Research on the Contagion Mechanism of Associated Credit Risk in the Supply Chain

Authors

Xiaofeng Xie^{1, *,} , Yang Yang², Jing Gu³, Zongfang Zhou¹

¹School of Management and Economics, West China Hospital, Sichuan University, Sichuan, China

¹经济与管理学院，四川大学 华西医院，四川 成都 610041

²School of Economics Mathematics, Southwestern University of Finance and Economics, Sichuan, China

²西南财经大学 经济数学学院，四川 成都 6111302

³School of Economics, Sichuan University, Sichuan, China

³四川大学 经济学院，四川 成都 610065

¹

基金项目：本文研究得到自然科学基金项目：71271043 & 71701066 & 71671144 & 71871447的支持。 通讯作者简介：谢小凤（1981—），女（汉族），重庆潼南人，四川大学华西医院，博士后，副教授，研究方向：供应链管理，信用风险管理，养老风险。

^*Corresponding author. Email: xiexiaofeng@wchscu.cn

DOI

10.2991/jracr.k.200507.001How to use a DOI?

Keywords

Supply chain; associated relationships; associated credit risk; risk source; contagion mechanism

Abstract

In recent years, the credit crisis of Hainan Airlines Holding Co., Ltd., (HNA), Suntech, Bogang, Dunan, Chengxing and other enterprises, as well as the fact that many enterprises and financial institutions in the supply chain suffer heavy losses caused by the credit crisis, make the associated credit risk in the supply chain widely concerned by the industry and academia, and also warn the importance of commercial banks to strengthen the credit risk management of supply chain customers. In order to correctly understand and understand the associated credit risk in the supply chain, this paper reveals the contagion mechanism of the associated credit risk in the supply chain based on multiple perspectives such as the origin, contagion path and basic characteristics of the associated credit risk in the supply chain. The research shows that factors such as supply chain enterprises’ own factors, the association relationship in the supply chain, the external environment of the supply chain and the relationship with the core enterprises form the contagion source of the associated credit risk in the supply chain. Trade credit, loan guarantee and interpersonal relationship constitute the contagion channel of associated credit risk in the supply chain. The contagion effect caused by the association relationship in the supply chain makes the associated credit risk in the supply chain present the characteristics of infectivity, systematization and spillover. This study is helpful for the regulatory authorities to strengthen the management of enterprise credit risk in the supply chain.

Copyright

© 2020 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - JOUR
AU  - Xiaofeng Xie
AU  - Yang Yang
AU  - Jing Gu
AU  - Zongfang Zhou
PY  - 2020
DA  - 2020/05/18
TI  - Research on the Contagion Mechanism of Associated Credit Risk in the Supply Chain
JO  - Journal of Risk Analysis and Crisis Response
SP  - 19
EP  - 22
VL  - 10
IS  - 1
SN  - 2210-8505
UR  - https://doi.org/10.2991/jracr.k.200507.001
DO  - 10.2991/jracr.k.200507.001
ID  - Xie2020
ER  -