TEDARİK ZİNCİRİ FİNANSMANININ KOBİ'LER ÜZERİNDEKİ OPERASYONEL VE FİNANSAL ETKİLERİ

Tedarik zinciri finansmanı kavramı, 2008'de yaşanan finansal krizin doğurduğukredi darboğazından çıkmak adına, pek çok KOBİ için yeni bir çözümönermektedir. Avrupa'da özellikle son dönemlerde hızla büyümesi ve genişuygulama alanları bulmasına rağmen, bu konuda yapılan teorik ve ampirikakademik çalışmaların sayısı oldukça sınırlıdır. Tedarik zinciri finansmanıuygulamalarının KOBİ'lere olan etkisinin kapsamlı bir biçimde analiz edilmesi,bu şirketlerin kısa vadede daha etkin finansal planlama yapabilmesine vedeğer yaratma süreçlerinin verimliliğinin artmasına katkıda bulunacaktır.Bu çalışmanın amacı, tedarik zinciri finansmanı uygulamalarının KOBİ'lereolan finansal ve operasyonel faydalarını açıklayan bir model oluşturmak ve buçerçevede tedarik zinciri finansmanının KOBİ'lerin ödeme sürelerine olan etkisiniincelemektir. Bu açıdan tedarik zinciri finansmanının sermaye maliyetine olanetkisi ve operasyonel faydaları modellenecektir. Tedarik zinciri finansmanınınuzun vadeli ve stratejik faydaları bu çalışmanın dışında tutulmuştur. Buaraştırma sonunda elde edilen akademik bulgular, tedarik zinciri finansmanıkonusunda firma yöneticilerine önemli ölçüde yol gösterecektir. Ayrıca,düzenleyici ve denetleyici kurumların da araştırma bulgularından istifadeetmesi umulmaktadır.

THE OPERATIONAL AND FINANCIAL IMPACTS OF SUPPLY CHAIN FINANCE ON SME'S

The concept of supply chain finance offers many solutions to SME's that hasbeen pushed for cash since 2008 global financial crisis. Although the concepthas become widely known in Europe and has an extensive scope of application,theoretical and empirical studies are limited in this area. An overall analysis ofthe impacts of supply chain finance on SME's would help these firms to makeefficient financial planning in the short run and to increase productivity invalue creation process.The purpose of this study is to form a model that explains the financial andoperational benefits of supply chain finance to SME's and analyze its impacton SME's period of payment within this framework. In this respect, operationalbenefits of supply chain finance and its effect on capital cost will be analyzed.Long run and strategic benefits of supply chain finance are excluded in thisstudy. The results of this study will be considerably instructive for the firmowners. In addition to this, the study is expected to be helpful for regulatoryand supervisory authorities.

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