Supply Chain Finance: The Evolution and the Inner Logic of the Theory

Abstract

Abstract:

Mutual penetration of the real and the virtual economy provides impetus for the development of supply chain finance. It has been a key and hot issue in operation management and finance research field. Using literature study and logic-analysis method, this paper reviews the related literature and evaluates the theoretical development of the supply chain finance. Based on the combing of the related literature systematically, we put forward future directions. Our research shows that the evolution of supply chain finance theory includes five parts:the origin of supply chain finance is the logical starting point; the category and financing models of supply chain finance are the logical foundations; financing services and the comparison among financing services are the logic threads; the financial risk is the logic expansion. In the Future, researchers should exploit new research categories and financing innovation, deepen study risk and integrate online and offline supply chain finance. In addition, they should put more attention on multi-period dynamic analysis, competition among multiple-subject and the effect of asymmetric information.

Key words: supply chain finance, capital constraint, financing decision, operational decision

Xia Yu, Fang Lei, Wei Mingxia. Supply Chain Finance: The Evolution and the Inner Logic of the Theory[J]. , 2019, 31(12): 26-39.

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