报告题目 | Is balanced working capital distribution a good strategy for supply chain financial collaboration? | ||
报告人（单位） | 张恬恬Dr. Tiantian Zhang（University of Nottingham Ningbo China） | ||
点评人（单位） | 刘晓星教授 （东南大学） | 点评人（单位） | 尹威副教授 （东南大学） |
时间地点 | 2021年10月29日星期五下午3：30，腾讯会议ID：680 702 853 | ||
报告内容摘要 | |||
In the spirit of helping bridge the finance gap for Small and Medium-sized Enterprises (SMEs), the existent Supply Chain Finance (SCF) studies focus on innovations in SCF solutions and the financing channels. However, few studies pay attention to the actual flow of capital within the supply chain after the credit is injected from various SCF solutions. Due to the power disparity, the capital that small firms obtain through SCF solutions may eventually flow back to large firms and leave small firms still short of liquidity. This study suggests a Balanced Working Capital Distribution (BWCD) strategy among supply chain firms to coordinate the financial flows. Empirical tests investigating its effectiveness in improving the performance at both supply chain and individual firm level were conducted ex-post. The results show that the BWCD strategy does have a positive impact on the performance of the overall supply chain historically and the main driving force of the overall profitability improvement is the higher margin from sales. We also found evidence that BWCD strategy improves the performance of firms regardless their position at a supply chain and financial condition. The benefit of the BWCD strategy is more significant for upstream firms and financially constrained firms.
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报告人简介 | |||
Dr Tiantian Zhang is an Associate Professor in Economics and Quantitative Methods and the Director of Knowledge Exchange at Nottingham University Business School China (NUBS China). She obtained her PhD in Economics at the Cardiff Business School, Cardiff University (UK). Prior to joining UNNC on September 2012, she worked at Cardiff Business School as a teaching assistant and then at Shanghai Shipping Exchange (SSE) as a senior research fellow. Her research interest is primarily in productivity, efficiency, competitiveness and risk management of banking industry, and also extends to interdisciplinary research of Supply Chain Finance (SCF). She has published in leading international peer-reviewed journals, such as Applied Financial Economics, International Journal of Production Economics, Research in International Business and Finance and Annals of Operations Management. She also serves as reviewer for many leading economics, finance and operations journals. Dr Tiantian Zhang also works closely with the public sector and industries. She has been providing policy consultancy to People’s Bank of China on Financial Inclusion and Financial consumer protection. She has been leading the Executive Education team of NUBS China for many years and was shortlisted for the ‘Keystone award’ of the 2020 Policy Impact and Public Engagement Awards, for their excellent work in providing bridge between academic insight and business practice.
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