软科学
軟科學
연과학
Soft Science
2015年
3期
9~14
,共null页
供应链 资金营运 采购集中度 销售集中度 应付/应收账款周转天数 经营绩效
供應鏈 資金營運 採購集中度 銷售集中度 應付/應收賬款週轉天數 經營績效
공응련 자금영운 채구집중도 소수집중도 응부/응수장관주전천수 경영적효
supply chain; working capital turnover; purchasing concentration; sales concentration; accounts receivable/payable turnover; business performance
以中国制造行业1132家上市公司为样本,对供应链伙伴关系—企业内外部绩效—财务绩效模型进行了实证验证,揭示了供应链集中度、资金营运对经营绩效的影响。研究发现：采购的集中化和应付账款的及时性有利于加快企业的库存周转率,销售的集中化和应收/应付账款的及时性有利于提升企业的市场绩效。最后,相对于库存绩效,市场绩效则显著性提升了企业的财务绩效。
以中國製造行業1132傢上市公司為樣本,對供應鏈夥伴關繫—企業內外部績效—財務績效模型進行瞭實證驗證,揭示瞭供應鏈集中度、資金營運對經營績效的影響。研究髮現：採購的集中化和應付賬款的及時性有利于加快企業的庫存週轉率,銷售的集中化和應收/應付賬款的及時性有利于提升企業的市場績效。最後,相對于庫存績效,市場績效則顯著性提升瞭企業的財務績效。
이중국제조행업1132가상시공사위양본,대공응련화반관계—기업내외부적효—재무적효모형진행료실증험증,게시료공응련집중도、자금영운대경영적효적영향。연구발현：채구적집중화화응부장관적급시성유리우가쾌기업적고존주전솔,소수적집중화화응수/응부장관적급시성유리우제승기업적시장적효。최후,상대우고존적효,시장적효칙현저성제승료기업적재무적효。
This paper tests supply chain partnership-internal external performance-financial performance model through collecting data from 1132 public-listed manufacturers,and explores how supply chain concentration and working capital turnover influences business performance. The findings indicate that purchasing concentration and payable turnover positively impact inventory turnover,while sales concentration and receivable turnover positively enhance market performance. Finally,the research also shows that inventory turnover does not significantly impact financial performance,however,market performance does.
