scholarly journals Supply-Chain Spillover Effects and the Interdependence of Firm Financing Decisions

2010 ◽  
Author(s):  
William C. Johnson ◽  
Jun-Koo Kang ◽  
Ronald W. Masulis ◽  
Sangho Yi
Keyword(s):  
Supply Chain ◽  
Spillover Effects ◽  
Financing Decisions ◽  
Firm Financing

The Influence of Regulation Fair Disclosure on Firm Financing Decisions

2010 ◽  
Author(s):  
Susan M. Albring ◽  
Monica L. Banyi ◽  
Dan S. Dhaliwal ◽  
Raynolde Pereira
Keyword(s):  
Regulation Fair Disclosure ◽  
Financing Decisions ◽  
Fair Disclosure ◽  
Firm Financing

scholarly journals Financing Decisions Analysis of E-commerce Supply Chain Finance for Fresh Agricultural Products in China

2021 ◽  
Vol 5 (2) ◽  
pp. 1
Author(s):  
Xian Ning
Keyword(s):  
Supply Chain ◽  
Economic System ◽  
Agricultural Products ◽  
Financing Decisions ◽  
Supply Chain Finance ◽  
The Government ◽  
Difficult Issue

The supply chain finance (SCF) solutions are becoming increasingly diversified with the continuous perfection of the economic system. However, financing for small and medium sized enterprises (SMEs) is still a difficult issue waiting to be solved by enterprises and the government in China. SCF solutions based on e-commerce platforms have developed rapidly in China that provide an alternative for SMEs when few studies have been conducted on e-commerce SCF solutions which focus on fresh agricultural products. Therefore, this research focuses on the SCF solutions applicable to e commerce enterprises of fresh agricultural products.

Welfare effects of vegetable producers' inclusiveness in supply chain coordination: direct effects and spillovers

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Qiao Liang ◽  
Lin Li ◽  
Rongrong Bai
Keyword(s):  
Supply Chain ◽  
Supply Chain Coordination ◽  
Spillover Effect ◽  
Spillover Effects ◽  
Production Performance ◽  
Farm Income ◽  
Vegetable Production ◽  
Content Type ◽  
Positive Effects ◽  
Quality Certification

PurposeThe purpose of this paper is to estimate the effect of vegetable producers' inclusiveness in supply chain coordination on vegetable production performance and potential spillover effect on farm and non-farm income.Design/methodology/approachA comprehensive dataset comprised of 410 paired vegetable producers in China is applied. Propensity score matching (PSM) estimation method is used to control for the selection bias problem.FindingsThe empirical results indicate that contracting farming does not have significant effect on yield or profit of vegetable production, but promote producers to obtain quality certification. In comparison, cooperative membership has positive effects on the yield, profit and quality certification of producers. Additionally, cooperatives generate positive spillover effects on members' farm and non-farm income, though the results are sensitive to unobserved factors. The inclusion of spillover effects helps to find out the potential unobserved effects which are neglected by most studies and design better policies to promote the development of agricultural companies and farmer cooperatives.Originality/valueFirst, empirical evidence is provided for theories regarding the roles of different supply chain coordination modes on producers. Second, the analysis on evaluating the effects of supply chain coordination also considers the spillover effect on the farming of other products and even non-farm work of involved producers. Third, a unique dataset comprised of 420 paired vegetable producers, based on an extensive survey is built.

Economic links and the wealth effects of layoff announcements along the supply chain

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Yetaotao Qiu ◽  
Michel Magnan
Keyword(s):  
Supply Chain ◽  
Stock Price ◽  
Spillover Effects ◽  
Good News ◽  
Wealth Effects ◽  
Content Type ◽  
Efficiency And Effectiveness ◽  
Comprehensive Picture ◽  
Stock Price Reaction ◽  
Information Externality

PurposeThis paper investigates the effects of layoff announcement by customers on the valuation and operating performance of their supply chain partners.Design/methodology/approachThe authors collect corporate layoff announcements from 8-K filings submitted by US publicly-traded firms from 2004 to 2017. Using event study methodology, they examine the information externality of corporate layoffs on announcing firms' suppliers.FindingsResults show that suppliers, on average, experience a negative stock price reaction around their major customers' layoff announcements. The negative price effect is exacerbated when industry rivals of layoff-announcing customers also suffer from negative intra-industry contagion effects. Additionally, supply chain spillover effects are asymmetric, with only “bad news” layoff announcements causing significant value implications for suppliers, but not “good news” announcements. Supplier firms also reduce their investments in and sales dependence on layoff-announcing customers in subsequent years.Practical implicationsThis study shows that layoff decisions, often aimed at improving firms' efficiency and effectiveness, create uncertainty for the suppliers' operation and cause negative value implications on firms' upstream partners. Findings should be useful to corporate decision-makers in making layoff decisions.Originality/valueThis paper is one of the first to address the value implications of corporate layoffs on announcing firms' suppliers. It provides a more comprehensive picture of the economy-wide impact of achieving efficiency through employee layoffs.

The Economics and Finance of Customer–Supplier Relationships

2021 ◽  
Author(s):  
Ling Cen ◽  
Sudipto Dasgupta
Keyword(s):  
Supply Chain ◽  
Bargaining Power ◽  
Stock Price ◽  
Information Diffusion ◽  
Trade Credit ◽  
Spillover Effects ◽  
Innovation Activity ◽  
Price Informativeness ◽  
Customer Base ◽  
Disruption Risk

The interrelationships between upstream supplier firms and downstream customer firms—popularly referred to as supply-chain relationships—constitute one of the most important linkages in the economy. Suppliers not only provide production inputs for their customers but, increasingly, also engage in R&D and innovation activity that is beneficial to the customers. Yet, the high degree of relationship specificity that such activities involve, and the difficulty of writing complete contracts, expose suppliers to potential hold-up problems. Mechanisms that mitigate opportunism have implications for the origins of such relationships, firm boundary, and organizational structure. Smaller supplier firms benefit from relationships with large customer firms in many ways, such as knowledge sharing, operational efficiency, insulation from competition, and reputation in capital markets. However, customer bargaining power, undiversified customer base, and innovation strategy also expose suppliers to disruption risk. Relationship specificity of investment, customer bargaining power, and customer concentration associated with a less diversified customer base have important consequences for financing decisions of suppliers and customers, such as capital structure choice and the provision and role of trade credit. Changes in the risk of disruption (e.g., bankruptcy filings, takeover activity, and credit market shocks) have spillover effects along the supply chain. The correlation of economic fundamentals of suppliers and customers and the co-attention that they receive from market participants translate to return predictability (with implications for trading strategies), information diffusion along the supply chain, and stock-price informativeness of supply-chain partners.

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