Supplier–customer cultural similarity and supplier performance

IF 3.6 2区 经济学 Q1 BUSINESS, FINANCE Journal of Banking & Finance Pub Date : 2024-04-16 DOI:10.1016/j.jbankfin.2024.107188
Guolei Ding , Jin Lei , Yunxiao Liu , Zhen Wang
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Abstract

Using a corporate culture measure based on the textual analysis of the Q&A section of earnings conference calls, we document robust evidence that similar corporate cultural values between supply chain partners improve the financial performance of suppliers. Consistent with the view that supplier–customer cultural similarity facilitates communication, promotes altruistic attitudes, and builds trust between trading partners, we find that culturally similar suppliers experience higher cost efficiency, fewer problems with underinvestment, and better innovation performance. Our results also indicate that cultural similarity benefits customers, although to a lesser extent. Overall, our study sheds new light on how inter-firm cultural similarity influences firm performance along the supply chain.

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供应商-客户文化相似性与供应商绩效
我们利用基于收益电话会议问答部分文本分析的企业文化衡量标准,记录了供应链合作伙伴之间相似的企业文化价值观能提高供应商财务业绩的有力证据。与供应商-客户文化相似性有利于沟通、促进利他主义态度和建立贸易伙伴间信任的观点一致,我们发现文化相似的供应商具有更高的成本效率、更少的投资不足问题和更好的创新绩效。我们的研究结果还表明,文化相似性也会使客户受益,尽管程度较低。总之,我们的研究为企业间文化相似性如何影响供应链上的企业绩效提供了新的启示。
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来源期刊
CiteScore
6.40
自引率
5.40%
发文量
262
期刊介绍: The Journal of Banking and Finance (JBF) publishes theoretical and empirical research papers spanning all the major research fields in finance and banking. The aim of the Journal of Banking and Finance is to provide an outlet for the increasing flow of scholarly research concerning financial institutions and the money and capital markets within which they function. The Journal''s emphasis is on theoretical developments and their implementation, empirical, applied, and policy-oriented research in banking and other domestic and international financial institutions and markets. The Journal''s purpose is to improve communications between, and within, the academic and other research communities and policymakers and operational decision makers at financial institutions - private and public, national and international, and their regulators. The Journal is one of the largest Finance journals, with approximately 1500 new submissions per year, mainly in the following areas: Asset Management; Asset Pricing; Banking (Efficiency, Regulation, Risk Management, Solvency); Behavioural Finance; Capital Structure; Corporate Finance; Corporate Governance; Derivative Pricing and Hedging; Distribution Forecasting with Financial Applications; Entrepreneurial Finance; Empirical Finance; Financial Economics; Financial Markets (Alternative, Bonds, Currency, Commodity, Derivatives, Equity, Energy, Real Estate); FinTech; Fund Management; General Equilibrium Models; High-Frequency Trading; Intermediation; International Finance; Hedge Funds; Investments; Liquidity; Market Efficiency; Market Microstructure; Mergers and Acquisitions; Networks; Performance Analysis; Political Risk; Portfolio Optimization; Regulation of Financial Markets and Institutions; Risk Management and Analysis; Systemic Risk; Term Structure Models; Venture Capital.
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