Research Article
Long-Term Financing for star Suppliers
@INPROCEEDINGS{10.4108/eai.19-5-2023.2334359, author={Sijie Xiao and Runqiong Zheng}, title={Long-Term Financing for star Suppliers}, proceedings={Proceedings of the 2nd International Conference on Bigdata Blockchain and Economy Management, ICBBEM 2023, May 19--21, 2023, Hangzhou, China}, publisher={EAI}, proceedings_a={ICBBEM}, year={2023}, month={7}, keywords={superstar firm supply chain long-term financing}, doi={10.4108/eai.19-5-2023.2334359} }- Sijie Xiao
Runqiong Zheng
Year: 2023
Long-Term Financing for star Suppliers
ICBBEM
EAI
DOI: 10.4108/eai.19-5-2023.2334359
Abstract
To gain further insight into the impact of centralized supply chain relationships on superstar suppliers, we conduct a comprehensive analysis of financial data from North American listed companies. Our findings suggest that these relationships can have a significant impact on superstar suppliers' long-term financing decisions Specifically, we find that linkages between superstar suppliers and superstar firms can lead superstar suppliers to increase their absorption of foreign capital, issue more equity, and increase their long-term debt. Overall, this study highlights the importance of studying the role of concentrated supply chain relationships in shaping superstar suppliers' financing decisions and capital structures.
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