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The Study Of Interfirm Trust And Default Risk In Supply Chain

Posted on:2010-11-15Degree:DoctorType:Dissertation
Country:ChinaCandidate:J WangFull Text:PDF
GTID:1119360275988362Subject:Logistics Engineering and Management
Abstract/Summary:PDF Full Text Request
Supply chain management is becoming a popular international business community, an advanced management mode. In recent years, the unexpected events and inter-enterprise supply chain event of an increase in credit and other factors, especially in the rapid development of China's market economy of today, inter-firm "Trust" is facing a severe test, the temptation in the economic benefits, an enterprise has become increasingly difficult to achieve "light Shigenobu Lee", made in the supply chain more and more default risk, default risk is also the harm caused by more and more serious. Therefore, the ability to correctly grasp and set up inter-firm trust and cooperative relations are inter-enterprise supply chain partners to ensure healthy development. Can the supply chain to strengthen the understanding of default risk and prevention, are related to supply chain management the key to achieve the desired results. Through this study, first of all, an increase of default risk on the supply chain effects of supply chain research, enriched by inter-firm trust in the field of research results, in view of the cultural background of Chinese enterprises, set up inter-enterprise supply chain mechanism of trust and its and cooperative. Further expand the supply chain default risk prevention and control research field, so that default risk theoretical research to achieve the system state to supplement the supply chain risk theoretical research. Secondly, help to broaden business ideas, to create trust-based inter-enterprise cooperation and the guiding framework for a competitive advantage. Provided the identification, control and guard against default risk of supply chain practices in guiding China's enterprises in the implementation of supply chain management process of how to avoid risk, to maximize economic efficiency plays an important role, and enhance and make up a realistic and feasible.In this paper, card and system theory, based on field research, adhere to the "true, accurate, comprehensive, profound," the study of thought, along the information on the preparation and carrying out research, theory and qualitative research, empirical studies and enterprise surveys, quantitative research and empirical analysis to supplement the results of research and study of the revised route. The use of game theory, the gray system theory and stochastic analysis on the supply chain system of the default risk of the study, analysis of the supply chain into the formation of the reasons for default risk on the basis of the interpretation from the perspective of micro-generation mechanisms, from the macro-level analysis of default risk to the supply chain has a negative impact on the adoption of suppliers and vendors to establish the two dimensions of the impact of default risk assessment model; to "trust" as the starting point, from the perspective of the localization of inter-enterprise supply chain of trust mechanism and its impact on co-operation, and further identified partners of the supply chain to choose default risk, an analysis of the supply chain to share information to prevent and control the risk of default role. Finally, the new financial perspective the supply chain to prevent and control the risk of default. With a view to effective identification, measurement and the purpose to avoid the risk of default, in order to inter-enterprise supply chain and its breach of trust in the field of risk management system with the relevant theoretical research practice, to make some meaningful exploration.Described in detail the supply chain with the basic knowledge of supply chain management, in order to study the theory of this article set the stage. Qualitative analysis of the supply chain the formation of the reasons for default risk and default risk on the supply chain impacts; to the dual structure of the supply chain (supplier - seller) for the study, based on the ordering process are Stackelberg game, respectively, on the breach of contract and supplier breach of contract vendors both cases, quantitative analysis of default risk on the supply chain impact. Innovation lies in the fact that suppliers to increase the probability of default would lead to optimal vendor order quantity and sales, suppliers and the supply chain to reduce the optimal profit, etc.; vendors to increase the probability of default will result in optimal supplier pricing increase, etc., and case studies were carried out; set up supply and marketing relationship satisfaction model. Analysis shows that, as the two sides do not trust and are not satisfied with the existence of default risk reduces the partnership and supply chain stability.Suitable for Chinese enterprises into local culture of trust dimensions, Chinese enterprises fit into the local culture of trust dimensions, in the antecedent of trust and mechanisms based on research to explore the inter-enterprise supply chain mechanism of trust, trust to extract the impact of the independent variables and control variables; characteristics from the supplier and business relationships with suppliers of both the characteristics of each independent variable on the relationship and trust analysis; through trust and cooperation between enterprises in the relationship between the evolution process, as well as the control variable of its own business characteristics and inter-firm trust and cooperation to study the supply chain co-operation between