Ersahin, Nuri; Giannetti, Mariassunta; Huang, Ruidi - National Bureau of Economic Research - 2023
Using textual analysis of earnings conference calls, we quantify firms' supply chain risk and its sources. Our proxy … for supply chain risk exhibits large cross-sectional and time-series variation that aligns with reasonable priors and is … unprecedently high during the Covid-19 pandemic. In addition, a firm exhibits high supply chain risk when its suppliers also do so …