IDEAS home Printed from https://ideas.repec.org/a/eee/proeco/v220y2020ics0925527319302634.html
   My bibliography  Save this article

Drivers and outcomes of supply chain finance adoption: An empirical investigation in China

Author

Listed:
  • Wang, Zhiqiang
  • Wang, Qiang
  • Lai, Yin
  • Liang, Chaojie

Abstract

This study develops a supply chain finance adoption model to investigate the key drivers and corresponding outcomes of supply chain finance adoption decisions. We examine the impacts of perceived capital pressure, order fulfillment cycle, and inventory turnover cycle on three types of supply chain finance adoption (accounts receivable finance, inventory finance, accounts payable finance). In addition, we examine the impacts of three types supply chain finance adoption on the performance of supply chain cost reduction. We use data collected from 683 companies of eight industries in China to test our proposed relationships. The results show that perceived capital pressure and order fulfillment cycle are significant predictors of supply chain finance adoption decisions. Accounts receivable finance and inventory finance significantly influence supply chain cost reduction. This study is one of the first attempts to conduct large sample empirical investigation in supply chain finance research. Our findings enhance the understanding of supply chain finance adoption for both academics and practitioners.

Suggested Citation

  • Wang, Zhiqiang & Wang, Qiang & Lai, Yin & Liang, Chaojie, 2020. "Drivers and outcomes of supply chain finance adoption: An empirical investigation in China," International Journal of Production Economics, Elsevier, vol. 220(C).
    • Handle: RePEc:eee:proeco:v:220:y:2020:i:c:s0925527319302634
    DOI: 10.1016/j.ijpe.2019.07.026
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0925527319302634
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.ijpe.2019.07.026?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. van der Vliet, Kasper & Reindorp, Matthew J. & Fransoo, Jan C., 2015. "The price of reverse factoring: Financing rates vs. payment delays," European Journal of Operational Research, Elsevier, vol. 242(3), pages 842-853.
    2. Barbara Summers & Nicholas Wilson, 2000. "Trade Credit Management and the Decision to Use Factoring: An Empirical Study," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 27(1&2), pages 37-68.
    3. Hau L. Lee & Kut C. So & Christopher S. Tang, 2000. "The Value of Information Sharing in a Two-Level Supply Chain," Management Science, INFORMS, vol. 46(5), pages 626-643, May.
    4. Thomas W. Bates & Kathleen M. Kahle & René M. Stulz, 2009. "Why Do U.S. Firms Hold So Much More Cash than They Used To?," Journal of Finance, American Finance Association, vol. 64(5), pages 1985-2021, October.
    5. Teng, Jinn-Tsair & Chang, Chun-Tao, 2009. "Optimal manufacturer's replenishment policies in the EPQ model under two levels of trade credit policy," European Journal of Operational Research, Elsevier, vol. 195(2), pages 358-363, June.
    6. Juanjuan Qin & Xiaojian Bai & Liangjie Xia, 2015. "Sustainable Trade Credit and Replenishment Policies under the Cap-And-Trade and Carbon Tax Regulations," Sustainability, MDPI, vol. 7(12), pages 1-22, December.
    7. Liao, Jui-Jung, 2008. "An EOQ model with noninstantaneous receipt and exponentially deteriorating items under two-level trade credit," International Journal of Production Economics, Elsevier, vol. 113(2), pages 852-861, June.
    8. Berger, Allen N. & Udell, Gregory F., 2006. "A more complete conceptual framework for SME finance," Journal of Banking & Finance, Elsevier, vol. 30(11), pages 2945-2966, November.
    9. Guariglia, Alessandra & Mateut, Simona, 2006. "Credit channel, trade credit channel, and inventory investment: Evidence from a panel of UK firms," Journal of Banking & Finance, Elsevier, vol. 30(10), pages 2835-2856, October.
    10. Barbara Summers & Nicholas Wilson, 2000. "Trade Credit Management and the Decision to Use Factoring: An Empirical Study," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 27(1‐2), pages 37-68, January.
    11. Vernon N. Hsu & Kaijie Zhu, 2011. "Tax-Effective Supply Chain Decisions Under China's Export-Oriented Tax Policies," Manufacturing & Service Operations Management, INFORMS, vol. 13(2), pages 163-179, November.
    12. Lee, Neil & Sameen, Hiba & Cowling, Marc, 2015. "Access to finance for innovative SMEs since the financial crisis," Research Policy, Elsevier, vol. 44(2), pages 370-380.
