Working capital variability and financial spillover effects in supply chains: An explorative network analysis

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外文摘要：The purpose of this paper is to analyze how working capital is allocated in supply chain networks。 It investigates working capital fluctuations along supply chain networks。 Inter-organizational network data was collected by snowball sampling in Bloomberg Terminal's database。 The results suggest the existence of a financial spillover effect in the supply chain network and a mechanism that transmits working capital burden from customers to suppliers。 Interestingly， the financial spillover effect is "reset" in the midstream section of supply chain networks where cash-rich companies provide liquidity to its supply chain partners。 Similarly， inter-firm collaboration through the adoption of supply chain finance (SCF) solutions may reduce the cascading spillover reactions - the financial bullwhip effect - and stabilize a supply chain， network。

外文关键词：

Working capital managementFinancial spillover effectsNetwork theorySnowball samplingSupply chain finance

作者：

Philipp Wetzel、Erik Hofmann

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作者单位：

University of St. Gallen (HSG), Institute of Supply Chain Management

会议名称：

Annual Conference of the Decision Sciences Institute

会议地点：

New Orleans(US)

会议母体文献：

50th Annual Conference of the Decision Sciences Institute 2019

页码：

1644-1673

出版时间：

2019