Determinants of supply chain finance adoption among SMEs: evidence from a developing economy

IF 3.5 Q1 BUSINESS, FINANCE

Meditari Accountancy Research Pub Date : 2023-11-20 DOI:10.1108/medar-12-2022-1874

Edward Nartey

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引用次数: 0

Abstract

Purpose Little is known about the determinants of supply chain finance (SCF) adoption among small and medium-sized enterprises (SMEs) in developing countries. This study aims to address this relevant research gap and hence, draws on the resource-based view and transaction cost economies to empirically investigate five factors that make SCF adoption practicable among SMEs in Ghana. Design/methodology/approach The approach involves a sample of 257 SME managers/owners and modelling via structural equations modelling. Findings All five factors (innovative capability, information sharing, inter- and intra-firm collaboration, external financing and trade process digitization) were found to impact positively and significantly on SCF adoption. The findings provide SME managers/owners with a research model which guides them on how to settle the SCF process. Research limitations/implications This paper used a cross-sectional survey, which makes it impossible to access changes over time. In addition, the use of quantitative method limits respondents from expressing their feelings fully. Using a mixed or qualitative methodology will provide avenues for future research. Practical implications This paper offers a completive advantage for Ghanaian SMEs to strengthen their relationships while collaborating with each other. The findings suggest that by adopting SCF solutions, SMEs can optimize their liquidity and working capital. The factors underpinning SCF adoption are of incredible attractiveness for SME managers/owners to discover the relevant practice of SCF solutions. SMEs should adopt SCF strategies for improving their capability to respond promptly to transactions. Originality/value This paper is among the few papers that have examined these five factors in a developing economy context. The study also provides new understanding of the factors that influence SCF adoption in the context of a developing economy.

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中小企业采用供应链融资的决定因素：来自发展中经济体的证据

目的对发展中国家中小型企业（SMEs）采用供应链融资（SCF）的决定因素知之甚少。本研究旨在填补这一相关研究空白，因此借鉴基于资源的观点和交易成本经济学，对加纳中小企业采用供应链融资的五个可行因素进行了实证调查。设计/方法/途径该方法涉及 257 个中小企业经理/所有者样本，并通过结构方程模型进行建模。研究结果发现所有五个因素（创新能力、信息共享、企业间和企业内部协作、外部融资和贸易流程数字化）都对采用 SCF 有显著的积极影响。研究结果为中小企业经理/所有者提供了一个研究模型，指导他们如何解决 SCF 流程问题。研究局限性/意义本文采用的是横截面调查，因此无法了解随时间推移发生的变化。此外，定量方法的使用限制了受访者充分表达自己的感受。使用混合或定性方法将为今后的研究提供途径。实际意义本文为加纳中小型企业在相互合作的同时加强关系提供了一个完整的优势。研究结果表明，通过采用 SCF 解决方案，中小企业可以优化其流动性和营运资本。支持采用 SCF 的因素对中小企业经理/所有者发现 SCF 解决方案的相关实践具有极大的吸引力。中小型企业应采用 SCF 战略，以提高其迅速应对交易的能力。原创性/价值本文是在发展中经济体背景下研究这五个因素的少数论文之一。该研究还为在发展中经济体背景下采用 SCF 的影响因素提供了新的理解。

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来源期刊

Meditari Accountancy Research BUSINESS, FINANCE-

CiteScore

7.80

自引率

14.30%

发文量

期刊介绍： Meditari Accountancy Research (MEDAR). MEDAR takes its name from the Latin for constantly pondering, suggesting a journey towards a better understanding of accountancy related matters through research. Innovative and interdisciplinary approaches are encouraged. The journal is a double blind refereed publication that welcomes manuscripts using diverse research methods that address a wide range of accountancy related topics, where the terms accountancy and accounting are interpreted broadly. Manuscripts should be theoretically underpinned. Topics may include, but are not limited to: Auditing, Financial reporting, Impact of accounting on organizations, Impact of accounting on capital markets, Impact of accounting on individuals, Management accounting, Public sector accounting, Regulation of the profession, Risk management, Social and environmental disclosure, Impact of taxation on society, Accounting education, Accounting ethics.