The Role of Trade Credit in Business Operations

The purpose of this research is to provide an understanding of the contemporary 3PL market in China. This study links trust, IT and 3 PL usage and customer relationships. Also, the importance of social connections in business operations is highlighted. The manuscript shows the influence of trust, IT and 3PL usage on customer service performance, and its consequence for satisfaction and loyalty. 3PL usage appears to have a positive influence on service performance. Furthermore, service performance improves the customer relationship outcomes, in terms of satisfaction and loyalty via trust. Trust seems to have a mediating role.

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Knowledge Management and Business Analytics

Big Data and Knowledge Sharing in Virtual Organizations - Advances in Knowledge Acquisition, Transfer, and Management ◽

10.4018/978-1-5225-7519-1.ch001 ◽

2019 ◽

pp. 1-42

Author(s):

Nirali Nikhilkumar Honest ◽

Atul Patel

Keyword(s):

Big Data ◽

Knowledge Management ◽

Business Intelligence ◽

Business Performance ◽

Virtual Organization ◽

Data Driven ◽

Business Analytics ◽

Broad Category ◽

Business Operations

Knowledge management (KM) is a systematic way of managing the organization's assets for creating valuable knowledge that can be used across the organization to achieve the organization's success. A broad category of technologies that allows for gathering, storing, accessing, and analyzing data to help business users make better decisions, business intelligence (BI) allows analyzing business performance through data-driven insight. Business analytics applies different methods to gain insight about the business operations and make better fact-based decisions. Big data is data with a huge size. In the chapter, the authors have tried to emphasize the significance of knowledge management, business intelligence, business analytics, and big data to justify the role of them in the existence and development of an organization and handling big data for a virtual organization.

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Brand-Led Transformation

Brand Culture and Identity ◽

10.4018/978-1-5225-7116-2.ch055 ◽

2019 ◽

pp. 1022-1051

Author(s):

Pier M. Massa

Keyword(s):

Current Theory ◽

Fundamental Change ◽

Specific Change ◽

Business Operations ◽

Starting Point ◽

Agents Of Change ◽

Service Businesses ◽

Structured Approach ◽

Insight Into

Brand-led transformation is about leveraging the power of a corporate brand to drive fundamental change within organisations. Focused on complex service businesses, the brand serves as the starting point for a systematic process of transformation that drives change down to the level of business operations. This ensures that the principles of the promise are experienced in every interaction that the company has with its customers. Organizations typically struggle with translating brand-led customer-centric strategies into tangible and specific change outcomes at the front line. This chapter melds a practitioner's view with current theory and offers pragmatic and proven approaches to translating these strategies into a framework and a methodology that drives direct customer and company benefits with successful enterprise-wide outcomes that impact the full business. In addition, this structured approach is complemented with insight into a deeper review of the role of agents of change and their impact on implementation across the organization.

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Disaster Management and Continuity Planning in Libraries

International Journal of Risk and Contingency Management ◽

10.4018/ijrcm.2016010103 ◽

2016 ◽

Vol 5 (1) ◽

pp. 26-41 ◽

Cited By ~ 5

Author(s):

Rebecca Hamilton ◽

Diane Brown

Keyword(s):

Success Factor ◽

Short Term ◽

Continuity Planning ◽

Critical Success ◽

Business Operations ◽

Asset Recovery ◽

Disaster Preparation

Libraries are taking on new roles in a disaster and with that comes strategic responsibilities beyond traditional asset recovery activities. In the past, library disaster plans have emphasized recovery of materials. Here, the emphasis is on continuing business operations. Libraries have become the centers of communication for their communities in a crisis. This article will demonstrate the essential role of libraries before, during and after a disaster, both short term and long term and how to get a seat at the table with community planners by demonstrating the functions that are critical to recovery. A literature review and case study are used to develop these recommendations. A critical success factor is to use a disaster preparation methodology that includes a business continuity plan.

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Trade Credit and Product Pricing: The Role of Implicit Interest Rates

Journal of the European Economic Association ◽

10.1093/jeea/jvaa007 ◽

2020 ◽

Author(s):

Niklas Amberg ◽

Tor Jacobson ◽

Erik von Schedvin

Keyword(s):

Interest Rates ◽

Trade Credit ◽

Opportunity Costs ◽

Price Setting ◽

Firm Characteristics ◽

Data Set ◽

Transaction Prices ◽

Financial Conditions ◽

Product Pricing

Abstract We empirically investigate the proposition that firms charge premia on cash prices in transactions involving trade credit. Using a comprehensive panel data set on product-level transaction prices and firm characteristics, we relate trade credit issuance to price setting. In a recession characterized by tightened credit conditions, we find that prices increase significantly more on products sold by firms issuing more trade credit, in response to higher opportunity costs of liquidity and counterparty risks. Our results thus demonstrate the importance of trade credit for price setting and show that trade credit issuance induces a channel through which financial conditions affect prices.

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Impact of Economic Policy Uncertainty on Trade Credit Provision: The Role of Social Trust

Sustainability ◽

10.3390/su12041601 ◽

2020 ◽

Vol 12 (4) ◽

pp. 1601 ◽

Cited By ~ 1

Author(s):

Peng Liu ◽

Daxin Dong

Keyword(s):

Economic Policy ◽

Fixed Effects ◽

Trade Credit ◽

Social Trust ◽

Alternative Measure ◽

Policy Uncertainty ◽

Firm Level ◽

Economic Policy Uncertainty ◽

The Impact

This paper explores the impact of economic policy uncertainty (EPU) on trade credit while taking into account the interactive role of social trust. The analysis is based on the panel data econometric model with fixed effects. Using firm-level data across 16 economies from 1995Q1 to 2015Q1, we find that (i) there exists a negative and highly significant relationship between economic policy uncertainty and the provision of trade credit; (ii) this relation is weaker for firms in countries with higher levels of social trust; and (iii) the effects of EPU and social trust are both more substantial for firms in more financially constrained industries. The impact of social trust is not a result of people’s high confidence in government, an effective legal system of enforcing contracts, a high-quality institutional system or an excellent system of protecting shareholders. Our result is robust if we exclude business cycle effects or use an alternative measure of financial constraints.

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Liquidity Performance Evaluation of Select Steel Companies in India - Descriptive Study

International Journal of Social Sciences and Management ◽

10.3126/ijssm.v3i3.15260 ◽

2016 ◽

Vol 3 (3) ◽

pp. 193-202

Author(s):

M. Krishnamoorthi

Keyword(s):

Working Condition ◽

Working Capital ◽

Return On Assets ◽

Working Capital Management ◽

Effective Utilization ◽

Business Units ◽

Unit Management ◽

Business Operations ◽

Industrial Unit

To satisfy the daily needs of an industrial unit, management should think seriously about Liquidity. Working Capital is such of capital that with the help of which a business remains in working condition. It remains live for any business units, Working Capital can be said to be its life. The role of working capital in business is akin to that o heart in the human body. Funds are the life blood of business body. Just as the hart circulates the blood to various organs of body, funds are rotated to various business activities through proper working capital management and any obstruction in the smooth rotation of funds, may causes serious problem in business operations. The generating of income from assets is a very good position in the majority of large and mid-cap companies, but VISA and KALYANI fail to increase its return on assets due to inefficient and ineffective uses of assets, so these companies should take necessary step to increase income by effective utilization of assets.Int. J. Soc. Sc. Manage. Vol. 3, Issue-3: 193-202

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