Research On The Influencing Factors Of Accounts Receivable Financing For SMEs In Supply Chain

The current SME financing problem has hindered the daily operation and further development of SMEs.The supply chain financial model often meets the needs of SMEs for funds through means such as pledge of accounts receivable,pledge of goods,and order financing.It can also alleviate the financing difficulties of SMEs to a certain extent and promote the small and medium-sized enterprises in China,enhance their competitiveness and maintain the stable operation of the supply chain.Supply chain receivables financing is to strengthen the creditworthiness of small and medium-sized enterprises by means of the large scale and good reputation of core enterprises,and use the company's own accounts receivable to seek financing from banks.This financing model not only helps to alleviate the financial strain of SMEs,but also enhances the competitiveness of the entire supply chain.It also provides more income for banks and other financial institutions while reducing loan risks.This paper combines the relevant basic theories of supply chain finance to conduct an in-depth analysis of the financing model of SMEs in the su pply chain.We elaborated on the main body of operations,the processes,the cost and benefits of this model.We contacted the characteristics of SMEs and proposed research hypotheses based on the influencing factors identified in the literature At the sam e time,for each influencing factor,combined with the maturity scale,the survey object and the scope of the survey are delineated,the questionnaire design is done,and the data is collected and screened.According to the survey results of the questionnaire,we use the structural equation model to develop an empirical analysis of the research object.The previously obtained research hypotheses were verified using the obtained analysis data results.The results show that the core enterprise qualification,SME receivables quality,supply chain information sharing,supply chain relationship quality and SMEs adopt a supply chain receivables financing method is positively correlated,which indicates that our research results are consistent with the previous ass umptions.Therefore,if SMEs want to achieve financing purposes through the supply chain receivables model to improve the financing efficiency of financing companies,it must be ensured that these four influencing factors meet the requirements of financial institutions.Finally,relevant recommendations are made based on the research results.