期刊论文

中文

管理学刊

1674-6511

2023

36

5

114-132

10.19808/j.cnki.41-1408/F.2023.0047

国家自然科学基金面上项目(72171100)； 教育部人文社会科学研究规划基金项目(18YJA790037)；

本校为第一机构

通过参与供应链合作,中小企业竞争力能够得到大幅提升,但规模小、议价力弱的特点也使其对供应链分工高度依赖,对供应商结构变化较为敏感。通过理论分析和建模推演探究供应商结构对中小企业债务违约风险的影响发现,供应商结构变化兼具收益效应和分配效应,两种效应的方向及强弱影响中小企业的最终收益和债务违约风险。利用2013—2021年我国中小上市制造企业样本进行实证检验,研究结果表明:供应商替代率下降、低替代性供应商数量增加或高替代性供应商数量下降均强化供应商结构稳定性。稳定的供应商结构带来的正向收益效应超过负向分配效应,对降低中小企业债务违约风险十分有利。进一步研究显示,较高...

By participating in supply chain cooperation,the competitiveness of small and medium-sized enterprises(SMEs)can be significantly enhanced.However,the small scale and weak bargaining power also make SMEs highly dependent on supply chain divisions and especially sensitive to changes in supplier structure.This paper explores the impact of supplier structures on the debt default risk of SMEs through theoretical and analytical analysis.It shows the changes in supplier structure have both an earnings effect and an allocation effect.The direction and strength of the two effects affect the final earni...