Value chain perspective on the use of trade credit during the 2006–2015 business cycle–evidence from Eurozone SMEs

Perttu Hautala, Harri Lorentz*, Juuso Töyli

*Tämän työn vastaava kirjoittaja

Tutkimustuotos: LehtiartikkeliArticleScientificvertaisarvioitu

1 Sitaatiot (Scopus)

Abstrakti

In order to understand whether advanced chain spanning coordination is needed within the framework of supply chain finance, we address the question on how a business cycle affects the use of trade credit in different tiers of the value chain in SMEs. In order to address this research question, we utilise the panel regression analysis on a dataset comprising of a longitudinal sample of SME companies in the Eurozone over a period of 10 years from 2006 until 2015. We conclude that trade credit is counter-cyclical in nature, the business cycle has affected the value chain tiers with differing severity with manufacturing end of the value chain being the most affected, and there may exist a propagating liquidity shock in the value chain. Therefore, we suggest that supply chain spanning coordination of financing and trade credit is an essential area in advanced supply chain finance.

AlkuperäiskieliEnglanti
Sivut204-227
Sivumäärä24
JulkaisuInternational Journal of Logistics Research and Applications
Vuosikerta22
Numero2
DOI - pysyväislinkit
TilaJulkaistu - 4 maaliskuuta 2019
OKM-julkaisutyyppiA1 Julkaistu artikkeli, soviteltu

Sormenjälki Sukella tutkimusaiheisiin 'Value chain perspective on the use of trade credit during the 2006–2015 business cycle–evidence from Eurozone SMEs'. Ne muodostavat yhdessä ainutlaatuisen sormenjäljen.

  • Siteeraa tätä