复杂供应链网络视域下关系资本对供应链融资作用机制研究--有调节的多重中介效应模型构建与检验

从复杂供应链网络的视角出发,以供应链网络内各节点中小企业为研究对象,依照"资源-结构-行为-绩效"的思路,揭示供应链网络内中小企业积累的关系资本对提升其供应链融资获取频率的作用机制,并通过构建多群组SEM模型,验证供应链复杂性的潜在调节效应。结果显示:(1)中小企业积累的关系资本对供应链融资频率的提升有显著的促进作用;(2)对比"关系资本-供应链设计-供应链融资"与"关系资本-供应链整合-供应链融资"的拟合结果发现,两个特定变量的中介效应具有显著差异,且以供应链设计、整合为连续中介变量的多重链式中介效应模型成立;(3)供应链复杂性显著调节中小企业关系资本对供应链融资的转化机制链条,供应链复杂性越高,节点中小企业获取供应链融资更依赖"关系资本-供应链设计-供应链整合-供应链融资"的多重链式传导机制传导。这意味着,在复杂供应链网络当中,中小企业一方面需要提升自身关系资本积累,另一方面更要加强其在网络当中的位置优化,提升供应链整合水平,为获取更多供应链融资打下坚实基础。

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

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 complexity 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 relationship 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.