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Supply chain efficiency, value creation and the economic crisis – An empirical assessment of the European automotive industry 2002–2010

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  • Brandenburg, Marcus

Abstract

This paper seeks to evaluate the development of supply chain (SC) efficiency and the resulting impacts on company value. In a secondary data analysis of the European automotive industry, the trends of cost efficiency and working capital performance in the years 2002–2010 and the resulting value impacts are assessed. It is detected that many companies failed to manage cost and working capital in a balanced and value-adding way, which resulted in considerable value losses. The economic crisis is identified as an amplifier, but not the major cause of these negative trends. Originality and value of the paper arise from the scarcity of financial analyses that focus on the car sector or that measure and compare several factors of SC efficiency or value creation.

Suggested Citation

  • Brandenburg, Marcus, 2016. "Supply chain efficiency, value creation and the economic crisis – An empirical assessment of the European automotive industry 2002–2010," International Journal of Production Economics, Elsevier, vol. 171(P3), pages 321-335.
    • Handle: RePEc:eee:proeco:v:171:y:2016:i:p3:p:321-335
    DOI: 10.1016/j.ijpe.2015.07.039
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    2. Jędrzej Charłampowicz, 2018. "Supply Chain Efficiency On The Maritime Container Shipping Markets – Selected Issues," Business Logistics in Modern Management, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 18, pages 357-368.
    3. Anastasia D. Mitropoulou & Giannis T. Tsoulfas, 2021. "Using a Modified SERVQUAL Approach to Assess the Quality of Supply Chain Services in Greek Online Supermarkets," Logistics, MDPI, vol. 5(4), pages 1-17, October.
    4. Navid Salmanzadeh-Meydani & S. M. T. Fatemi Ghomi & Seyedhamidreza Shahabi Haghighi & Kannan Govindan, 2023. "A multivariate quantitative approach for sustainability performance assessment: An upstream oil and gas company," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(3), pages 2777-2807, March.
    5. Deepankar Sinha, 2020. "‘Efficiency and Performance of Global Supply Chain: Theory and Evidence’," Foreign Trade Review, , vol. 55(4), pages 447-449, November.
    6. Wetzel, Philipp & Hofmann, Erik, 2019. "Supply chain finance, financial constraints and corporate performance: An explorative network analysis and future research agenda," International Journal of Production Economics, Elsevier, vol. 216(C), pages 364-383.
    7. Pirttilä, M. & Virolainen, V.M. & Lind, L. & Kärri, T., 2020. "Working capital management in the Russian automotive industry supply chain," International Journal of Production Economics, Elsevier, vol. 221(C).
    8. Zhou, Lianjie & Hu, Junhui & Liu, Dongshuang & He, Mengwei, 2023. "Studying the role of fiscal policy to utilize natural resources development: Leads to sustainable development goals," Resources Policy, Elsevier, vol. 84(C).
    9. Erik Hofmann & Yannick Sertori, 2020. "Financial Spillover Effects in Supply Chains: Do Customers and Suppliers Really Benefit?," Logistics, MDPI, vol. 4(1), pages 1-27, March.
    10. Dimitrios Folinas & Naoum Tsolakis & Dimitrios Aidonis, 2018. "Logistics Services Sector and Economic Recession in Greece: Challenges and Opportunities," Logistics, MDPI, vol. 2(3), pages 1-16, August.
    11. Changhee Kim & Hyun Jung Kim, 2019. "A study on healthcare supply chain management efficiency: using bootstrap data envelopment analysis," Health Care Management Science, Springer, vol. 22(3), pages 534-548, September.
    12. Adam Kolinski & Ewa Jaskolska, 2018. "Analysis Of The Information Flow Efficiency In The Intermodal Supply Chain - Research Results," Business Logistics in Modern Management, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 18, pages 135-155.
    13. Hahn, G.J. & Brandenburg, M. & Becker, J., 2021. "Valuing supply chain performance within and across manufacturing industries: A DEA-based approach," International Journal of Production Economics, Elsevier, vol. 240(C).

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