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- Publisher Website: 10.1016/j.tre.2021.102266
- Scopus: eid_2-s2.0-85101573367
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Article: Effects of demand uncertainty reduction on the selection of financing approach in a capital-constrained supply chain
Title | Effects of demand uncertainty reduction on the selection of financing approach in a capital-constrained supply chain |
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Authors | |
Keywords | Capital constraint Demand uncertainty reduction (DUR) Game theory Financing approach Supply chain finance |
Issue Date | 2021 |
Publisher | Pergamon. The Journal's web site is located at http://www.elsevier.com/wps/find/journaldescription.cws_home/600244/description#description |
Citation | Transportation Research Part E: Logistics and Transportation Review, 2021, v. 148, p. article no. 102266 How to Cite? |
Abstract | This study investigates how demand uncertainty reduction (DUR) affects the decisional dynamics within a supply chain, which comprises a supplier and a capital-constrained retailer, who chooses between bank credit and trade credit financing. A comprehensive scenario analysis suggests the retailer should accept trade credit when DUR is high, trade credit risk premium is moderate, and wholesale price is exogenous and low. However, the retailer should adopt trade credit only when both DUR and production cost are not high, and wholesale price is set endogenously. We further relax the assumption on the bank’s risk attitude and find most results still hold. |
Persistent Identifier | http://hdl.handle.net/10722/297217 |
ISSN | 2023 Impact Factor: 8.3 2023 SCImago Journal Rankings: 2.884 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | SHI, J | - |
dc.contributor.author | Li, Q | - |
dc.contributor.author | Chu, LK | - |
dc.contributor.author | Shi, Y | - |
dc.date.accessioned | 2021-03-08T07:15:49Z | - |
dc.date.available | 2021-03-08T07:15:49Z | - |
dc.date.issued | 2021 | - |
dc.identifier.citation | Transportation Research Part E: Logistics and Transportation Review, 2021, v. 148, p. article no. 102266 | - |
dc.identifier.issn | 1366-5545 | - |
dc.identifier.uri | http://hdl.handle.net/10722/297217 | - |
dc.description.abstract | This study investigates how demand uncertainty reduction (DUR) affects the decisional dynamics within a supply chain, which comprises a supplier and a capital-constrained retailer, who chooses between bank credit and trade credit financing. A comprehensive scenario analysis suggests the retailer should accept trade credit when DUR is high, trade credit risk premium is moderate, and wholesale price is exogenous and low. However, the retailer should adopt trade credit only when both DUR and production cost are not high, and wholesale price is set endogenously. We further relax the assumption on the bank’s risk attitude and find most results still hold. | - |
dc.language | eng | - |
dc.publisher | Pergamon. The Journal's web site is located at http://www.elsevier.com/wps/find/journaldescription.cws_home/600244/description#description | - |
dc.relation.ispartof | Transportation Research Part E: Logistics and Transportation Review | - |
dc.subject | Capital constraint | - |
dc.subject | Demand uncertainty reduction (DUR) | - |
dc.subject | Game theory | - |
dc.subject | Financing approach | - |
dc.subject | Supply chain finance | - |
dc.title | Effects of demand uncertainty reduction on the selection of financing approach in a capital-constrained supply chain | - |
dc.type | Article | - |
dc.identifier.email | Li, Q: liqiang@connect.hku.hk | - |
dc.identifier.email | Chu, LK: lkchu@hku.hk | - |
dc.identifier.authority | Chu, LK=rp00113 | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1016/j.tre.2021.102266 | - |
dc.identifier.scopus | eid_2-s2.0-85101573367 | - |
dc.identifier.hkuros | 321623 | - |
dc.identifier.volume | 148 | - |
dc.identifier.spage | article no. 102266 | - |
dc.identifier.epage | article no. 102266 | - |
dc.identifier.isi | WOS:000694858700010 | - |
dc.publisher.place | United Kingdom | - |