    13. Robert Deyoung & Anne Gron & Gӧkhan Torna & Andrew Winton, 2015. "Risk Overhang and Loan Portfolio Decisions: Small Business Loan Supply before and during the Financial Crisis," Journal of Finance, American Finance Association, vol. 70(6), pages 2451-2488, December.
    14. Joel F. Houston & Chen Lin & Zhongyan Zhu, 2016. "The Financial Implications of Supply Chain Changes," Management Science, INFORMS, vol. 62(9), pages 2520-2542, September.
    15. Gour Chandra Mahata, 2012. "Analysis of partial trade credit financing in a supply chain by EOQ-based inventory model for exponentially deteriorating items," International Journal of Operational Research, Inderscience Enterprises Ltd, vol. 15(1), pages 94-124.
    16. Vishal Gaur & Marshall L. Fisher & Ananth Raman, 2005. "An Econometric Analysis of Inventory Turnover Performance in Retail Services," Management Science, INFORMS, vol. 51(2), pages 181-194, February.
    17. Charles W. Haley & Robert C. Higgins, 1973. "Inventory Policy and Trade Credit Financing," Management Science, INFORMS, vol. 20(4-Part-I), pages 464-471, December.
    18. Wuttke, David A. & Blome, Constantin & Henke, Michael, 2013. "Focusing the financial flow of supply chains: An empirical investigation of financial supply chain management," International Journal of Production Economics, Elsevier, vol. 145(2), pages 773-789.
    19. Efraim Benmelech & Ralf R. Meisenzahl & Rodney Ramcharan, 2017. "The Real Effects of Liquidity During the Financial Crisis: Evidence from Automobiles," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 132(1), pages 317-365.
    20. J. Stephen Ferris, 1981. "A Transactions Theory of Trade Credit Use," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 96(2), pages 243-270.
    21. Onur Boyabatlı & Paul R. Kleindorfer & Stephen R. Koontz, 2011. "Integrating Long-Term and Short-Term Contracting in Beef Supply Chains," Management Science, INFORMS, vol. 57(10), pages 1771-1787, October.
    22. Michael S. Long & Ileen B. Malitz & S. Abraham Ravid, 1993. "Trade Credit, Quality Guarantees, and Product," Financial Management, Financial Management Association, vol. 22(4), Winter.
    23. Fabbri, Daniela & Klapper, Leora F., 2016. "Bargaining power and trade credit," Journal of Corporate Finance, Elsevier, vol. 41(C), pages 66-80.
    24. Hwan Lee, Chang & Rhee, Byong-Duk, 2010. "Coordination contracts in the presence of positive inventory financing costs," International Journal of Production Economics, Elsevier, vol. 124(2), pages 331-339, April.
    25. Soufani, Khaled, 2002. "On the determinants of factoring as a financing choice: evidence from the UK," Journal of Economics and Business, Elsevier, vol. 54(2), pages 239-252.
    26. Smith, Janet Kiholm, 1987. "Trade Credit and Informational Asymmetry," Journal of Finance, American Finance Association, vol. 42(4), pages 863-872, September.
    27. Budin, Morris & Eapen, A T, 1970. "Cash Generation in Business Operations: Some Simulation Models," Journal of Finance, American Finance Association, vol. 25(5), pages 1091-1107, December.
    28. Abad, P. L. & Jaggi, C. K., 2003. "A joint approach for setting unit price and the length of the credit period for a seller when end demand is price sensitive," International Journal of Production Economics, Elsevier, vol. 83(2), pages 115-122, February.
    29. Xu, Xinhan & Chen, Xiangfeng & Jia, Fu & Brown, Steve & Gong, Yu & Xu, Yifan, 2018. "Supply chain finance: A systematic literature review and bibliometric analysis," International Journal of Production Economics, Elsevier, vol. 204(C), pages 160-173.
    30. Chen, Chongyang & Kieschnick, Robert, 2018. "Bank credit and corporate working capital management," Journal of Corporate Finance, Elsevier, vol. 48(C), pages 579-596.
    31. Judith Martin & Erik Hofmann, 2017. "Involving financial service providers in supply chain finance practices," Journal of Applied Accounting Research, Emerald Group Publishing Limited, vol. 18(1), pages 42-62, February.
    32. Dong, Yan & Xu, Kefeng & Dresner, Martin, 2007. "Environmental determinants of VMI adoption: An exploratory analysis," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 43(4), pages 355-369, July.
    33. Huang, Yung-Fu, 2007. "Optimal retailer's replenishment decisions in the EPQ model under two levels of trade credit policy," European Journal of Operational Research, Elsevier, vol. 176(3), pages 1577-1591, February.
    34. Klapper, Leora, 2006. "The role of factoring for financing small and medium enterprises," Journal of Banking & Finance, Elsevier, vol. 30(11), pages 3111-3130, November.
