Sustaining Production Chains through Financial Linkages

The technological constraints on sustaining production chains have been discussed extensively by development economists, but the role of financial linkages has received less attention. In a model of recursive moral hazard for a manufacturing supply chain, we show that the structure of interlocking r...

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Veröffentlicht in:	The American economic review 2012-05, Vol.102 (3), p.402-406
Hauptverfasser:	Kim, Se-Jik, Shin, Hyun Song
Format:	Artikel
Sprache:	eng
Schlagworte:	Accounts receivable Cash flow Commercial production Costs Credit Economic theory GLOBAL PRODUCTION CHAINS Incentive pay Invoices Manufacturers Manufacturing Moral hazard Moral hazard models Payments Present value Prices Production costs Production efficiency Suppliers Supply chain management Sustainability Transition economies Working capital
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