FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W3124457768> ?p ?o ?g. }

• W3124457768 endingPage "84" @default.
• W3124457768 startingPage "70" @default.
• W3124457768 abstract "Two innovative financing schemes have emerged in recent years to enable suppliers to obtain financing for production. The first, purchase order financing (POF), allows financial institutions to offer loans to suppliers by considering the value of purchase orders issued by reputable buyers. Under the second, which we call buyer direct financing (BDF), manufacturers issue both sourcing contracts and loans directly to suppliers. Both schemes are closely related to the supplier’s performance risk (whether the supplier can deliver the order successfully), upon which the repayment of these loans hinges. To understand the relative efficiency of the two emerging schemes, we analyze a game-theoretical model that captures the interactions among three parties (a manufacturer, a financially constrained supplier who can exert unobservable effort to improve delivery reliability, and a bank). We find that, when the manufacturer and the bank have symmetric information, POF and BDF yield the same payoffs for all parties irrespective of the manufacturer’s control advantage under BDF. The manufacturer, however, has more flexibility under BDF in selecting contract terms. In addition, even when the manufacturer has superior information about the supplier’s operational capability, the manufacturer can efficiently signal her private information via the sourcing contract if the supplier’s asset level is not too low. As such, POF remains an attractive financing option. However, if the supplier is severely financially constrained, the manufacturer’s information advantage makes BDF the preferred financing scheme when contracting with an efficient supplier. In particular, the relative benefit of BDF (over POF) is more pronounced when the supply market contains a larger proportion of inefficient suppliers, when differences in efficiency between suppliers are greater, or when the manufacturer’s alternative sourcing option is more expensive. The online appendix is available at https://doi.org/10.1287/msom.2017.0638 . This paper has been accepted for the Manufacturing & Service Operations Management Special Issue on Interface of Finance, Operations, and Risk Management." @default.
• W3124457768 created "2021-02-01" @default.
• W3124457768 creator A5000650303 @default.
• W3124457768 creator A5014078414 @default.
• W3124457768 creator A5067789509 @default.
• W3124457768 date "2018-02-01" @default.
• W3124457768 modified "2023-10-14" @default.
• W3124457768 title "Sourcing from Suppliers with Financial Constraints and Performance Risk" @default.
• W3124457768 cites W1587893280 @default.
• W3124457768 cites W1588281396 @default.
• W3124457768 cites W1975418995 @default.
• W3124457768 cites W1995959404 @default.
• W3124457768 cites W2013138750 @default.
• W3124457768 cites W2013285825 @default.
• W3124457768 cites W2016884140 @default.
• W3124457768 cites W2034730278 @default.
• W3124457768 cites W2040428491 @default.
• W3124457768 cites W2067671375 @default.
• W3124457768 cites W2100568923 @default.
• W3124457768 cites W2102045068 @default.
• W3124457768 cites W2109183455 @default.
• W3124457768 cites W2118643058 @default.
• W3124457768 cites W2119362097 @default.
• W3124457768 cites W2123074032 @default.
• W3124457768 cites W2126623291 @default.
• W3124457768 cites W2154099033 @default.
• W3124457768 cites W2158138669 @default.
• W3124457768 cites W2160235054 @default.
• W3124457768 cites W2170823321 @default.
• W3124457768 cites W2544642075 @default.
• W3124457768 cites W2951881329 @default.
• W3124457768 cites W3121243396 @default.
• W3124457768 cites W3121400796 @default.
• W3124457768 cites W3122105525 @default.
• W3124457768 cites W3122986902 @default.
• W3124457768 cites W3123125642 @default.
• W3124457768 cites W3124093388 @default.
• W3124457768 cites W3125032869 @default.
• W3124457768 cites W3126133555 @default.
• W3124457768 cites W4205091067 @default.
• W3124457768 cites W4245139159 @default.
• W3124457768 cites W658791691 @default.
• W3124457768 cites W68602750 @default.
• W3124457768 doi "https://doi.org/10.1287/msom.2017.0638" @default.
• W3124457768 hasPublicationYear "2018" @default.
• W3124457768 type Work @default.
• W3124457768 sameAs 3124457768 @default.
• W3124457768 citedByCount "192" @default.
• W3124457768 countsByYear W31244577682016 @default.
• W3124457768 countsByYear W31244577682017 @default.
• W3124457768 countsByYear W31244577682018 @default.
• W3124457768 countsByYear W31244577682019 @default.
• W3124457768 countsByYear W31244577682020 @default.
• W3124457768 countsByYear W31244577682021 @default.
• W3124457768 countsByYear W31244577682022 @default.
• W3124457768 countsByYear W31244577682023 @default.
• W3124457768 crossrefType "journal-article" @default.
• W3124457768 hasAuthorship W3124457768A5000650303 @default.
• W3124457768 hasAuthorship W3124457768A5014078414 @default.
• W3124457768 hasAuthorship W3124457768A5067789509 @default.
• W3124457768 hasBestOaLocation W31244577682 @default.
• W3124457768 hasConcept C10138342 @default.
• W3124457768 hasConcept C144133560 @default.
• W3124457768 hasConcept C149782125 @default.
• W3124457768 hasConcept C162324750 @default.
• W3124457768 hasConcept C175444787 @default.
• W3124457768 hasConcept C182306322 @default.
• W3124457768 hasConcept C187736073 @default.
• W3124457768 hasConcept C2778348673 @default.
• W3124457768 hasConcept C2780598303 @default.
• W3124457768 hasConcept C2780695315 @default.
• W3124457768 hasConcept C38652104 @default.
• W3124457768 hasConcept C40700 @default.
• W3124457768 hasConcept C41008148 @default.
• W3124457768 hasConcept C76178495 @default.
• W3124457768 hasConcept C99221444 @default.
• W3124457768 hasConceptScore W3124457768C10138342 @default.
• W3124457768 hasConceptScore W3124457768C144133560 @default.
• W3124457768 hasConceptScore W3124457768C149782125 @default.
• W3124457768 hasConceptScore W3124457768C162324750 @default.
• W3124457768 hasConceptScore W3124457768C175444787 @default.
• W3124457768 hasConceptScore W3124457768C182306322 @default.
• W3124457768 hasConceptScore W3124457768C187736073 @default.
• W3124457768 hasConceptScore W3124457768C2778348673 @default.
• W3124457768 hasConceptScore W3124457768C2780598303 @default.
• W3124457768 hasConceptScore W3124457768C2780695315 @default.
• W3124457768 hasConceptScore W3124457768C38652104 @default.
• W3124457768 hasConceptScore W3124457768C40700 @default.
• W3124457768 hasConceptScore W3124457768C41008148 @default.
• W3124457768 hasConceptScore W3124457768C76178495 @default.
• W3124457768 hasConceptScore W3124457768C99221444 @default.
• W3124457768 hasIssue "1" @default.
• W3124457768 hasLocation W31244577681 @default.
• W3124457768 hasLocation W31244577682 @default.
• W3124457768 hasOpenAccess W3124457768 @default.
• W3124457768 hasPrimaryLocation W31244577681 @default.
• W3124457768 hasRelatedWork W1545405014 @default.
• W3124457768 hasRelatedWork W2021613616 @default.

• next