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http://dx.doi.org/10.38121/kpea.2020.09.36.3.55

Effect of Supply Chain Risk Management Factors on Risk Management Strategy and Corporate Performance  

Lee, Choong-Bae (중앙대학교 국제물류학과)
Kim, Hyun-Chung (중앙대학교 무역물류학과)
Publication Information
Journal of Korea Port Economic Association / v.36, no.3, 2020 , pp. 55-74 More about this Journal
Abstract
With globalization and the development of information and communication technology, the supply chain is becoming more widespread and complex, which increases the occurrence and damage caused by supply chain risks. Supply chain risk management has a great impact on corporate performance through the analysis of risk factors and proactive and strategic approaches. This study aims to analyze the effects of supply chain risk factors on risk management strategies and corporate performance empirically. In the research model for empirical analysis, supply chain risk factors were classified into supply, demand, operation, network, and external environment, while the risk management strategies were divided into active and passive strategies, as well as financial and operational performance for corporate performance. The data obtained via the questionnaire were analyzed for the path of the structural equation model. As a result of the analysis, companies are actively pursuing risk management for internal risk factors, rather than external factors, in terms of internal and external risk factors, and it was found that these strategies have a significant effect on corporate performance. Therefore, in the future, companies should conduct risk management strategies more proactively and preemptively through a thorough analysis of various risk factors affecting business operations.
Keywords
Supply Chain Risk Management; Supply Chain Risk Factors; Risk Management Strategy; Corporate Performance;
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