文档介绍：DECSUP-12288; No of Pages 6
Decision Support Systems xxx (2013) xxx–xxx
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Decision Support Systems
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Finance sourcing in a supply chain
Bing Jing a, Abraham Seidmann b,⁎
a Cheung Kong Graduate School of Business, Oriental Plaza, Tower E3, 3/F, 1 East Chang An Ave., Beijing, 100738, PR China
b W. E. Simon Graduate School of Business Administration, University of Rochester, Rochester, NY 14627, USA
article info abstract
Available online xxxx We examine the relative merits of bank versus trade credit in a supply chain consisting of a manufacturer and
a capital constrained retailer. We show that trade credit is more effective than bank credit in mitigating dou-
Keywords: ble marginalization when production costs are relatively low, and that bank credit becomes more effective
Financing otherwise. Under bank financing, with limited liability the retailer carries the same inventory as if it