    35. Zhou, Yong-Wu & Zhong, Yuanguang & Li, Jicai, 2012. "An uncooperative order model for items with trade credit, inventory-dependent demand and limited displayed-shelf space," European Journal of Operational Research, Elsevier, vol. 223(1), pages 76-85.
    36. Biais, Bruno & Gollier, Christian, 1997. "Trade Credit and Credit Rationing," The Review of Financial Studies, Society for Financial Studies, vol. 10(4), pages 903-937.
    37. Zhang, Tiantian & Zhang, Cherry Yi & Pei, Qifan, 2019. "Misconception of providing supply chain finance: Its stabilising role," International Journal of Production Economics, Elsevier, vol. 213(C), pages 175-184.
    38. Dong, Yan & Xu, Kefeng, 2002. "A supply chain model of vendor managed inventory," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 38(2), pages 75-95, April.
    39. Valentini, Giovanni & Zavanella, Lucio, 2003. "The consignment stock of inventories: industrial case and performance analysis," International Journal of Production Economics, Elsevier, vol. 81(1), pages 215-224, January.
    40. Wuttke, David A. & Blome, Constantin & Sebastian Heese, H. & Protopappa-Sieke, Margarita, 2016. "Supply chain finance: Optimal introduction and adoption decisions," International Journal of Production Economics, Elsevier, vol. 178(C), pages 72-81.
    41. Christopher S. Tang & S. Alex Yang & Jing Wu, 2018. "Sourcing from Suppliers with Financial Constraints and Performance Risk," Manufacturing & Service Operations Management, INFORMS, vol. 20(1), pages 70-84, February.
    42. Protopappa-Sieke, Margarita & Seifert, Ralf W., 2010. "Interrelating operational and financial performance measurements in inventory control," European Journal of Operational Research, Elsevier, vol. 204(3), pages 439-448, August.
    43. Lam, Hugo K.S. & Zhan, Yuanzhu & Zhang, Minhao & Wang, Yichuan & Lyons, Andrew, 2019. "The effect of supply chain finance initiatives on the market value of service providers," International Journal of Production Economics, Elsevier, vol. 216(C), pages 227-238.
    44. Bougheas, Spiros & Mateut, Simona & Mizen, Paul, 2009. "Corporate trade credit and inventories: New evidence of a trade-off from accounts payable and receivable," Journal of Banking & Finance, Elsevier, vol. 33(2), pages 300-307, February.
    45. WUTTKE, David A & BLOME, Constantin & HENKE, Michael, 2013. "Focusing the financial flow of supply chains: an empirical investigation of financial supply chain management," LIDAM Reprints CORE 2601, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    46. Dye, Chung-Yuan & Yang, Chih-Te, 2015. "Sustainable trade credit and replenishment decisions with credit-linked demand under carbon emission constraints," European Journal of Operational Research, Elsevier, vol. 244(1), pages 187-200.
    47. Chakuu, Sumeer & Masi, Donato & Godsell, Janet, 2019. "Exploring the relationship between mechanisms, actors and instruments in supply chain finance: A systematic literature review," International Journal of Production Economics, Elsevier, vol. 216(C), pages 35-53.
    48. Yixue Li & Shouyang Wang & Gengzhong Feng & Kin Keung Lai, 2011. "Comparative analysis of risk control in logistics and supply chain finance under different pledge fashions," International Journal of Revenue Management, Inderscience Enterprises Ltd, vol. 5(2/3), pages 121-144.
    49. Huang, Yung-Fu & Hsu, Kuang-Hua, 2008. "An EOQ model under retailer partial trade credit policy in supply chain," International Journal of Production Economics, Elsevier, vol. 112(2), pages 655-664, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Anh Huu Nguyen & Thinh Gia Hoang & Vu Minh Ngo & Loan Quynh Thi Nguyen & Huan Huu Nguyen, 2023. "Sustainability-oriented supply chain finance in Vietnam: insights from multiple case studies," Operations Management Research, Springer, vol. 16(1), pages 259-279, March.
    2. Roberta Pellegrino & Nicola Costantino & Danilo Tauro, 2020. "Advance Purchase Discounts for Supply Chain Finance System Coordination," Sustainability, MDPI, vol. 12(23), pages 1-20, December.
    3. Wu, Yang & Wang, Ziyang & Yao, Jianming & Guo, Haixiang, 2023. "Joint decision of order allocation and lending in the multi-supplier scenario purchase order financing," International Journal of Production Economics, Elsevier, vol. 255(C).
