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: 0378-7206 (online)
Appears in Collections:Finance and Control

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