The Relationship Between Sustainability, SCM Performance, and Financial Performance of Korean SMEs

IF 0.4 4区经济学 Q4 ECONOMICS

Journal of Korea Trade Pub Date : 2022-04-30 DOI:10.35611/jkt.2022.26.2.84

Neung-ho Han, D. Choi

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引用次数: 1

Abstract

Purpose - This study carried out an empirical study of the impact of sustainability - which has been gaining attention as challenges are arising in supply chains based on existing trade networks due to the impact of the COVID-19 pandemic - on SCM performance and financial performance of Korean SMEs. The study seeks to propose a measurement model to enhance the SCM performance and financial performance of Korean SMEs and to identify the relationship between sustainability, SCM performance and financial performance to suggest implications to SMEs, governments, and relevant organizations. Design/methodology - Our Analysis established hypotheses that economic sustainability, environmental sustainability, and other factors related to sustainability have a positive impact on SCM performance and financial performance as well as SCM performance has a positive impact on financial performance, making empirical validations by utilizing Structural Equation Modeling based on data collected through survey from Korean SMEs. Findings - According to an empirical study, although environmental sustainability and economic sustainability among factors of sustainability had a positive influence on SCM performance, social sustainability did not have a statistically significant influence. Furthermore, it was learned that only economic sustainability had a positive influence on financial performance while SCM performance has a positive influence on financial performance. Originality/value - This empirical study explored the relationship between SCM performance and financial performance of Korean SMEs with a high tendency to depend on specific supply chains when the international trade network is in confusion and/or the global supply chain has collapsed. If Korean SMEs allocate management resources to the factors deducted from this study, they would be able to build more efficient supply chains and improve financial performance to improve sustainability.

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韩国中小企业可持续性、供应链管理绩效与财务绩效的关系

目的-本研究对可持续性对韩国中小企业供应链管理绩效和财务绩效的影响进行了实证研究。由于新冠肺炎疫情的影响，基于现有贸易网络的供应链面临挑战，可持续性对中小型企业的供应链管理业绩和财务绩效产生了影响。本研究旨在提出一个衡量模型，以提高韩国中小企业的供应链管理绩效和财务绩效，并确定可持续性、供应链管理业绩和财务绩效之间的关系，从而对中小企业、政府和相关组织提出启示。设计/方法论-我们的分析建立了假设，即经济可持续性、环境可持续性和其他与可持续性相关的因素对供应链管理绩效和财务绩效有积极影响，供应链管理业绩对财务绩效也有积极影响，基于韩国中小企业调查收集的数据，利用结构方程模型进行实证验证。调查结果-根据一项实证研究，尽管可持续性因素中的环境可持续性和经济可持续性对供应链管理绩效有积极影响，但社会可持续性在统计上没有显著影响。此外，研究发现，只有经济可持续性对财务绩效有积极影响，而供应链管理绩效对财务绩效也有积极影响。独创性/价值-本实证研究探讨了在国际贸易网络混乱和/或全球供应链崩溃时，高度依赖特定供应链的韩国中小企业的供应链管理绩效与财务绩效之间的关系。如果韩国中小企业将管理资源分配给本研究中扣除的因素，它们将能够建立更高效的供应链，并提高财务绩效，以提高可持续性。

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来源期刊

Journal of Korea Trade Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

自引率

20.00%

发文量

期刊介绍： Journal of Korea Trade purports to support and encourage researches in the area of international economics, international business and foreign trade practices & laws. The Journal welcomes theoretical and empirical papers in the broadly-defined international trade issues and policy implications in the context of Korea Trade.