OM Forum—Supply Chain Finance Redefined: A Supply Chain-Centric Viewpoint of Working Capital, Hedging, and Risk Management

Published Online:https://doi.org/10.1287/msom.2022.0606

References

  • Adam T, Dasgupta S, Titman S (2007) Financial constraints, competition, and hedging in industry equilibrium. J. Finance 62(5):2445–2473.CrossrefGoogle Scholar
  • Babich V, Kouvelis P (2018) Introduction to the special issue on research at the interface of finance, operations, and risk management (iform): Recent contributions and future directions. Manufacturing Service Oper. Management 20(1):1–18.LinkGoogle Scholar
  • Burkart M, Ellingsen T (2004) In-kind finance: A theory of trade credit. Amer. Econom. Rev. 94(3):569–590.CrossrefGoogle Scholar
  • Cachon GP (2003) Supply chain coordination with contracts. Handbook Oper. Res. Management Sci. 11:227–339.Google Scholar
  • Cohen MA, Lee HL (2020) Designing the right global supply chain network. Manufacturing Service Oper. Management 22(1):15–24.LinkGoogle 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.LinkGoogle Scholar
  • Dong L, Kouvelis P (2020) Impact of tariffs on global supply chain network configuration: Models, predictions, and future research. Manufacturing Service Oper. Management 22(1):25–35.LinkGoogle Scholar
  • Fisman R, Love I (2003) Trade credit, financial intermediary development, and industry growth. J. Finance 58(1):353–374.CrossrefGoogle Scholar
  • Froot KA, Scharfstein DS, Stein JC (1993) Risk management: Coordinating corporate investment and financing policies. J. Finance 48(5):1629–1658.CrossrefGoogle Scholar
  • Froot KA, Scharfstein DS, Stein JC (1994) A framework for risk management. J. Appl. Corporate Finance 7(3):22–33.CrossrefGoogle Scholar
  • Gaur V, Seshadri S (2005) Hedging inventory risk through market instruments. Manufacturing Service Oper. Management 7(2):103–120.LinkGoogle Scholar
  • Giannetti M, Burkart M, Ellingsen T (2011) What you sell is what you lend? Explaining trade credit contracts. Rev. Financial Stud. 24(4):1261–1298.CrossrefGoogle Scholar
  • Huchzermeier A, Cohen MA (1996) Valuing operational flexibility under exchange rate risk. Oper. Res. 44(1):100–113.LinkGoogle Scholar
  • Ingene CA, Parry ME (2004) Mathematical Models of Distribution Channels, vol. 17 (Springer Science & Business Media, Boston).Google Scholar
  • Kouvelis P, Li R (2019) Integrated risk management for newsvendors with value-at-risk constraints. Manuf. Serv. Oper. Manag. 21(4):816–832.LinkGoogle Scholar
  • Kouvelis P, Turcic D (2021) Supporting operations with financial hedging: Cash hedging vs. cost hedging in an automotive industry. Production Oper. Management 30(3):738–749.CrossrefGoogle Scholar
  • Kouvelis P, Xu F (2021) A supply chain theory of factoring and reverse factoring. Management Sci. 67(10):6071–6088.LinkGoogle 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.LinkGoogle Scholar
  • Kouvelis P, Turcic D, Zhao W (2018) Supply chain contracting in environments with volatile input prices and frictions. Manufacturing Service Oper. Management 20(1):130–146.LinkGoogle Scholar
  • Kouvelis P, Wu X, Xiao Y (2019) Cash hedging in a supply chain. Management Sci. 65(8):3928–3947.LinkGoogle Scholar
  • Kouvelis P, Dong L, Boyabatli O, Li R (2012) Handbook of Integrated Risk Management in Global Supply Chains (John Wiley & Sons, Hoboken, NJ).Google Scholar
  • Kouvelis P, Li R, Ding Q (2013) Managing storable commodity risks: The role of inventory and financial hedge. Manufacturing Service Oper. Management 15(3):507–521.LinkGoogle Scholar
  • Modigliani F, Miller MH (1958) The cost of capital, corporation finance and the theory of investment. Amer. Econom. Rev. 48(3):261–297.Google Scholar
  • Park JH, Kazaz B, Webster S (2017) Risk mitigation of production hedging. Production Oper. Management 26(7):1299–1314.CrossrefGoogle Scholar
  • Rogers DS, Leuschner R, Choi TY (2020) Supply Chain Financing: Funding the Supply Chain and the Organization (World Scientific Press, Singapore).CrossrefGoogle Scholar
  • Serrano A, Lekkakos SD (2020) Practical Finance for Operations and Supply Chain Management (MIT Press, Cambridge, MA).Google Scholar
  • Sopranzetti BJ (1998) The economics of factoring accounts receivable. J. Econom. Bus. 50(4):339–359.CrossrefGoogle Scholar
  • Templar S, Hofmann E, Findlay C (2020) Financing the End-to-End Supply Chain: A Reference Guide to Supply Chain Finance (Kogan Page Publishers, London).Google Scholar
  • Tirole J (2010) The Theory of Corporate Finance (Princeton University Press, Princeton, NJ).Google Scholar
  • Trent RJ (2016) Supply Chain Financial Management: Best Practices, Tools, and Applications for Improved Performance (J. Ross Publishing, Plantation, FL).Google Scholar
  • Turcic D, Markou P, Kouvelis P, Corsten D (2023) Automotive procurement under opaque prices: Theory with evidence from the bmw supply chain. Preprint, submitted January 17, https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3464595.Google Scholar
  • Van Mieghem JA (2007) Risk mitigation in newsvendor networks: Resource diversification, flexibility, sharing, and hedging. Management Sci. 53(8):1269–1288.LinkGoogle Scholar
  • Zeidan R (2022) The General Model of Working Capital Management (Palgrave Macmillan, London).CrossrefGoogle Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.