Purpose – In a continuously changing and volatile environment, Supply Chain Finance (SCF) solutions allow Small and Medium Enterprises to access credit easily and without exploiting the traditional way of funding. On the other hand, SCF providers have to manage the potential risks they could encounter while providing the solutions. The purpose of this thesis is to provide an overview of the risks suffered by SCF providers according to the solutions offered as well as to investigate the main risk management practices employed, highlighting some contingent variables that could explain the differences between them. Design/Methodology/Approach – The thesis adopts a multiple case study methodology with an exploratory approach. From the evidence and the gaps found in literature, the research questions have been defined and, later, they have been investigated through semi-structured interviews with SCF providers. 14 different interviews were performed and, alongside with secondary data, constituted the basis for the Cross-Case Analysis. Findings – The main outputs of the work are: (i) a revised Risk-Solution Matrix that provides an overview of the risks suffered by the stakeholders of SCF solutions, (ii) seven radar charts to show more in detail the risks suffered by SCF providers and their importance for each of the solutions analyzed, (iii) two tables that summarize the main practices used in order to measure and manage the risks and (iv) three different matrixes showing the most used risk response strategies according to the SCF providers’ type, size and age in order to highlight the impact of relevant contingent variables. Research Limitations/Implications – Results are derived using a qualitative methodology; future research could employ quantitative methodology in order to validate the findings. This would allow to enlarge the number of players and the solutions considered. Originality/Value – The originality of our work relies on the fact that the intersection between SCF and Risk Management is mildly investigated in literature. Indeed, we provided an overview of both the risks suffered for the different SCF solutions and the risk management practices adopted by SCF providers, showing the presence of some similarities and differences among the players and highlighting the role of contingent variables.
Scopo – In un contesto in continua evoluzione, le soluzioni di Supply Chain Finance (SCF) consentono alle Piccole Medie Imprese di accedere al credito facilmente e senza passare per le tradizionali vie di finanziamento. Tuttavia, chi offre le soluzioni di SCF deve gestire i potenziali rischi che potrebbe incontrare fornendo tali soluzioni. Lo scopo di questa tesi è fornire una panoramica dei rischi sofferti dai provider di SCF in base alle soluzioni, nonché approfondire le principali pratiche di gestione del rischio impiegate, evidenziando alcune variabili contingenti che potrebbero spiegare le differenze tra loro. Design/Metodologia/Approccio – La tesi adotta una metodologia di multiple case study con un approccio esplorativo. A partire dalle evidenze e dalle lacune riscontrate in letteratura, sono state definite le domande di ricerca e, successivamente, sono state indagate attraverso interviste semi-strutturate con i provider di SCF. Sono state condotte 14 diverse interviste che, insieme ai dati provenienti da fonti secondarie, hanno costituito la base per la Cross-Case Analysis. Risultati – I principali risultati del lavoro sono: (i) una matrice rischio-soluzione che fornisce una panoramica dei rischi sofferti dagli stakeholder delle soluzioni di SCF, (ii) sette grafici radar per mostrare più in dettaglio i rischi sofferti dai provider di SCF e la loro importanza per le soluzioni analizzate, (iii) due tabelle che riassumono le principali pratiche utilizzate per misurare e gestire i rischi e (iv) tre diverse matrici che mostrano le strategie di risposta al rischio più utilizzate in base alla tipologia, dimensione ed età dei provider di SCF per evidenziare l’impatto delle variabili contingenti rilevanti. Limitazioni/Implicazioni della Ricerca – I risultati sono stati ottenuti utilizzando una metodologia qualitativa; la ricerca futura potrebbe impiegare una metodologia quantitativa per validare i risultati. Ciò consentirebbe di aumentare il numero di attori e soluzioni considerate. Originalità/Valore – L'originalità del nostro lavoro si basa sul fatto che l'intersezione tra SCF e il campo del Risk Management è poco indagata in letteratura. Abbiamo fornito una panoramica sia dei rischi subiti per le diverse soluzioni di SCF, sia delle pratiche di gestione del rischio adottate dai provider di soluzioni SCF, mostrando la presenza di alcune somiglianze e differenze tra gli attori ed evidenziando il ruolo delle variabili contingenti.
Risk management within the supply chain finance industry : an empirical investigation
Sheaib, Ahmad;ZACCANTI, ERICA
2019/2020
Abstract
Purpose – In a continuously changing and volatile environment, Supply Chain Finance (SCF) solutions allow Small and Medium Enterprises to access credit easily and without exploiting the traditional way of funding. On the other hand, SCF providers have to manage the potential risks they could encounter while providing the solutions. The purpose of this thesis is to provide an overview of the risks suffered by SCF providers according to the solutions offered as well as to investigate the main risk management practices employed, highlighting some contingent variables that could explain the differences between them. Design/Methodology/Approach – The thesis adopts a multiple case study methodology with an exploratory approach. From the evidence and the gaps found in literature, the research questions have been defined and, later, they have been investigated through semi-structured interviews with SCF providers. 14 different interviews were performed and, alongside with secondary data, constituted the basis for the Cross-Case Analysis. Findings – The main outputs of the work are: (i) a revised Risk-Solution Matrix that provides an overview of the risks suffered by the stakeholders of SCF solutions, (ii) seven radar charts to show more in detail the risks suffered by SCF providers and their importance for each of the solutions analyzed, (iii) two tables that summarize the main practices used in order to measure and manage the risks and (iv) three different matrixes showing the most used risk response strategies according to the SCF providers’ type, size and age in order to highlight the impact of relevant contingent variables. Research Limitations/Implications – Results are derived using a qualitative methodology; future research could employ quantitative methodology in order to validate the findings. This would allow to enlarge the number of players and the solutions considered. Originality/Value – The originality of our work relies on the fact that the intersection between SCF and Risk Management is mildly investigated in literature. Indeed, we provided an overview of both the risks suffered for the different SCF solutions and the risk management practices adopted by SCF providers, showing the presence of some similarities and differences among the players and highlighting the role of contingent variables.| File | Dimensione | Formato | |
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2020_10_Sheaib_Zaccanti.pdf
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https://hdl.handle.net/10589/166620