    4. Zhefan Piao & Kun Yang & Ning Su & Zihan Zheng, 2024. "Network working capital management, supply chain concentration, and corporate performance of focal companies," Operations Management Research, Springer, vol. 17(3), pages 982-995, September.
    5. Jialu Ji & Hongxing Zheng & Jia Qi & Mingjun Ji & Lingrui Kong & Shengzhong Ji, 2023. "Financial and Logistical Service Strategy of Third-Party Logistics Enterprises in Cross-Border E-Commerce Environment," Sustainability, MDPI, vol. 15(8), pages 1-20, April.
    6. Zhang, Jiping & Mo, Haimiao & Hu, Zhijian & Zhang, Tianjiao, 2024. "The effect of stability and concentration of upstream and downstream relationships of focal firms on two-level trade credit," International Journal of Production Economics, Elsevier, vol. 270(C).
    7. Zhu, Xiaoyan & Cao, Yunzhi & Wu, Jinwei & Liu, He & Bei, Xiaoqiang, 2022. "Optimum operational schedule and accounts receivable financing in a production supply chain considering hierarchical industrial status and uncertain yield," European Journal of Operational Research, Elsevier, vol. 302(3), pages 1142-1154.
    8. Zhang, Wen & Yan, Shaoshan & Li, Jian & Tian, Xin & Yoshida, Taketoshi, 2022. "Credit risk prediction of SMEs in supply chain finance by fusing demographic and behavioral data," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 158(C).
    9. Lai, Zhixuan & Lou, Gaoxiang & Ma, Haicheng & Chung, Sai-Ho & Wen, Xin & Fan, Tijun, 2022. "Optimal green supply chain financing strategy: Internal collaborative financing and external investments," International Journal of Production Economics, Elsevier, vol. 253(C).
    10. Ratri Parida & Manoj Kumar Dash & Anil Kumar & Edmundas Kazimieras Zavadskas & Sunil Luthra & Eyob Mulat‐weldemeskel, 2022. "Evolution of supply chain finance: A comprehensive review and proposed research directions with network clustering analysis," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(5), pages 1343-1369, October.
    11. Yu Gong & Yun Zhang & Mohammed Alharithi, 2022. "Supply Chain Finance and Blockchain in Operations Management: A Literature Review," Sustainability, MDPI, vol. 14(20), pages 1-21, October.
    12. Rahman, Molla Ramizur & Misra, Arun Kumar & Kumar, Satish, 2024. "A financial supply chain on corporate working capital and interbank lines of credit," International Review of Financial Analysis, Elsevier, vol. 91(C).
    13. Junhai Ma & Lijiao Gong & Jie Fan, 2022. "Pricing strategy and coordination of small‐ to medium‐sized enterprises based on bank‐insurance cooperative financing," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(8), pages 3915-3930, December.
    14. Ying Lu & Sha Sun & Mingming Zhang & Zikun Yang, 2024. "Moving Towards Sustainable Development: Can Supply Chain Finance Promote Corporate Green Innovation?," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 13001-13026, September.
    15. Liu, Bai & Ju, Tao & Chan, Hing Kai, 2022. "The diverse impact of heterogeneous customer characteristics on supply chain finance: Empirical evidence from Chinese factoring," International Journal of Production Economics, Elsevier, vol. 243(C).
    16. Zhang, Ting & Su, Yina & Wang, Ningning, 2023. "Product quality improvement under retailer-direct financing: Effects of attitudes toward extreme weather," International Journal of Production Economics, Elsevier, vol. 257(C).
    17. Chen, Sihua & Du, Jiangze & He, Wei & Siponen, Mikko, 2022. "Supply chain finance platform evaluation based on acceptability analysis," International Journal of Production Economics, Elsevier, vol. 243(C).
    18. Yu Xia & Ta Xu & Ming-Xia Wei & Zhen-Ke Wei & Lian-Jie Tang, 2023. "Predicting Chain’s Manufacturing SME Credit Risk in Supply Chain Finance Based on Machine Learning Methods," Sustainability, MDPI, vol. 15(2), pages 1-18, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Xu, Xinhan & Chen, Xiangfeng & Jia, Fu & Brown, Steve & Gong, Yu & Xu, Yifan, 2018. "Supply chain finance: A systematic literature review and bibliometric analysis," International Journal of Production Economics, Elsevier, vol. 204(C), pages 160-173.
    2. Zericho R Marak & Deepa Pillai, 2018. "Factors, Outcome, and the Solutions of Supply Chain Finance: Review and the Future Directions," JRFM, MDPI, vol. 12(1), pages 1-23, December.
