Please use this identifier to cite or link to this item:
https://ir.iimcal.ac.in:8443/jspui/handle/123456789/4652| Title: | White knight in dark days? Supply chain finance firms, blockchain, and the COVID-19 pandemic |
| Authors: | Paul, Samit Adhikari, Arnab Bose, Indranil |
| Keywords: | Blockchain COVID-19 Event study Pandemic Supply chain finance Trading volume Valuation |
| Issue Date: | Sep-2022 |
| Publisher: | Information & Management |
| Series/Report no.: | Vol. 59;No. 6 |
| Abstract: | We investigate the impact of the announcement of the COVID-19 pandemic on the market value and trading volume of supply chain finance (SCF) firms. Using an event study, we observe a significant valuation loss and higher trading volume of SCF firms. However, blockchain-enabled SCF firms are protected from such valuation loss and volatility in trading. We find that higher research and development (R&D) and capital expenditures by firms prevent the loss. Moreover, the firm value of blockchain-enabled SCF firms is impacted by their membership in a blockchain consortium and progress in blockchain implementation. Investors’ confidence in blockchain reduces the market uncertainty. |
| Description: | Biosketch: Samit Paul, Finance and Control Group, Indian Institute of Management Calcutta, Diamond Harbour Road, Joka, Kolkata, West Bengal 700104, India; Arnab Adhikari, Operations Management Group, Indian Institute of Management Ranchi, Suchana Bhawan, Ranchi, Jharkhand 834008, India; Indranil Bose, Department of Information Systems, Supply Chain Management, and Decision Support, NEOMA Business School, Reims 51100, France. |
| URI: | https://doi.org/10.1016/j.im.2022.103661 https://ir.iimcal.ac.in:8443/jspui/handle/123456789/4652 |
| ISSN: | 1872-7530 (online) |
| Appears in Collections: | Finance and Control |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.