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https://ir.iimcal.ac.in:8443/jspui/handle/123456789/4908| 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;Issue 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: | 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://ir.iimcal.ac.in:8443/jspui/handle/123456789/4908 https://doi.org/10.1016/j.im.2022.103661 |
| ISSN: | 0378-7206 (online) |
| Appears in Collections: | Finance and Control |
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