Abstract

Based on the cognitive behavior theory, this study builds a “cognitive-behavior-performance” model to analyze the path that strategic consensus among enterprises influences supply chain financing performance through supply chain integration, and the moderating role of strategic flexibility in it. The analysis was performed using SPSS. Based on the data of 469 small and medium-sized enterprises, the results show that :(1) the stronger the strategic consensus among enterprises, the higher the performance of supply chain financing;(2) strategic consensus among enterprises can promote supply chain financing performance through supply chain integration;(3) strategic flexibility is beneficial to enhance the positive effect of supply chain integration on supply chain financing performance. This means that SMEs should enhance strategic mutual trust and cooperation and communication with core enterprises, strengthen their competitiveness to improve the integration level of supply chain, and pay attention to the changes of external environment to maintain strategic flexibility, so as to lay a solid foundation for the improvement of supply chain financing performance.

Highlights

  • As the largest and most active part of the market, SMEs are an important part of China’s economic development

  • This paper mainly studies the external integration of supply chain

  • The research draws the following conclusions: the stronger the strategic consensus among enterprises, the higher the performance of supply chain financing; strategic consensus among enterprises can promote supply chain financing performance through supply chain integration; strategic flexibility is beneficial to enhance the positive effect of supply chain integration on supply chain financing performance

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Summary

Introduction

As the largest and most active part of the market, SMEs are an important part of China’s economic development. The development of small and medium-sized enterprises has been difficult, expensive financing and other problems shackles This is mainly due to the constraints of small and medium-sized enterprises’ short operation time, small scale, few mortgageable assets and other factors, as well as the existence of certain information asymmetry between small and medium-sized enterprises and financial institutions, leading to a lot of information of small and medium-sized enterprises is difficult to quantify evaluation, difficult to meet the loan standards of financing institutions. Under this background, supply chain finance appears. Based on the cognitive behavior theory, this study builds a “cognitive-behavior-performance” model, explores the way that strategic consensus among enterprises influences supply chain financing performance through supply chain integration, and the moderating role of strategic flexibility in this way, so as to provide reference for supply chain finance in theory and practice

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