Nonlinear impact of supply chain finance on the performance of seafood firms: A case study from Vietnam

Doan, T.; Bui, T.

Growing Science » Uncertain Supply Chain Management » Nonlinear impact of supply chain finance on the performance of seafood firms: A case study from Vietnam

Journals

USCM Volumes

Volume 1 (22)
- Issue 1 (4)
- Issue 2 (6)
- Issue 3 (6)
- Issue 4 (6)

Volume 2 (32)
- Issue 1 (7)
- Issue 2 (5)
- Issue 3 (10)
- Issue 4 (10)

Volume 3 (39)
- Issue 1 (9)
- Issue 2 (13)
- Issue 3 (10)
- Issue 4 (7)

Volume 4 (31)
- Issue 1 (10)
- Issue 2 (6)
- Issue 3 (6)
- Issue 4 (9)

Volume 5 (26)
- Issue 1 (6)
- Issue 2 (6)
- Issue 3 (8)
- Issue 4 (6)

Volume 6 (25)
- Issue 1 (7)
- Issue 2 (6)
- Issue 3 (6)
- Issue 4 (6)

Volume 7 (57)
- Issue 1 (8)
- Issue 2 (19)
- Issue 3 (14)
- Issue 4 (16)

Volume 8 (82)
- Issue 1 (20)
- Issue 2 (15)
- Issue 3 (17)
- Issue 4 (30)

Volume 9 (117)
- Issue 1 (25)
- Issue 2 (26)
- Issue 3 (32)
- Issue 4 (34)

Volume 10 (150)
- Issue 1 (28)
- Issue 2 (32)
- Issue 3 (44)
- Issue 4 (46)

Volume 11 (190)
- Issue 1 (42)
- Issue 2 (45)
- Issue 3 (50)
- Issue 4 (53)

Volume 12 (244)
- Issue 1 (55)
- Issue 2 (59)
- Issue 3 (63)
- Issue 4 (67)

Volume 13 (45)
- Issue 1 (15)
- Issue 2 (15)
- Issue 3 (15)

Countries

Uncertain Supply Chain Management

ISSN 2291-6830 (Online) - ISSN 2291-6822 (Print) Quarterly Publication Volume 8 Issue 2 pp. 267-272 , 2020

Nonlinear impact of supply chain finance on the performance of seafood firms: A case study from Vietnam Pages 267-272 Download PDF

Authors: Thu-Trang Thi Doan, Toan Ngoc Bui

DOI: 10.5267/j.uscm.2020.1.001

Keywords: GMM, Nonlinear, Performance, Supply chain finance, Vietnam

Abstract: Supply chain finance has become an interesting research topic which attracts lots of attention from scholars recently, particularly after the global financial crisis. However, only few studies have examined the causal relationship between supply chain finance and firm performance. More specially, there is a big research gap when almost none of existing research has analysed the nonlinear impact of supply chain finance on firm performance. With this aim, this paper succeeds in giving first empirical evidence on the U-shaped nonlinear relationship between supply chain finance and the performance of seafood firms in Vietnam. Specifically, a bad performance of supply chain finance (the increase in cash conversion cycle - CCC) causes a lower firm performance (FP). Nevertheless, if any decrease in firm performance reaches its minimum (CCC*), the restructuring of the firm will gradually improve it. In addition, firm performance is significantly influenced by controlled variables of firm-specific, firm size (SIZE) and capital structure (CAP), and macroeconomic, economic growth (EG), factors. The findings are valuable for the management as well as scholars in bringing a more comprehensive perspective on the causal relationship between supply chain finance and firm performance.

How to cite this paper

 Doan, T & Bui, T. (2020). Nonlinear impact of supply chain finance on the performance of seafood firms: A case study from Vietnam.Uncertain Supply Chain Management, 8(2), 267-272.

