Determinants of supplier payment times before and during the pandemic: Empirical evidence from UK firms

IF 6.8 2区 管理学 Q1 MANAGEMENT
Anthony Flynn, Qian Li
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引用次数: 0

Abstract

Timely, compliant payment to suppliers is a significant issue in purchasing and supply management (PSM) but research into its determinants is limited. Here we draw on social responsibility, fintech and digital purchasing literatures, and institutional and stakeholder theories to explain variations in supplier payment times. A sample of 509 firms spanning 2018–2021 is used for panel regression analysis. Contrary to expectations, the COVID-19 pandemic did not lead to longer payment times or reduced compliance with payment terms, which we attribute to state-funded business supports and corporate decisions to accelerate payment to vulnerable suppliers. Institutional pressure in the form of payment codes was associated with shorter payment times and improved compliance during the pandemic. Supply chain finance (SCF) was associated with longer payment times during the pandemic while e-invoicing had no effect. Overall, institutional pressure seems to contribute to faster payment but stakeholder-centred fintech and digitalisation does not.

大流行之前和期间供应商付款时间的决定因素:来自英国公司的经验证据
及时、合规地向供应商付款是采购和供应管理(PSM)中的一个重要问题,但对其决定因素的研究有限。在这里,我们借鉴社会责任、金融科技和数字采购文献,以及机构和利益相关者理论来解释供应商付款时间的变化。面板回归分析使用了2018年至2021年509家公司的样本。与预期相反,新冠肺炎疫情并没有导致付款时间延长或付款条件合规性降低,我们将其归因于国家资助的商业支持和企业加快向弱势供应商付款的决定。支付代码形式的机构压力与疫情期间支付时间缩短和合规性提高有关。供应链金融(SCF)与疫情期间更长的支付时间有关,而电子发票没有影响。总体而言,机构压力似乎有助于加快支付速度,但以利益相关者为中心的金融科技和数字化却没有。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
10.30
自引率
18.00%
发文量
31
审稿时长
70 days
期刊介绍: The mission of the Journal of Purchasing & Supply Management is to publish original, high-quality research within the field of purchasing and supply management (PSM). Articles should have a significant impact on PSM theory and practice. The Journal ensures that high quality research is collected and disseminated widely to both academics and practitioners, and provides a forum for debate. It covers all subjects relating to the purchase and supply of goods and services in industry, commerce, local, national, and regional government, health and transportation.
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