Buyer Intermediation in Supplier Finance

References

• Aitkin M, Wilson GT (1980) Mixture models, outliers, and the EM algorithm. Technometrics 22(3):325–331.Crossref, Google Scholar
• Alan Y, Gaur V (2018) Operational investment and capital structure under asset-based lending. Manufacturing Service Oper. Management 20(4):637–654.Link, Google Scholar
• Allon G, Federgruen A, Pierson M (2011) How much is a reduction of your customers’ wait worth? An empirical study of the fast-food drive-thru industry based on structural estimation methods. Manufacturing Service Oper. Management 13(4):489–507.Link, Google Scholar
• Anderson ET, Fitzsimons GJ, Simester D (2006) Measuring and mitigating the costs of stockouts. Management Sci. 52(11):1751–1763.Link, Google Scholar
• Ashenfelter O, Card D (1985) Using the longitudinal structure of earnings to estimate the effect of training programs. Rev. Econom. Statist. 67(4):648–660.Crossref, Google Scholar
• Berry S, Levinsohn J, Pakes A (1995) Automobile prices in market equilibrium. Econometrica: J. Econometric Soc. 63(4):841–890.Crossref, Google Scholar
• Cadenillas A, Lakner P, Pinedo M (2013) Optimal production management when demand depends on the business cycle. Oper. Res. 61(4):1046–1062.Link, Google Scholar
• Caldentey R, Chen X (2009) The role of financial services in procurement contracts. The Handbook of Integrated Risk Management in Global Supply Chains (John Wiley & Sons, Hoboken, NJ), 289–326.Google Scholar
• Chen L, Kök AG, Tong JD (2013) The effect of payment schemes on inventory decisions: The role of mental accounting. Management Sci. 59(2):436–451.Link, Google Scholar
• Cohen MA, Ho TH, Ren ZJ, Terwiesch C (2003) Measuring imputed cost in the semiconductor equipment supply chain. Management Sci. 49(12):1653–1670.Link, Google Scholar
• Corsten D (2010) Nestlé Russia LLC-Supplier Finance Programme. Case, IE Business School, Madrid, Spain.Google Scholar
• Cunat V (2007) Trade credit: Suppliers as debt collectors and insurance providers. Rev. Financial Stud. 20(2):491–527.Crossref, Google Scholar
• Dada M, Hu Q (2008) Financing newsvendor inventory. Oper. Res. Lett. 36(5):569–573.Crossref, Google Scholar
• Dempster AP, Laird NM, Rubin DB (1977) Maximum likelihood from incomplete data via the EM algorithm. J. Roy. Statist. Soc. Ser. B (Methodological) 39(1):1–38.Crossref, Google Scholar
• Ding Q, Dong L, Kouvelis P (2007) On the integration of production and financial hedging decisions in global markets. Oper. Res. 55(3):470–489.Link, Google Scholar
• Gaur V, Seshadri S (2005) Hedging inventory risk through market instruments. Manufacturing Service Oper. Management 7(2):103–120.Link, Google Scholar
• Jing B, Chen X, Cai GG (2012) Equilibrium financing in a distribution channel with capital constraint. Production Oper. Management 21(6):1090–1101.Crossref, Google Scholar
• Klapper L (2006) The role of factoring for financing small and medium enterprises. J. Banking and Finance 30(11):3111–3130.Crossref, Google Scholar
• Klapper L, Laeven L, Rajan R (2012) Trade credit contracts. Rev. Financial Stud. 25(3):838–867.Crossref, Google Scholar
• Kouvelis P, Zhao W (2011) The newsvendor problem and price-only contract when bankruptcy costs exist. Production Oper. Management 20(6):921–936.Crossref, Google Scholar
• Kouvelis P, Zhao W (2012) Financing the newsvendor: Supplier vs. bank, and the structure of optimal trade credit contracts. Oper. Res. 60(3):566–580.Link, Google Scholar
