Working capital management in the Russian automotive industry supply chain
Pirttilä, Miia; Virolainen, Veli Matti; Lind, Lotta; Kärri, Timo (2019-08-30)
Post-print / Final draft
Pirttilä, Miia
Virolainen, Veli Matti
Lind, Lotta
Kärri, Timo
30.08.2019
International Journal of Production Economics
Elsevier
School of Engineering Science
Kaikki oikeudet pidätetään.
© 2019 Elsevier B.V.
© 2019 Elsevier B.V.
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi-fe2019110737106
https://urn.fi/URN:NBN:fi-fe2019110737106
Tiivistelmä
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.
Lähdeviite
Pirttilä M. Virolainen V.M., Lind L., Kärri T. (2019). Working capital management in the Russian automotive industry supply chain. International Journal of Production Economics. DOI: 10.1016/j.ijpe.2019.08.009
Kokoelmat
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