86
Views
0
CrossRef citations to date
0
Altmetric
Research Article

Impact of trade credit on innovation performance: the mediating roles of information sharing and collaborative R&D

, , &
Received 24 Jul 2023, Accepted 18 Mar 2024, Published online: 27 Mar 2024

References

  • Adner, R., and D. Levinthal. 2001. “Demand Heterogeneity and Technology Evolution: Implications for Product and Process Innovation.” Management Science 47 (5): 611–628. https://doi.org/10.1287/mnsc.47.5.611.10482
  • Alnuaimi, T., and G. George. 2016. “Appropriability and the Retrieval of Knowledge After Spillovers.” Strategic Management Journal 37 (7): 1263–1279. https://doi.org/10.1002/smj.2383
  • Ardito, L., S. Raby, V. Albino, and B. Bertoldi. 2021. “The Duality of Digital and Environmental Orientations in the Context of SMEs: Implications for Innovation Performance.” Journal of Business Research 123: 44–56. https://doi.org/10.1016/j.jbusres.2020.09.022
  • Astvansh, V., and N. Jindal. 2022. “Differential Effects of Received Trade Credit and Provided Trade Credit on Firm Value.” Production and Operations Management 31 (2): 781–798. https://doi.org/10.1111/poms.13578
  • Baker, H., D. Pattnaik, and S. Kumar. 2022. “Trade Credit and Firm Profitability: Empirical Evidence from India.” International Journal of Finance & Economics 27 (4): 3934–3953. https://doi.org/10.1002/ijfe.2352
  • Baron, R. M., and D. A. Kenny. 1986. “The Moderator-Mediator Variable Distinction in Social Psychological Research: Conceptual, Strategic, and Statistical Considerations.” Journal of Personality and Social Psychology 51: 1173–1182.
  • Cao, Z., S. X. Chen, and E. Lee. 2022. “Does Business Strategy Influence Interfirm Financing? Evidence from Trade Credit.” Journal of Business Research 141: 495–511. https://doi.org/10.1016/j.jbusres.2021.11.050
  • Capaldo, A., and I. Giannoccaro. 2015. “How Does Trust Affect Performance in the Supply Chain? The Moderating Role of Interdependence.” International Journal of Production Economics 166: 36–49. https://doi.org/10.1016/j.ijpe.2015.04.008
  • Chen, C., and J. Huang. 2009. “Strategic Human Resource Practices and Innovation Performance — The Mediating Role of Knowledge Management Capacity.” Journal of Business Research 62 (1): 104–114. https://doi.org/10.1016/j.jbusres.2007.11.016
  • Chen, C., J. Jain, and S. Yang. 2022. “The Impact of Trade Credit Provision on Retail Inventory: An Empirical Investigation Using Synthetic Controls.” Management Science 69: 4363–4971.
  • Chen, Y. S., S. B. Lai, and C. T. Wen. 2006. “The Influence of Green Innovation Performance on Corporate Advantage in Taiwan.” Journal of Business Ethics 67 (4): 331–339. https://doi.org/10.1007/s10551-006-9025-5
  • Chod, J., E. Lyandres, and S. A. Yang. 2019. “Trade Credit and Supplier Competition.” Journal of Financial Economics 131: 484–505.
  • Cropanzano, R., E. Anthony, S. Daniels, and A. Hall. 2017. “Social Exchange Theory: A Critical Review with Theoretical Remedies.” Academy of Management Annals 11 (1): 1–38. https://doi.org/10.5465/annals.2015.0099
  • Cropanzano, R., and M. S. Mitchell. 2005. “Social Exchange Theory.” An Interdisciplinary Review. Journal of Management 31: 874–900.
  • Damanpour, F. 2010. “An Integration of Research Findings of Effects of Firm Size and Market Competition on Product and Process Innovations.” British Jourmal of Management 21: 996–1010.
