Determinants of supplier payment times before and during the pandemic: Empirical evidence from UK firms
Journal of Purchasing and Supply Management
; : 100850, 2023.
Artículo
en Inglés
| ScienceDirect | ID: covidwho-2323098
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.
Texto completo:
Disponible
Colección:
Bases de datos de organismos internacionales
Base de datos:
ScienceDirect
Idioma:
Inglés
Revista:
Journal of Purchasing and Supply Management
Año:
2023
Tipo del documento:
Artículo
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