    3. Seifert, Daniel & Seifert, Ralf W. & Protopappa-Sieke, Margarita, 2013. "A review of trade credit literature: Opportunities for research in operations," European Journal of Operational Research, Elsevier, vol. 231(2), pages 245-256.
    4. Jiao Wang & Lima Zhao & Arnd Huchzermeier, 2021. "Operations‐Finance Interface in Risk Management: Research Evolution and Opportunities," Production and Operations Management, Production and Operations Management Society, vol. 30(2), pages 355-389, February.
    5. Ratri Parida & Manoj Kumar Dash & Anil Kumar & Edmundas Kazimieras Zavadskas & Sunil Luthra & Eyob Mulat‐weldemeskel, 2022. "Evolution of supply chain finance: A comprehensive review and proposed research directions with network clustering analysis," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(5), pages 1343-1369, October.
    6. Jia, Fu & Blome, Constantin & Sun, Hui & Yang, Yang & Zhi, Bangdong, 2020. "Towards an integrated conceptual framework of supply chain finance: An information processing perspective," International Journal of Production Economics, Elsevier, vol. 219(C), pages 18-30.
    7. Marak Zericho R. & Pillai Deepa, 2021. "Supply Chain Finance Factors: An Interpretive Structural Modeling Approach," Journal of Management and Business Administration. Central Europe, Sciendo, vol. 29(1), pages 88-111, March.
    8. Jain, Richa & Reindorp, Matthew & Chockalingam, Arun, 2023. "Buyer-backed purchase-order financing for SME supplier with uncertain yield," European Journal of Operational Research, Elsevier, vol. 307(2), pages 758-772.
    9. Liu, Bai & Ju, Tao & Chan, Hing Kai, 2022. "The diverse impact of heterogeneous customer characteristics on supply chain finance: Empirical evidence from Chinese factoring," International Journal of Production Economics, Elsevier, vol. 243(C).
    10. Zhang, Tiantian & Zhang, Cherry Yi & Pei, Qifan, 2019. "Misconception of providing supply chain finance: Its stabilising role," International Journal of Production Economics, Elsevier, vol. 213(C), pages 175-184.
    11. Chen, Sihua & Du, Jiangze & He, Wei & Siponen, Mikko, 2022. "Supply chain finance platform evaluation based on acceptability analysis," International Journal of Production Economics, Elsevier, vol. 243(C).
    12. Chakuu, Sumeer & Masi, Donato & Godsell, Janet, 2019. "Exploring the relationship between mechanisms, actors and instruments in supply chain finance: A systematic literature review," International Journal of Production Economics, Elsevier, vol. 216(C), pages 35-53.
    13. Zhang, Wen & Yan, Shaoshan & Li, Jian & Tian, Xin & Yoshida, Taketoshi, 2022. "Credit risk prediction of SMEs in supply chain finance by fusing demographic and behavioral data," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 158(C).
    14. Altunok, Fatih & Mitchell, Karlyn & Pearce, Douglas K., 2020. "The trade credit channel and monetary policy transmission: Empirical evidence from U.S. panel data," The Quarterly Review of Economics and Finance, Elsevier, vol. 78(C), pages 226-250.
    15. Shi, Xiaojun & Zhang, Shunming, 2010. "An incentive-compatible solution for trade credit term incorporating default risk," European Journal of Operational Research, Elsevier, vol. 206(1), pages 178-196, October.
    16. Mariarosaria Agostino & Francesco Trivieri, 2014. "Does trade credit play a signalling role? Some evidence from SMEs microdata," Small Business Economics, Springer, vol. 42(1), pages 131-151, January.
    17. Volodymyr Babich & Panos Kouvelis, 2018. "Introduction to the Special Issue on Research at the Interface of Finance, Operations, and Risk Management (iFORM): Recent Contributions and Future Directions," Manufacturing & Service Operations Management, INFORMS, vol. 20(1), pages 1-18, February.
    18. Wu, Yaobin & Wang, Yingying & Xu, Xun & Chen, Xiangfeng, 2019. "Collect payment early, late, or through a third party's reverse factoring in a supply chain," International Journal of Production Economics, Elsevier, vol. 218(C), pages 245-259.
    19. Abdulla, Yomna & Dang, Viet Anh & Khurshed, Arif, 2020. "Suppliers' listing status and trade credit provision," Journal of Corporate Finance, Elsevier, vol. 60(C).
    20. Yang Yang & Xuezheng Chen & Jing Gu & Hamido Fujita, 2019. "Alleviating Financing Constraints of SMEs through Supply Chain," Sustainability, MDPI, vol. 11(3), pages 1-19, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:proeco:v:220:y:2020:i:c:s0925527319302634. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ijpe .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.