  • Damanpour, F., and S. Gopalakrishnan. 2001. “The Dynamics of the Adoption of Product and Process Innovations in Organizations.” Journal of Management Studies 38 (1): 45–65. https://doi.org/10.1111/1467-6486.00227
  • Davis-Sramek, B., C. Hopkins, R. Richey, and T. Morgan. 2022. “Leveraging Supplier Relationships for Sustainable Supply Chain Management: Insights from Social Exchange Theory.” International Journal of Logistics Research and Applications 25 (1): 101–118. https://doi.org/10.1080/13675567.2020.1797654
  • De Goeij, C., L. Gelsomino, F. Caniato, A. Moretto, and M. Steeman. 2021. “Understanding SME Suppliers’ Response to Supply Chain Finance: A Transaction Cost Economics Perspective.” International Journal of Physical Distribution & Logistics Management 51 (8): 813–836. https://doi.org/10.1108/IJPDLM-04-2020-0125
  • Duhaylongsod, J., and P. De Giovanni. 2019. “The Impact of Innovation Strategies on the Relationship Between Supplier Integration and Operational Performance.” International Journal of Physical Distribution & Logistics Management 49 (2): 156–177. https://doi.org/10.1108/IJPDLM-09-2017-0269
  • Fabbri, D., and L. F. Klapper. 2016. “Bargaining Power and Trade Credit.” Journal of Corporate Finance 41: 66–80. https://doi.org/10.1016/j.jcorpfin.2016.07.001
  • Fidel, P., W. Schlesinger, and A. Cervera. 2015. “Collaborating to Innovate: Effects on Customer Knowledge Management and Performance.” Journal of Business Research 68 (7): 1426–1428. https://doi.org/10.1016/j.jbusres.2015.01.026
  • Gao, H., X.-H. Ding, and S. Wu. 2022. “Impact of Knowledge Search on Product and Process Innovation: Mediating Role of Absorptive Capacity and Moderating Role of IT Capability.” European Journal of Innovation Management 25 (2): 325–346. https://doi.org/10.1108/EJIM-12-2019-0350
  • Gaudio, B., G. Sampagnaro, C. Porzio, and V. Verdoliva. 2022. “The Signaling Role of Trade Credit in Bank Lending Decisions: Evidence from Small Andmedium-Sized Enterprises.” Journal of Business Finance & Accounting 49 (1–2): 327–354. https://doi.org/10.1111/jbfa.12554
  • Griffith, D., M. Harvey, and R. Lusch. 2006. “Social Exchange in Supply Chain Relationships: The Resulting Benefits of Procedural and Distributive Justice.” Journal of Operations Management 24 (2): 85–98. https://doi.org/10.1016/j.jom.2005.03.003
  • Hair, J. H., R. Anderson, R. Tatham, and W. Black. 1998. Multivariate Data Analysis. Upper Saddle River, NJ: Prentice-Hall.
  • He, Y., K. K. Lai, H. Sun, and Y. Chen. 2014. “The Impact of Supplier Integration on Customer Integration and New Product Performance: The Mediating Role of Manufacturing Flexibility Under Trust Theory.” International Journal of Production Economics 147: 260–270. https://doi.org/10.1016/j.ijpe.2013.04.044
  • He, Z., and P. Wong. 2004. “Exploration vs. Exploitation: An Empirical Test of the Ambidexterity Hypothesis.” Organization Science 15 (4): 375–393. https://doi.org/10.1287/orsc.1040.0070
  • Hmieleski, K., J. Carr, and R. Baron. 2015. “Integrating Discovery and Creation Perspectives of Entrepreneurial Action: The Relative Roles of Founding CEO Human Capital, Social Capital, and Psychological Capital in Contexts of Risk Versus Uncertainty.” Strategic Entrepreneurship Journal 9 (4): 289–312. https://doi.org/10.1002/sej.1208
  • Hong, J., Y. Liao, Y. Zhang, and Z. Yu. 2019. “The Effect of Supply Chain Quality Management Practices and Capabilities on Operational and Innovation Performance: Evidence from Chinese Manufacturers.” International Journal of Production Economics 212: 227–235. https://doi.org/10.1016/j.ijpe.2019.01.036
  • Hu, M., S. Jiang, and B. Huo. 2023. “The Impacts of Supply Visibility and Demand Visibility on Product Innovation: The Mediating Role of Supply Chain Integration.” The International Journal of Logistics Management 35 (2): 456–482.
