营运资金
供应链
应付账款
业务
产业组织
供应链管理
汽车工业
财务
供应链风险管理
现金转换周期
服务管理
交易成本
付款
现金流
现金管理
营销
工程类
航空航天工程
作者
Miia Pirttilä,Veli Matti Virolainen,Lotta Lind,Timo Kärri
标识
DOI:10.1016/j.ijpe.2019.08.009
摘要
Companies must successfully finance their supply chains if they are to maintain their competitive advantage. Specifically, asset management in a supply chain is an essential component of improving one's financial stance. This study examines operational working capital management in the Russian automotive supply chain using the transaction cost theory (TCE) perspective. It considers working capital management (WCM) models with financial supply chain analysis using cash conversion cycles (CCC) and return on assets (ROA) as measurements. Companies operating with efficient WCM models are usually the leaders and the most powerful actors in the supply chain. Overall, according to our analysis long accounts payable payment period are prevalent, inventory levels high and CCCs short. Further, the most profitable firms are those that pay their suppliers promptly. The WCM models based on the data of this study may contribute to deliberate strategies and choices regarding the optimal governance structures of supply chains.
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