Sustainability-oriented supply chain finance in Vietnam: insights from multiple case studies

Nguyen, Anh Huu; Hoang, Thinh Gia; Ngo, Vu Minh; Nguyen, Loan Quynh Thi; Nguyen, Huan Huu

doi:10.1007/s12063-022-00303-6

Cited by 8 publications

(10 citation statements)

References 82 publications

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“…Specifically, SCF provided to suppliers will increase the core firm's CFP while that provided to customers will increase its ESGP. This aligns with the findings of prior studies (Zhou et al, 2018;Song et al, 2021;Nguyen et al, 2022;Yu and Wang, 2022). Song et al (2021), for example, found that providing SCF to SMEs had significant and positive effects on the core firm's financial performance.…”

Section: Discussionsupporting

confidence: 92%

“…While the short-term economic benefits for CSP are obvious, the long-term potential boost of investing in ESGP-related projects (Fernández-Kranz and Santaló, 2010) and fulfilling ESGP obligations (Friede et al , 2015) is even greater. Most related studies have focused on sustainable SCF (Tseng et al , 2019; Nguyen et al , 2022). There is, nevertheless, a lack of systematic research on the relationship between SCF and sustainability (Xu et al , 2018).…”

Section: Introductionmentioning

confidence: 99%

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The effect of supply chain finance on sustainability performance: empirical analysis and fsQCA

Wang

Wei

2023

JBIM

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Purpose In the context of global economic downturn and intense competition, firms are increasingly resorting to supply chains to acquire capital support and achieve sustainability. This study aims to investigate the effect of supply chain finance (SCF) on corporate sustainability performance (CSP) and identifies SCF-related recipes for CSP. Design/methodology/approach Based on a sample of 1,038 firms that disclose CSP – namely, corporate financial performance (CFP) and environmental, social and governance performance (ESGP) – the authors use a quasi-replication method consisting of empirical analysis with fuzzy-set qualitative comparative analysis (fsQCA) to investigate SCF’s effects on CSP. Findings The authors find that SCF has a “doing well by doing good” effect on CSP. CFP can promote the positive effect of SCF and ESGP while ESGP’s positive effect on SCF and CFP is nonsignificant. In addition, heterogeneity tests show that SCF’s promoting effect on CSP is affected by high-low CFP and ESGP. The fsQCA results verify the empirical findings and reveal five SCF-related recipes for achieving high CSP. Research limitations/implications This study has the following two limitations. First, we do not consider how SCF affects CSP in different industries. There is a need to investigate whether industry heterogeneity changes SCF’s effects on CSP, especially in prominent industries, such as the energy industry, with its high susceptibility to ESGP, and the manufacturing industry, with its extensive application of SCF. It will be important to investigate these industries to better understand SCF’s role in sustainability. Second, we study the secondary supply chain – namely, core firm–suppliers and core firm–customers. The authors do not consider financial institutions (e.g. banks and guarantee institutions). SCF modes that include the participation of financial institutions, such as factoring financing and reverse factoring financing, cater more to the capital needs of diversified firms. In the future, studying specific industries that have made significant contributions to the application of SCF along with others that are more sensitive to environmental governance could better highlight the effect of SCF on sustainability and help supply chain managers understand the application value of SCF. Future research could also extend SCF participants into multiple roles to explore separate effects. Tracking financing demanders, fund providers and credit guarantors could capture SCF characteristics more comprehensively. Methodologically, it will be challenging to accurately measure SCF networks in terms of quantification. In future work, this could be performed with the help of artificial intelligence. Practical implications First, our findings indicate that SCF has a “doing well by doing good” effect on core firms. SCF can not only overcome the capital shortage of SMEs but also provide significant benefits to core firms. Second, our findings provide SCF-related recipes to help firms fulfil ESGP obligations without sacrificing CFP under the pressure to “do good.” The authors provide valuable insights and diverse recommendations to help supply chain managers, marketing executives and researchers adjust supply chain management strategies. Third, this work can guide executives in various fields to adopt SCF to achieve sustainability as a risk-mitigation strategy by means of marketing. Originality/value This study identifies better, more straightforward SCF-related recipes for CSP (consisting of CFP and ESGP) using a quasi-replication analysis that improves upon conventional methods such as regression analysis, which have limited power. The authors provide valuable insights and diverse recommendations to help managers pursue sustainable development. The findings point to practical guidelines and feasible solutions that can support well-founded operational strategic and management decision-making, which can enhance a firm’s competitiveness under uncertainty and a sluggish economy.

