Please use this identifier to cite or link to this item:
http://hdl.handle.net/10397/94192
DC Field | Value | Language |
---|---|---|
dc.contributor | Department of Logistics and Maritime Studies | - |
dc.creator | Dong, C | - |
dc.creator | Chen, C | - |
dc.creator | Shi, X | - |
dc.creator | Ng, CT | - |
dc.date.accessioned | 2022-08-11T01:07:45Z | - |
dc.date.available | 2022-08-11T01:07:45Z | - |
dc.identifier.issn | 0925-5273 | - |
dc.identifier.uri | http://hdl.handle.net/10397/94192 | - |
dc.language.iso | en | en_US |
dc.publisher | Elsevier | en_US |
dc.subject | Asset-backed securitization | en_US |
dc.subject | Blockchain technology | en_US |
dc.subject | Centralization | en_US |
dc.subject | Fintech | en_US |
dc.subject | Supply chain | en_US |
dc.title | Operations strategy for supply chain finance with asset-backed securitization : centralization and blockchain adoption | en_US |
dc.type | Journal/Magazine Article | en_US |
dc.identifier.volume | 241 | - |
dc.identifier.doi | 10.1016/j.ijpe.2021.108261 | - |
dcterms.abstract | Supply chain finance (SCF) is a set of financing processes and technology-based business that links supply chain members, in which innovative financial products and technologies, i.e., asset-backed securitization (ABS) and blockchain, have been widely adopted. We use a game-theoretic approach to study the operations strategy for SCF with ABS. More precisely, we explore the issue of centralization, that is, whether a retailer, as a core company in a decentralized supply chain system, should establish her own originated channel, and the impacts of the blockchain adoption on supply chain systems. We find that the core company should not establish her own originated channel when her main business is to sell high-cost products or when the marginal cost of blockchain implementation is sufficiently large. Besides, when the core company builds her own originated channel, the manufacturer should decrease the wholesale price, but the core company should increase the retail price under certain conditions. Interestingly, both the service rate and interest rate in the financing channel remain unchanged. In addition, we find that the impacts of the blockchain technology on the wholesale price, retail price, and discount of the fund depend on the production cost. However, both the service rate and interest rate always decline when the blockchain technology is introduced, because the market becomes more creditable. Moreover, in both decentralized and centralized systems, all supply chain members’ profits are increased if the marginal cost of the blockchain technology is sufficiently low. | - |
dcterms.accessRights | embargoed access | en_US |
dcterms.bibliographicCitation | International journal of production economics, Nov. 2021, v. 241, 108261 | - |
dcterms.isPartOf | International journal of production economics | - |
dcterms.issued | 2021-11 | - |
dc.identifier.scopus | 2-s2.0-85113395061 | - |
dc.identifier.artn | 108261 | - |
dc.description.validate | 202208 bcch | - |
dc.identifier.FolderNumber | a1643 | en_US |
dc.identifier.SubFormID | 45730 | en_US |
dc.description.fundingSource | Others | en_US |
dc.description.fundingText | Dong was supported in part by the National Natural Science Foundation of China under grant numbers 71971215 and 71601187. Shi was supported in part by the National Natural Science Foundation of China under grant number 72071113. Ng was supported in part by the Strategic Public Policy Research Funding Scheme from the Policy Innovation and Co-ordination Office of the Government of the Hong Kong Special Administrative Region (Project Number: S2019.A8.013.19S). | en_US |
dc.description.pubStatus | Published | en_US |
dc.date.embargo | 2024-11-30 | en_US |
dc.description.oaCategory | Green (AAM) | en_US |
Appears in Collections: | Journal/Magazine Article |
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