Refrences

Akinlo, O., & Asaolu, T. (2012). Profitability and Leverage: Evidence from Nigerian firms. Global journal of business research, 6(1), 17-25.
Ameen, A., & Shahzadi, K. (2017). Impact of Capital Structure on Firms Profitability: Evidence from Cement Sector of Pakistan. Research Journal of Finance and Accounting, 8(7), 29-34.
Azhagaiah, R., & Gavoury, C. (2011). The Impact of Capital Structure on Proﬁtability with Special Reference to it Industry in India. Managing Global Transitions, 9(4), 371-392.
Bui, T.N. (2020a). Domestic credit and economic growth in Asean countries: A nonlinear approach. International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies, 11(2), 1-9.
Bui, T.N. (2020b). Supply chain finance, financial development and profitability of real estate firms in Vietnam. Uncertain Supply Chain Management, 8(1), 37-42.
Chechet, I.L., & Olayiwola, A.B. (2014). Capital Structure and Profitability of Nigerian Quoted Firms: The Agency Cost Theory Perspective. American International Journal of Social Science, 3(1), 139-158.
Daud, W.M.N.W., Norwani, N.M., Mansor, A.A., & Endut, W.A. (2016). Does Financing Decision Influence Corporate Performance in Malaysia?. International Journal of Economics and Financial Issues, 6(3), 1165-1171.
Doan, T.T.T. (2020a). Profitability of real estate firms: Evidence using GMM estimation. Management Science Letters, 10(2), 327-332.
Doan, T.T.T. (2020b). Financing decision and firm performance: Evidence from an emerging country. Management Science Letters, 10(4), 849-854.
Doytch, N., & Uctum, M. (2011). Does the worldwide shift of FDI from manufacturing to services accelerate economic growth? A GMM estimation study. Journal of International Money and Finance, 30(3), 410-427.
Ghayas, A., & Akhter, J. (2018). Impact of Capital Structure on Profitability: An empirical analysis of listed firms in India. Asian Journal of Managerial Science, 7(2), 1-6.
González, V.M. (2013). Leverage and corporate performance: International evidence. International Review of Economics and Finance, 25, 169-184.
Klapper, L.F. (2006). The role of factoring for financing small and medium enterprises. Journal of Banking & Finance, 30(11), 3111-3130.
Lekkakos, S.D., & Serrano, A. (2016). Supply chain finance for small and medium sized enterprises: the case of reverse factoring. International Journal of Physical Distribution & Logistics Management, 46(4), 367-392.
Liebl, J., Hartmann, E., & Feisel, E. (2016). Reverse factoring in the supply chain: objectives, antecedents and implementation barriers. International Journal of Physical Distribution & Logistics Management, 46(4), 393-413.
Malik, H. (2011). Determinants of Insurance Companies Profitability: an Analysis of Insurance Sector of Pakistan. Academic Research International, 1(3), 315-321.
Pfohl, H.C., & Gomm, M. (2009). Supply chain finance: optimizing financial flows in supply chains. Logistics Research, 1(3), 149-161.
Polak, P., Sirpal, R., & Hamdan, M. (2012). Post-crisis emerging role of the treasurer. European Journal of Scientific Research, 86(3), 319-339.
Raghavan, N.S., & Mishra, V.K. (2011). Short-term ﬁnancing in a cash-constrained supply chain. International Journal of Production Economics, 134(2), 407-412.
Vithessonthi, C., & Tongurai, J. (2015). The effect of leverage on performance: Domestically-oriented versus internationally-oriented firms. Research in International Business and Finance, 34, 265-280.
Wuttke, D.A., Blome, C., Foerstl, K., & Henke, M. (2013). Managing the innovation adoption of supply chain finance – empirical evidence from six European case studies. Journal of Business Logistics, 34(2), 148-166.
Zhang, T., Zhang, C.Y., & Pei, Q. (2019). Misconception of Providing Supply Chain Finance: Its Stabilising Role. International Journal of Production Economics, 213, 175-184.