Does Implementing a B2B Electronic Money C Plan Benefit Working Capital Management?

Recently, banks and enterprises are gradually involved in B2B electronic money C Plan abbreviated as electronic money. However, few articles have related e-commerce to the financial area. The main purpose of this study is to investigate the relationship between financial characteristics and implementing electronic money by e-commerce, and whether implementing electronic money will affect the firm value and working capital management. The important results are described as follows: 1.We find that the companies with trouble in cash flow will stress on electronic money due to the negative relationship between cash flow and implementing electronic money. 2. Implementing electronic money will raise the turnover ratio of inventory (i.e. implementing electronic money will benefit the working capital management of electronic companies in Taiwan).