White knight in dark days? Supply chain finance firms, blockchain, and the COVID-19 pandemic

【Author】 Paul, Samit; Adhikari, Arnab; Bose, Indranil

【Source】INFORMATION & MANAGEMENT

【影响因子】10.328

【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 mem-bership in a blockchain consortium and progress in blockchain implementation. Investors' confidence in blockchain reduces the market uncertainty.

【Keywords】Blockchain; COVID-19; Event study; Pandemic; Supply chain finance; Trading volume; Valuation; Event study; Trading volume

【发表时间】2022 SEP

【收录时间】2022-12-13

【文献类型】实证数据

【主题类别】

区块链应用-实体经济-供应链