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华师经英seminar第35期

2021-12-30 16:37:00 来源:院科研办 点击: 收藏本文

【时间】12月30日(周四)下午1:00-2:00

【地点】文三栋MBA中心405会议室

【题目】The supply chain effects of trade credit under uncertain demands

【主讲人】邓思婧博士

【主持人】向地灵博士

【主讲人简介】邓思婧,亚搏手机版官方登录|亚博app客户端讲师。主要从事运营管理,供应链管理等相关研究,研究成果发表在Omega,IJPR等国际知名期刊。主持有国家自然科学基金青年项目,教育部人文社会科学青年基金项目。

【摘要】Trade credit is an important form of short-term financing for capital-constrained small firms. In this paper, we build a supply chain model consisting of one supplier and two competing retailers to investigate the impacts of trade credit on both vertical and horizontal supply chain interactions. The supplier is a large-scale manufacturer with a strong financial status that can offer trade credit to the two downstream retailers who may be financially constrained. The two retailers are engaged in Cournot competition with uncertain market demands. The demand risks may expose a financially distressed retailer to bankruptcy risk, which may be transmitted vertically through trade credit to the upstream supplier. Horizontally, the trade credit and the ensuing bankruptcy risk of one retailer will also affect the other retailer's competition behavior and profit. We find that trade credit has two opposite effects on downstream retailers' selling quantity decisions: it may either aggravate or soften two retailers' competition. Interestingly, when two retailers have unbalanced financial statuses, the supplier may bail-out the financially distressed retailer, and the predation between two retailers exhibits a bidirectional pattern. Moreover, we show that a retailer always benefits from a better financial status. Improvement of the competitor's financial status, however, may be either beneficial or harmful to the retailer, depending on the demand uncertainty and competition intensity. The supplier's preference for the retailers' financial statuses may also be influenced by the demand uncertainty and competition intensity.