政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/130106

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 113311/144292 (79%)
Visitors : 50939614 Online Users : 955

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大機構典藏 > 社會科學學院 > 經濟學系 > 期刊論文 > Item 140.119/130106

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/130106

Title:	Supply Chain Finance and Impacts of Consumers` Sustainability Awareness
Authors:	何靜嫺 Ho, Shirley J. Sung, Hao-Chang
Contributors:	經濟系
Keywords:	Supply Chain Finance;Bank Credit;Moral Hazard;Default Risk;Corporate Social Responsibility
Date:	2019-04
Issue Date:	2020-06-20 14:11:10 (UTC+8)
Abstract:	Several new methods have been proposed for supply chain finance (SCF) with bank credits, but none of them mentions how to solve the borrowers’ moral hazard problems in SCF. This paper examines the moral hazard problem in supply chain financing with procurement contract (or purchase order). We show that since supply chain is an up-down directed structure, when financing with the procurement contract, the supplier`s effort monitoring task can be rendered to the procurement contract, which can secure the supplier`s optimal effort and capital choices in production. Hence, compared to separate lending, the supplier`s credit rationing problem can be mitigated, and most importantly, banks’ under-estimation on the supplier`s default risk and the over-estimation on the retailer`s default risk will both decrease. We further show that the retailer`s corporate social responsibility expenditure can increase consumers’ brand recognition, thus when facing demand shocks arising from consumer`s unexpected concerns, the retailer can better stabilize the firm value.
Relation:	North American Journal of Economics and Finance
Data Type:	article
DOI 連結:	https://doi.org/10.1016/j.najef.2019.04.005
DOI:	10.1016/j.najef.2019.04.005
Appears in Collections:	[經濟學系] 期刊論文

Files in This Item:

File	Description	Size	Format
22.pdf		197Kb	Adobe PDF2	247	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...