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

Please use this identifier to cite or link to this item: http://idr.iimranchi.ac.in:8080/xmlui/handle/123456789/1426

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 IIM Ranchi
Issue Date:	Sep-2022
Publisher:	Information & Management
Citation:	Paul, S., Adhikari, A., & Bose, I. (2022). White knight in dark days? Supply chain finance firms, blockchain, and the COVID-19 pandemic. Information & Management, 59(6), 103661.
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.
URI:	https://doi.org/10.1016/j.im.2022.103661 http://idr.iimranchi.ac.in:8080/xmlui/handle/123456789/1426
ISSN:	0378-7206
Appears in Collections:	Journal Articles

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