• Kouvelis P, Zhao W (2015) Supply chain contract design under financial constraints and bankruptcy costs. Management Sci. 62(8):2341–2357.Link, Google Scholar
• LaLonde RJ (1986) Evaluating the econometric evaluations of training programs with experimental data. Amer. Econom. Rev. 76(4):604–620.Google Scholar
• Luo W, Shang K (2014) Managing inventory for entrepreneurial firms with trade credit and payment defaults.Working paper, IESE Business School, Barcelona, Spain.Google Scholar
• Murfin J, Njoroge K (2015) The implicit costs of trade credit borrowing by large firms. Rev. Financial Stud. 28(1):112–145.Crossref, Google Scholar
• Musalem A, Olivares M, Bradlow ET, Terwiesch C, Corsten D (2010) Structural estimation of the effect of out-of-stocks. Management Sci. 56(7):1180–1197.Link, Google Scholar
• NBSC (2014) National Bureau of Statistics of China, indicators: price indices. Last accessed October 24, 2017, http://data.stats.gov.cn/english/easyquery.htm?cn=C01.Google Scholar
• Olivares M, Terwiesch C, Cassorla L (2008) Structural estimation of the newsvendor model: An application to reserving operating room time. Management Sci. 54(1):41–55.Link, Google Scholar
• Porteus EL (2002) Foundations of Stochastic Inventory Theory (Stanford University Press, Stanford, CA).Crossref, Google Scholar
• Rosenbaum PR, Rubin DB (1984) Reducing bias in observational studies using subclassification on the propensity score. J. Amer. Statist. Assoc. 79(387):516–524.Crossref, Google Scholar
• Rui H, Lai G (2015) Sourcing with deferred payment and inspection under supplier product adulteration risk. Production Oper. Management 24(6):934–946.Crossref, Google Scholar
• Tanrisever F, Cetinay H, Reindorp M, Fransoo JC (2015) Reverse factoring for SME finance. Working paper, Bilkent University, Ankara, Turkey.Google Scholar
• Terwiesch C, Ren ZJ, Ho TH, Cohen MA (2005) An empirical analysis of forecast sharing in the semiconductor equipment supply chain. Management Sci. 51(2):208–220.Link, Google Scholar
• Tomlin B (2006) On the value of mitigation and contingency strategies for managing supply chain disruption risks. Management Sci. 52(5):639–657.Link, Google Scholar
• Tomlin B, Wang Y (2005) On the value of mix flexibility and dual sourcing in unreliable newsvendor networks. Manufacturing Service Oper. Management 7(1):37–57.Link, Google Scholar
• Tunca TI, Zenios SA (2006) Supply auctions and relational contracts for procurement. Manufacturing Service Oper. Management 8(1):43–67.Link, Google Scholar
• Van der Vliet K, Reindorp MJ, Fransoo JC (2015) The price of reverse factoring: Financing rates vs. payment delays. Eur. J. Oper. Res. 242(3):842–853.Crossref, Google Scholar
• Whitt W (1981) The stationary distribution of a stochastic clearing process. Oper. Res. 29(2):294–308.Link, Google Scholar
• Wu A, Huang B, Chiang DM-H (2014) Support SME suppliers through buyer-backed purchase order financing. Working paper, National Chung Hsing University, Taichung City, Taiwan.Crossref, Google Scholar
• Xu X, Birge J (2004) Joint production and financing decisions: Modeling and analysis. (October), http://dx.doi.org/10.2139/ssrn.652562.Google Scholar
• Yang SA, Birge J (2013) How inventory is (should be) financed: Trade credit in supply chains with demand uncertainty and costs of financial distress. (February 1), https://ssrn.com/abstract=1734682.Google Scholar
• Yang ZB, Aydın G, Babich V, Beil DR (2009) Supply disruptions, asymmetric information, and a backup production option. Management Sci. 55(2):192–209.Link, Google Scholar