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Section: Discussionsupporting

confidence: 92%

Section: Introductionmentioning

confidence: 99%

The effect of supply chain finance on sustainability performance: empirical analysis and fsQCA

Wang

Wei

2023

JBIM

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“…Second, under the ongoing severe impact of the COVID-19 pandemic, we acknowledge the call for more studies on the topic of risk-coping (especially during a crisis) and post-risk response (or recovery) strategies in SC disruptive times, compared to the seemingly overattentive trend of research on risk assessment and mitigation practices (Ho et al ., 2015; Nguyen et al ., 2023). To fill this gap, we urge for more interdisciplinary and broader investigations of SC risk management involving theories and techniques from other fields (such as Organizational behavior, Strategic management, Engineering, Semantics, etc.…”

Section: Discussionmentioning

confidence: 99%

Supply chain risk assessment in disruptive times: opportunities and challenges

Duong

Hoang

Nguyen

et al. 2023

JEIM

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PurposeProactive risk assessment suggests that risk assessment should emphasize the consequences that it might cause and the opportunities it might create for firms. Hence, this study aims to validate risk impact on supply chain performance in the context of the Vietnamese construction sector. Also, a complex network, in which multiple risk factors mutually affect, impede or promote each other, is developed to assist managers in tackling unpredictable risks proactively. In particular, the authors investigate whether certain risks could be considered either challenges or opportunities for businesses in turbulent times to improve SC performance.Design/methodology/approachThe construction industry is the focal study context as it is one of the most essential industries in charge of providing accommodations, infrastructures and employment for society. 289 valid responses used in this research are from a large-scale survey result, supported by a Japanese government project promoting sustainable socio-economic development in Vietnam.FindingsFrom the study findings, the authors find that external risk brings opportunities for supply chain performance. Meanwhile, demand risk, when it occurs, can reduce the danger level of operational risk, which is an interesting finding of this research. It is evident that when multiple risk factors mutually affect, impede or promote each other, it provides a more meaningful examination of mutually interconnected supply chain risks.Originality/valuePractitioners should perceive risks as an opportunity than a threat. This study contributes to preventing risks and guaranteeing an effective and efficient supply chain by tackling unpredictable risks in a disruptive period. Moreover, data on validating research models collected during the Covid-19 pandemic and Ukraine and Russia conflicts reflect the topicality of this study.

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“…With the aim of investigating the implications of COVID-19 on tourism, our research adopts the multiple case research design where the data is collected from practitioners from five leading tour operators in Vietnam ( Nguyen et al, 2022 ). The use of multiple case studies enables more accurate findings than results from a single case study, as it allows the understanding of whether empirical findings are only particular to a single case or if they happen in various settings ( Yin 2017 ).…”

Section: Methodsmentioning

confidence: 99%

Current obstacles, contemporary practices, and potential solutions for recovery in Vietnam tourism after the COVID-19 pandemic: Tour operators’ perspectives

Hoang

Nguyen

Ngo

et al. 2023

Tourism and Hospitality Research

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This paper explores the current obstacles, contemporary practices, and potential solutions for recovery in Vietnam tourism, based on the views of tour operators after the COVID-19 pandemic. This research utilizes twenty-three semi-structured interviews with senior managers and business leaders from five leading tour operators in Vietnam. The findings of this research highlight that, given the current difficulties in operation, Vietnam tourism enterprises developed various response strategies to help their tourism businesses to survive during the pandemic. This research is among the first attempts aims to extend the literature on the implications of COVID-19 to the tourism industry by reflecting the perceptions of tour operators. Furthermore, findings from this study can assist the tourism businesses by highlighting potential solutions and proposing recommendations for the recovery of tourism after the COVID-19 pandemic.

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Sustainability-oriented supply chain finance in Vietnam: insights from multiple case studies

Cited by 8 publications

References 82 publications

The effect of supply chain finance on sustainability performance: empirical analysis and fsQCA

The effect of supply chain finance on sustainability performance: empirical analysis and fsQCA

Supply chain risk assessment in disruptive times: opportunities and challenges

Current obstacles, contemporary practices, and potential solutions for recovery in Vietnam tourism after the COVID-19 pandemic: Tour operators’ perspectives

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