Research On The Impact Of Cooperative Capability Of The Small And Medium-sized Enterprises On The Performance Of Supply Chain Financing

In the reports of the 19th National Congress of the Communist Party of China,reported opinions on deepening the reform of financial system and enhancing the financial serving capacity to SME’s.SMEs have also played a very important role in promoting employment,improving people’s livelihood,stabilizing the society,boosting the economic development and promoting innovations.Few financial channels may explain why financing is so difficult and expensive among SMEs in substantial economy.Supply chain finance is a strategic way to optimize the cash flow of SMEs.Because interfirm transactions and capital flows can vividly reflect the real state of enterprises,supply chain finance can effectively reduce the information asymmetry between borrowing and lending firms?,improve the financing performance of SMEs through cooperation among enterprises in supply chain.Enterprises are made of a series of valuable,scarce,inimitable and ireplaceable resources,which are the only source of their competitive advantages,As a unique resource,supply chain plays an important role in promoting firms’ financing performance.In reality,however,even in the same supply chain,some firms can get good financial siupport.Although previous studies have showed that supply chain finance can effectively improve the financing situation of SMEs,there are few studies focus on the impact of SMEs’ cooperation ability on financing performance in supply chain,let alone the study of internal mechanism.Meanwhile,by improving the integration of their own resources,enterprises play an important role in enhancing their core competitive advantages and obtaining good financial support.It is relatively scarce to explore the impact of SMEs’cooperation ability on resource integration through qualitative and quantitative methods,and then to improve the performance of SMEs’ supply chain financing.This study explores how SMEs enhance their financing performance in supply chain under the perspective of capacity and resource integration.Tnien we discuss how does SMEs’ cooperation ability affect the resource integration in supply chain?At last we study how does interaction between internal and external resource integration work,and how does it affect the financing performance of SMEs in supply chain?The following conclusions are drawn from this research:(1)SME relationship optimization ability plays an important role in improving its supply chain financing performance;(2)The ability of cooperative construction and relationship optimization of SMEs can have a positive impact on the financing performance of the supply chain through the external integration of supply chain,but the integration within the supply chain has no significant impact on the financing performance of the supply chain;(3)Without supply chain integration,the ability of cooperative construction and relationship optimization of SMEs can explain the financing performance of supply chain at the same time.(4)Supply chain external integration can predict supply chain financing performance without any variables.In the end,in order to improve financing performance for SMEs in supply chain,and boost their development speed,this paper puts forward three relevant suggestions for SMEs:(1)Improve SMEs’ financing performance in the perspective of supply chain.(2)Pay attention to resource integration in supply chain.(3)Focus on improving SMES’cooperation ability in profound ways.