Abstract
The research on effects of supplier concentration on financial performance of manufacturing enterprises is conducted from the perspective of mediating effect of commercial credit based on financial data of 1090 listed manufacturing companies. MLRM (multiple linear regression model) plus empirical data and the mediating effect test method are used in the research. The results show that the commercial credit plays a partial mediating role in impact of supplier concentration on enterprises' financial performance, that the commercial credit as a financing means can improve the financial performance of enterprises to a certain extent, and that supplier concentration exerts a significant positive effect on financial performance. Thus, this research can provide theoretical reference in supply-chain management for enterprises.
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