Concentrated supply chain membership and financial performance: Chain- and firm-level perspectives
- ISSN: 02726963
- DOI: 10.1016/j.jom.2009.06.002
Abstract
Abstract: This study reports evidence that concentrated 3-firm supply chains achieve superior financial performance, and that supply chains financial performance varies systematically with measures of chain concentration and chain duration. Results from firm-level analyses suggest that the profitability benefits of supply chain relationships are captured predominantly by downstream chain members, whereas cash cycle benefits are realized throughout the supply chain. Firm-level tests also reveal that chain members financial performance varies systematically with measures of downstream bargaining power, downstream relationship duration, and degree of supply consolidation. The study''s chain- and firm-level analyses employ data extracted from sample firms publicly available financial reports, including their major customer disclosures under Statement of Financial Accounting Standards Nos. 131 (1997) and 14 (1976). Copyright &y& Elsevier
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