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rates due to increased risk, helped affected customers to maintain investment and employment. However, the shock led to …
Persistent link: https://www.econbiz.de/10012257044
Using textual analysis of earnings conference calls, we quantify firm level risk arising from the reliability of the … supply chain from 2002 to 2020. Our proxy for perceived supply chain risk exhibits cross-sectional and time-series variation … higher supply chain risk establish relationships with closer and domestic suppliers and with suppliers that are industry …
Persistent link: https://www.econbiz.de/10013296905
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Using information on about 10 million inter-firm transactions, we provide evidence that suppliers offer cheap trade credit to ease competition in downstream markets. We show theoretically that suppliers that have to transfer surplus to high-bargaining-power customers would want to offer an...
Persistent link: https://www.econbiz.de/10012853456
descriptive analysis, for profitability, liquidity risk, credit risk, operational risk and also economic environment as to take a …
Persistent link: https://www.econbiz.de/10012918718
In this paper, using news reflected in the stock market as a benchmark for the public information of suppliers, we find significant incremental information revelation in the credit default swap market of the customers. The information revelation is more significant during the periods when either...
Persistent link: https://www.econbiz.de/10012929378
We study how production networks adapt when natural disasters affect the reliability of a firm in the network. Affected firms extend more trade credit to their customers, especially if these customers are important and would be difficult to replace. The suppliers of affected firms appear to...
Persistent link: https://www.econbiz.de/10013218015
This study examines the effects of global supply chain pressures on firm leverage ratios. I find that firms have historically responded to global supply pressures by reducing their total debt ratios. However, during the extreme pressures of the COVID-19 pandemic, firms sharply increased...
Persistent link: https://www.econbiz.de/10013491906
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