enterprises of the impact of trust; verified Chinese enterprises to local culture of trust and cooperation of the variables measured. Innovation lies in the fact that the trust is divided into "calculated trust" and "relational trust" two dimensions; the characteristics of the enterprises themselves in order to control the introduction of variables in the model so that inter-firm trust in the emergence of a more perfect mechanism; and cooperation between enterprises classified as "cooperative computing" and "cooperative relationship", calculating the type of trust relationship between the type of co-operation for the direct impact of a significant negative relationship between the trust if the calculation can be translated into relational trust or cooperative computing, will be able to promote cooperative relations. The results show that enterprises in the supplier selection and manner of cooperation between enterprises must take into account the question of trust. Variable measurement results validate the trust and cooperation of Chinese enterprises fit into local culture of a reasonable classification. The trust as an intermediary variable, according to calculations by the assumption that the establishment of inspection.Analysis of partnership benefits at the same time it also brings the risk of default; reviewed the impact of partner selection factors, in order to effectively identify and guard against default risk, the impact of proposed partner selection an important factor in the supply chain on evaluation of partner selection process, analysis of the existing supply chain partners the advantages and disadvantages of options. Innovation lies in the fact that in view of the research system of the characteristics of gray, using gray system theory, based on breach of contract samples, set up a "breach of contract typical enterprise", give the partner of choice method of gray correlation degree. Examples show that this method can effectively identify and guard against supply chain partners of default risk.Analysis of information sharing to prevent and control the role of default risk; based on game theory to prove the realization of information sharing is the important role of incentives in the incentive mechanism, based on the design of information-sharing model and the way information-sharing incentives; analysis were enjoy the realization of the effective ways to prevent and control the risk of default supply chain, including supply chain information technology enterprises, enterprise equity control, strengthening trust and communication, etc.; In addition, for different information, need to adopt different methods of information sharing. Innovation lies in the fact that an appropriate incentives can mobilize the enterprise supply chain information-sharing initiative, and the incentive effect of the degree of realization of the social impact of the speed of information dissemination, given an effective means of information-sharing incentives. The results show that given the focus of equity partners is an information-sharing control of the effective ways.Analysis of supplier-managed inventory (VMI) model of credit risk management, based on the financial point of view, as the main instrument of credit risk management of credit derivatives provide a theoretical basis for analysis; to credit derivatives business letter quality instrument warehouse receipts, are new and very practical value of the VMI credit risk management tools; qualitative analysis of the warehouse receipt letter to the operation of the changes brought about VMI and VMI warehouse receipts operation of the quality of the pricing principle letter, the credit risk embedded in the control model of the loans, set up under the VMI model to consider the credit risk of supply chain revenue distribution mechanism; introduce credit derivatives in the main form of credit default swaps, in the assumption that market risk and default risk under the premise of linear correlation, give a standard credit default swap credit default swaps and long-term pricing of the simple model. Innovation lies in the fact that empirical analysis has been set up under the control of VMI models of credit risk distribution model for supply chain gains practical significance, a further increase in income distribution mechanism operable; found the risk of default are credit default swaps decide the key variables in order to breach of contract vendors For example, the use of credit default swaps to avoid supply chain model of default risk, supplier and marketer of more deals. The results showed that from a financial point of view the use of credit derivatives to prevent and control the supply chain default risk.Domestic and international supply chain management practice has proved that the supply chain at any time are faced with the default risk of the test, as a result of experiencing the harmful effects of the default risk. Although the supply chain, the risk of default probability of the occurrence of high hazard, especially for Chinese enterprises of trust between the relative lack of empirical research. However, studies suggest that the supply chain of inter-firm relationship of trust and cooperation through an effective way to be able to correctly grasp and set up, default risk in the supply chain can take effective measures to identify, prevent and control. Hope that through this study can be inter-enterprise supply chain in China's trust and its breach of contract risk management research has a certain role in promoting, and the results of the study can provide some reference and guidance.
Keywords/Search Tags:Supply Chain, Trust and cooperation, Default Risk
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