When Supply-Chain Disruptions Matter
作者： Ananth Raman , William Schmidt
DOI:
关键词: Corporate disclosure 、 Industrial organization 、 Business 、 Supply chain 、 Sample (statistics) 、 Empirical evidence 、 Control (management) 、 Shock (economics) 、 Operational efficiency 、 Value (economics)
摘要: Supply-chain disruptions have a material effect on company value, but this impact can vary considerably. Thus, it is important for managers and investors to recognize the types of organizational factors that lead worst outcomes. Prior research remains unsettled as whether improvements firm operational efficiency aggravate or alleviate disruptions. Improved may leave firms more exposed when disruption occurs, improve firms’ agility allow them respond effectively disruption. We hypothesize improved depends due are internal versus external its supply chain. use sample over 500 collected from press releases find empirical evidence higher rate improvement in operating performance aggravates not By taking advantage an exogenous policy shock regarding corporate disclosure rules, we also show systematic bias they choose announce, control our model specifications. ∗Harvard Business School, Soldiers Field Park, Boston MA 02163. E-mail: wschmidt@hbs.edu. †Harvard araman@hbs.edu.
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