Inventories and the concentration of suppliers and customers: Evidence from the Chinese manufacturing sector

Casalin, Fabrizio; Pang, Gu; Maioli, Sara; Cao, Ting

doi:10.1016/j.ijpe.2017.07.010

Cited by 59 publications

(42 citation statements)

References 45 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…6 We first obtain 152 firms that adopted GRI for at least three continuous years during the period 2008-2016 from the CSMAR database. In the process, we exclude financial services and real estate companies because their data are very different from that of other firms (H. Kang & Liu, 2014) and those issuing B shares (subscribed, bought, and sold in foreign currencies) or H shares (denominated in the Hong Kong dollar) (Casalin, Pang, Maioli, & Cao, 2017). There are 122 GRI-reporting firms remained.…”

Section: Event Study Methodsmentioning

confidence: 99%

Does GRI Sustainability Reporting Pay Off? An Empirical Investigation of Publicly Listed Firms in China

et al. 2019

View full text Add to dashboard Cite

The Global Reporting Initiative (GRI) guidelines have emerged as an important instrument used by firms to structure the content of sustainability reporting (SR). This development has led to the question of whether the elaboration of GRI SR is beneficial to a firm’s financial performance. In this study, building on signaling theory, we carry out an empirical investigation of the impact of GRI SR on firm profitability and the factors moderating that impact. Drawing from the China Stock Market and Accounting Research (CSMAR), the WIND Economic, and the Chinese Research Data Services Platform (CNRDS) databases, we identified a sample of 122 listed firms with GRI SR in China. We then employed an event study method to compare the firms following GRI SR with a set of matched firms reporting sustainability without following the GRI guidelines. The results show that GRI SR significantly increases firm profitability. Moreover, firms with local political ties reap more benefits from GRI SR, while the moderating effect of central political ties is not significant. Surprisingly, the performance impact of GRI SR is negatively correlated to the firm’s internationalization level.

show abstract

Section: Event Study Methodsmentioning

confidence: 99%

Does GRI Sustainability Reporting Pay Off? An Empirical Investigation of Publicly Listed Firms in China

et al. 2019

View full text Add to dashboard Cite

show abstract

“…As summarized in Table 1, existing research mainly investigates the effect of SPC on operational outcomes and firm performance. For example, high SPC has been found to reduce product recalls (Steven et al, 2014), decrease the insourcing ratio in plural sourcing (Sako et al, 2016), enable firms to hold fewer inventories (Casalin et al, 2017), increase firms' cash holdings (Zhang et al, 2020), and improve financial performance (Elking et al, 2017). Besides, Schwieterman et al (2018) investigated the effect of SPC on firm credit risk and revealed that SPC is not significant to credit ratings.…”

Section: A Literature Review Of Supplier Portfolio Concentrationmentioning

confidence: 99%

Do more concentrated supplier portfolios benefit firm innovation? The moderating roles of financial slack and growth opportunities

Chen

Liu

Tang

2022

IJOPM

View full text Add to dashboard Cite

PurposeFirms are increasingly depending on supplier portfolios in the quest for firm innovation. However, whether concentrated supplier portfolios are beneficial to innovation remains highly disputed. This study aims to investigate the effect of supplier portfolio concentration on firm innovation and the contingencies that shape this effect.Design/methodology/approachThe authors build on the knowledge search view to theorize a U-shaped effect of supplier portfolio concentration on firm innovation and further propose that the U-shaped effect is contingent on financial slack and growth opportunities. The authors collected panel data from 1,320 manufacturing firms in China. The negative binomial regression analyses were performed to test the hypotheses.FindingsSupplier portfolio concentration has a U-shaped effect on firm innovation. This U-shaped effect is weakened and flipped by financial slack but strengthened by growth opportunities.Originality/valueThe findings extend current understandings of the influence of supplier portfolio on firm innovation by clarifying the U-shaped effect of supplier portfolio concentration on innovation and the circumstances under which supplier portfolio concentration is more effective for firm innovation.

show abstract

“…To fully obtain the cooperation and competition status of the supplier relationship strategy, the measurement index of the supplier relationship strategy requires reflecting not only the closeness of the relationship between enterprises and suppliers but also their bargaining advantages. This study refers to the existing literature and applies supplier concentration as one of the indicators to measure the supplier relationship strategy ( 16 , 17 , 59 , 60 ). For another dimension of supplier relations, considering the work of Wang and Wang ( 61 ), supplier financing that is the net occupation of enterprises, to supplier financing, is selected.…”

Section: Sample Selection and Datamentioning

confidence: 99%

Analysis of the Impact of Supply Chain Relationship Strategy on Corporate Cash Dividend Policy Based on Chinese Data

Yang

Sun

2022

Front. Public Health

View full text Add to dashboard Cite

With the development and application of e-commerce in the process of supply chain integration, the choice of supplier centralized strategy or decentralized mode and how to use supplier financing have become significant contents of supply chain management. This study investigates the effect of competition and cooperation on the corporate cash dividend policy under the influence of the supplier relationship strategy and its mediating mechanism based on Chinese data. The motivation of this study is to provide a basis for enterprises to grasp the dynamic evolution process of the economic consequences of supply chain relationships based on big data and adjust the relationship strategy in time to maximize the positive effects of supplier relationships. This study considers supplier concentration and supplier financing as two dimensions to measure the supplier relationship strategy and selects the balanced panel data of Chinese A-share listed companies from 2007 to 2020 as samples by applying the Logit and Tobit model. The results demonstrate that the supplier relationship is negatively correlated with the cash dividends. The intermediary effect found that the competition effect of the supplier relationship aggravates the agency conflict of enterprises and intensifies the degree of financing constraints, and thus acts on the cash dividends of enterprises. This study expands the economic consequences of relational transactions and provides an explanation of dividend policies from the perspective of a supply chain.

show abstract

Inventories and the concentration of suppliers and customers: Evidence from the Chinese manufacturing sector

Cited by 59 publications

References 45 publications

Does GRI Sustainability Reporting Pay Off? An Empirical Investigation of Publicly Listed Firms in China

Does GRI Sustainability Reporting Pay Off? An Empirical Investigation of Publicly Listed Firms in China

Do more concentrated supplier portfolios benefit firm innovation? The moderating roles of financial slack and growth opportunities

Analysis of the Impact of Supply Chain Relationship Strategy on Corporate Cash Dividend Policy Based on Chinese Data

Contact Info

Product

Resources

About