本研究透過敘述統計，探討半導體個案公司的供應鏈強弱關係是否會影響應收帳款收現天數及應付帳款付現天數，並利用Granger因果關係檢定個案公司的上中下游供應鏈之間的營收是否有顯著因果關係。其目的在於分析個案公司主要供應鏈關係強弱是否會優化或弱化個案公司之應收帳款收現天數和應付帳款付現天數，及分析個案公司三階段的季營收是否影響其一產業。
根據實證分析顯示，當個案公司供應鏈企業為國外公司，其應收帳款收現天數及應付帳款付現天數皆優於個案公司的平均收現與付現天數；而供應鏈企業若為國內公司，其應收帳款收現天數及應付帳款付現天數也與個案公司的平均收現與付現天數相當。結果顯示，客戶不因個案公司規模小而延遲付款給個案公司，個案公司不因供應商規模大小對其進行剝削。
此外，本研究利用Granger因果關係檢定並結合敘述統計分析中得到下列結論：個案公司供應鏈之相互關係為下游客戶之季營收為個案公司的季營收之重要解釋變數，但下游客戶的季營收多寡並不會影響個案公司的應收帳款收現天數；個案公司的季營收可歸類為上游供應鏈的解釋變數，但個案公司的季營收多寡並不會影響上游供應商的應付帳款付現天數。

This study examines descriptive statistics to explore whether the supply chain relationship of the semiconductor case company affects days sales outstanding and days payable outstanding. Besides, I use granger causality test ro test the relation between revenue of the upstream, middle and downstream supply chains of the case company. The purpose is to analyze whether the supply chain relationship of the case company will optimize or weaken the case company's days sales outstanding and days payable outstanding, and analyze whether the quarterly revenue of the supply chain of the case company will affect each other.
The empirical analysis of this study showed if the supply chain enterprise of the case company is a foreign company, its days sales outstanding and days payable outstanding are better than the case company. If the supply chain enterprise is a domestic company, its days sales outstanding and days payable outstanding are also similar to the case company. The results showed that the customer did not delay payment to the case company because of its small size, and the case company did not exploit the supplier because of its small size.
Additionally, the empirical results showed the quarterly revenue of the downstream supply chain is an important explanatory variable of the quarterly revenue of the case company, but the quarterly revenue of the downstream customer does not affect days sales outstanding of the case company. The quarterly revenue of the case company can be classified as the explanatory variable of upstream supply chain, but the quarterly revenue of the case company does not affect days payable outstanding of the upstream supplier.

論文審定書 i
致謝 i i
中文摘要 i i i
Abstract i v
目錄 v
圖次 v i
表次 v i i
第一章緒論 1
第一節研究背景與動機 1
第二節研究範圍與目的 2
第三節論文架構 3
第四節研究範圍與限制 4
第二章產業現況 6
第一節半導體產業趨勢發展 6
第二節台灣半導體產業現況 9
第三章文獻探討 13
第一節供應鏈金融 13
第二節企業與供應鏈關係 14
第三節應收帳款收現天數 15
第四節應付帳款付現天數 16
第四章研究方法 18
第一節研究問題 18
第二節研究資料來源 19
第三節研究方法與變數說明 19
第四節單根檢定 21
第五節Granger因果關係檢定 22
第五章實證結果與分析 23
第一節個案公司與供應鏈介紹 23
第二節供應鏈之敘述統計 28
第三節供應鏈季營收之單根檢定 35
第四節供應鏈季營收之因果關係檢定 37
第六章結論及建議 40
第一節研究結論 40
第二節研究限制與建議 41
參考文獻 42
附錄 45

一、中文文獻
何宴僑（2022），應收帳款與經營績效實證探討-以台灣上市電子公司為例，中正大學會計與法律數位學習碩士在職專班論文。
洪志洋、高立翰（2011），應收帳款管理風格與績效之關聯性研究-以台灣電子產業為例，管理評論，第30卷第3期：49-72。
鄭丁旺、汪泱若、黃金發（2015），會計學原理與應用-應收帳款。
顧鴻壽（2020），全球半導體相關產業發展趨勢，兩岸經貿月刊，第345期：4-8。

二、英文文獻
Amelia S. Carr, John N. Pearson (1999), Strategically managed buyer-supplier relationships and performance outcomes, Journal of Operations Management Vol.17, pp.497-519
Benton W.C., Michael Maloni (2005), The influence of power driven buyer/seller relationships on supply chain satisfaction, Journal of Operations Management, Vol.23, Issue 1, pp.1-22
Christopher Martin (2016), Logistics & supply chain management (Third edition), Pearson education limited, Great Britain, pp.3-8
Dickey, D.A. and W.A. Fuller (1797), Distribution of the estimators for autoregressive time series with a unit root, Journal of the American statistical association, 74, pp.427-431
Ellis Scott C., Jaeyoung Oh, John W. Henke, Nallan C. Suresh (2023), Supplier relationship portfolio management: A social exchange perspective, Journal of Purchasing and Supply Management, Vol.29
Granger, C. W. J. & Newbold P (1974), Spurious regression in econometrics, Journal of Econometrics, Vol.2(2), pp.111-120
Jääskeläinen Aki (2021), The relational outcomes of performance management in buyer-supplier relationships, International Journal of Production Economics, Vol.232
Johnsen Rhona E., Sylvie Lacoste, Joanne Meehan (2020), Hegemony in asymmetric customer-supplier relationships, Industrial Marketing Management, Vol.87, pp.63-75
Maglaras George, Michael Bourlakis, Christos Fotopoulos (2015), Power-imbalanced relationships in the dyadic food chain: An empirical investigation of retailers' commercial practices with suppliers, Industrial Marketing Management, Vol.48, pp.187-201
Rocca Antonella La, Thomas Hoholm, Bjørn Erik Mørk (2017), Practice theory and the study of interaction in business relationships:Some methodological implications, Industrial Marketing Management, Vol.60, pp.187-195
Vázquez Xose H., Antonio Sartal, Luis M. Lozano (2016), Watch the working capital of tier-two suppliers: a financial perspective of supply chain collaboration in the automotive industry, Supply Chain Management: An International Journal, Vol.21, Issue 3, pp.321-333

三、網路來源
IEK產業情報網-產業焦點-IC焦點https://ieknet.iek.org.tw/iekrpt/rpt_more.aspx?actiontype=rpt&indu_idno=3&domain=2&rpt_idno=758841064
台灣工業文化資產網，文物史料，半導體業https://iht.nstm.gov.tw/form/index-1.asp?m=2&m1=3&m2=75&gp=21&id=2
產業價值鏈資訊平台https://ic.tpex.org.tw/introduce.php?ic=D000
經濟部工業局智慧電子產業計畫-半導體產業現況https://www.sipo.org.tw/industry-overview/industry-state-quo/semiconductor-industry-state-quo.html
經濟部工業局智慧電子產業計畫-產業排名https://www.sipo.org.tw/industry-overview/industry-ranking.html