Impacts of external shocks on the decisions of hog supply chains under liquidity constraints from the perspective of commercial credit.
Certain attributes of the hog industry increase the production risk in nodal enterprises of the hog supply chain, leading to high financing costs and eventually resulting in liquidity constraints. When the hog supply chain node enterprises are subjected to external shocks, on the basis of the commer...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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Public Library of Science (PLoS)
2019-01-01
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| Series: | PLoS ONE |
| Online Access: | https://doi.org/10.1371/journal.pone.0212707 |
| _version_ | 1818682543613935616 |
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| author | Jiamei Wang Xinhui Wang Hongshu Li Yuxuan Liu Gangyi Wang |
| author_facet | Jiamei Wang Xinhui Wang Hongshu Li Yuxuan Liu Gangyi Wang |
| author_sort | Jiamei Wang |
| collection | DOAJ |
| description | Certain attributes of the hog industry increase the production risk in nodal enterprises of the hog supply chain, leading to high financing costs and eventually resulting in liquidity constraints. When the hog supply chain node enterprises are subjected to external shocks, on the basis of the commercial credit relationship in the supply chain, the entire supply chain generates liquidity risks and systemic risks. We analyze the input and output of the hog supply chain node enterprises under the constraint of liquidity, construct the mathematical model, discuss the dynamic differences of liquidity constraints in different situations, and measures the commercial credit risk and anti-risk ability of the pig supply chain node enterprises. If the external shock is less than a certain value, the current profits of the hog enterprise can entirely make up for the loss caused by external shocks, and the production of the firm will return to its state of equilibrium. If the external shock is large enough, liquidity constraints will seriously restrict the production input of the enterprise, which then leads to a deceleration of production input and may ultimately result in bankruptcy. We believe that the structure of the hog industry supply chain should be constantly adjusted to optimize the industrial upgrading and organizational form of the hog supply chain. |
| first_indexed | 2024-12-17T10:20:31Z |
| format | Article |
| id | doaj.art-3a5a328243e44eb6aa549794ba63f9d8 |
| institution | Directory Open Access Journal |
| issn | 1932-6203 |
| language | English |
| last_indexed | 2024-12-17T10:20:31Z |
| publishDate | 2019-01-01 |
| publisher | Public Library of Science (PLoS) |
| record_format | Article |
| series | PLoS ONE |
| spelling | doaj.art-3a5a328243e44eb6aa549794ba63f9d82022-12-21T21:52:49ZengPublic Library of Science (PLoS)PLoS ONE1932-62032019-01-01143e021270710.1371/journal.pone.0212707Impacts of external shocks on the decisions of hog supply chains under liquidity constraints from the perspective of commercial credit.Jiamei WangXinhui WangHongshu LiYuxuan LiuGangyi WangCertain attributes of the hog industry increase the production risk in nodal enterprises of the hog supply chain, leading to high financing costs and eventually resulting in liquidity constraints. When the hog supply chain node enterprises are subjected to external shocks, on the basis of the commercial credit relationship in the supply chain, the entire supply chain generates liquidity risks and systemic risks. We analyze the input and output of the hog supply chain node enterprises under the constraint of liquidity, construct the mathematical model, discuss the dynamic differences of liquidity constraints in different situations, and measures the commercial credit risk and anti-risk ability of the pig supply chain node enterprises. If the external shock is less than a certain value, the current profits of the hog enterprise can entirely make up for the loss caused by external shocks, and the production of the firm will return to its state of equilibrium. If the external shock is large enough, liquidity constraints will seriously restrict the production input of the enterprise, which then leads to a deceleration of production input and may ultimately result in bankruptcy. We believe that the structure of the hog industry supply chain should be constantly adjusted to optimize the industrial upgrading and organizational form of the hog supply chain.https://doi.org/10.1371/journal.pone.0212707 |
| spellingShingle | Jiamei Wang Xinhui Wang Hongshu Li Yuxuan Liu Gangyi Wang Impacts of external shocks on the decisions of hog supply chains under liquidity constraints from the perspective of commercial credit. PLoS ONE |
| title | Impacts of external shocks on the decisions of hog supply chains under liquidity constraints from the perspective of commercial credit. |
| title_full | Impacts of external shocks on the decisions of hog supply chains under liquidity constraints from the perspective of commercial credit. |
| title_fullStr | Impacts of external shocks on the decisions of hog supply chains under liquidity constraints from the perspective of commercial credit. |
| title_full_unstemmed | Impacts of external shocks on the decisions of hog supply chains under liquidity constraints from the perspective of commercial credit. |
| title_short | Impacts of external shocks on the decisions of hog supply chains under liquidity constraints from the perspective of commercial credit. |
| title_sort | impacts of external shocks on the decisions of hog supply chains under liquidity constraints from the perspective of commercial credit |
| url | https://doi.org/10.1371/journal.pone.0212707 |
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