 2020, 32(1): 262-274.

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