Enterprise Market Forces, The Upstream And Downstream Enterprises To Focus On The Degree And Firm Performance

The relationship between enterprises at different industrial chain nodes has been the academic focus of attention. It's a very interesting topic that how the enterprises choose their suppliers and distributors (clients) in accordance with their market power and how the concentration degree of suppliers and distributors (clients) affect the corporate performance. Based on it, this dissertation reviewed the relevant theory about relationships among enterprises'market power, suppliers & distributors (clients) and corporate performance, and sorted the theory on the basis of conclusion. According to the purpose of this research, theoretical framework is builded, in which core concepts and related variables are defined.Then a series of assumptions are proposed surrounding the relationships of the three concepts.Based on the theoretical framework, this dissertation builds an econometric analysis models using empirical data of Chinese manufacturing companies from 2005 to 2008, in order to verify assumptions proposed above through empirical analysis method. Furthermore, in-depth discussion is taken by quoting cases on the results of empirical analysis.The main conclusions of this dissertation are as follows:(1) As the firm size is larger, the concentration degree of supplier is lower.(2) As the firm size is larger, the concentration degree of distributors (clients) is lower.(3) As the position of enterprise in the industry is stronger, the concentration degree of supplier is lower.(4) As the position of enterprise in the industry is stronger, the concentration degree of distributors (clients) is lower.(5) As the concentration degree of supplier, the ratio of accounts payable is higher.(6) As the concentration degree of distributors (clients) is lower, the proportion of accounts receivable is lower and they have inverted "U"-type relationship.(7) The concentration degree of distributors (clients) plays an intermediary role when the position of enterprise in an industry takes impact on corporate performance.(8) The percentage of trade receivables plays an intermediary role when the concentration degree of distributors (clients) takes impact on corporate performance...