  • Huo, B., X. Liu, and S. Li. 2023. “The Impact of Justice on Information Sharing and Innovation Performance: A Social Exchange Theory Perspective.” Journal of Business & Industrial Marketing 38 (11): 2519–2532. https://doi.org/10.1108/JBIM-04-2022-0179
  • Huo, B., X. Zhao, and H. Zhou. 2014. “The Effects of Competitive Environment on Supply Chain Information Sharing and Performance: An Empirical Study in China.” Production & Operations Management 23 (4): 552–569. https://doi.org/10.1111/poms.12044
  • Iriyama, A., R. Kishore, and D. Talukdar. 2016. “Playing Dirty or Building Capability? Corruption and HR Training as Competitive Actions to Threats from Informal and Foreign Firm Rivals.” Strategic Management Journal 37 (10): 2152–2173. https://doi.org/10.1002/smj.2447
  • Jiao, H., J. Yang, J. Zhou, and J. Li. 2019. “Commercial Partnerships and Collaborative Innovation in China: The Moderating Effect of Technological Uncertainty and Dynamic Capabilities.” Journal of Knowledge Management 23 (7): 1429–1454. https://doi.org/10.1108/JKM-10-2017-0499
  • Jimenez-Jimenez, D., M. Martínez-Costa, and C. Rodriguez. 2019. “The Mediating Role of Supply Chain Collaboration on the Relationship Between Information Technology and Innovation.” Journal of Knowledge Management 23 (3): 548–567. https://doi.org/10.1108/JKM-01-2018-0019
  • Justin, J. P. J., F. A. J. Van Den Bosch, and H. W. Volberda. 2006. “Exploratory Innovation, Exploitative Innovation, and Performance: Effects of Organizational Antecedents and Environmental Moderators.” Management Science 52 (11): 1661–1674. https://doi.org/10.1287/mnsc.1060.0576
  • Kafouros, M., J. Love, P. Ganotakis, and P. Konara. 2020. “Experience in R&D Collaborations, Innovative Performance and the Moderating Effect of Different Dimensions of Absorptive Capacity.” Technological Forecasting & Social Change 150: 119757. https://doi.org/10.1016/j.techfore.2019.119757
  • Karhade, P., and J. Dong. 2021. “Information Technology Investment and Commercialized Innovation Performance: Dynamic Adjustment Costs And Curvilinear Impacts.” MIS Quarterly 45: 1007–1024. https://doi.org/10.25300/MISQ/2021/14368
  • Kim, D., and P. Zhu. 2018. “Supplier Dependence and R&D Intensity: The Moderating Role of Network Centrality and Interconnectedness.” Journal of Operations Management 64 (1): 7–18. https://doi.org/10.1016/j.jom.2018.11.002
  • Kong, D., Y. Pan, G. Tian, and P. Zhang. 2020. “CEOs’ Hometown Connections and Access to Trade Credit: Evidence from China.” Journal of Corporate Finance 62: 101574. https://doi.org/10.1016/j.jcorpfin.2020.101574
  • Kulangara, N., S. Jackson, and E. Prater. 2016. “Examining the Impact of Socialization and Information Sharing and the Mediating Effect of Trust on Innovation Capability.” International Journal of Operations & Production Management 36 (11): 1601–1624. https://doi.org/10.1108/IJOPM-09-2015-0558
  • Lee, H., J. Zhou, and J. Wang. 2018. “Trade Credit Financing Under Competition and Its Impact on Firm Performance in Supply Chains.” Manufacturing & Service Operations Management 20 (1): 36–52. https://doi.org/10.1287/msom.2017.0640
  • Li, S., Q. Zhou, B. Huo, and X. Zhao. 2022. “Environmental Uncertainty, Relationship Commitment, and Information Sharing: The Social Exchange Theory and Transaction Cost Economics Perspectives.” International Journal of Logistics Research and Applications. https://doi.org/10.1080/13675567.2022.2141699
  • Limaj, E., and E. Bernroider. 2019. “The Roles of Absorptive Capacity and Cultural Balance for Exploratory and Exploitative Innovation in SMEs.” Journal of Business Research 94: 137–153. https://doi.org/10.1016/j.jbusres.2017.10.052
  • Liu, H., W. Ke, K. Wei, and Z. Hua. 2013. “Effects of Supply Chain Integration and Market Orientation on Firm Performance Evidence from China.” International Journal of Operations & Production Management 33 (3): 322–346. https://doi.org/10.1108/01443571311300809
  • Liu, B., Y. Wang, and Y. Shou. 2020. “Trade Credit in Emerging Economies: An Interorganizational Power Perspective.” Industrial Management & Data Systems 120 (4): 768–783. https://doi.org/10.1108/IMDS-05-2019-0292
  • Luo, X., and N. Donthu. 2007. “The Role of Cyber-Intermediaries: A Framework Based on Transaction Cost Analysis, Agency, Relationship Marketing and Social Exchange Theories.” Journal of Business & Industrial Marketing 22 (7): 452–458. https://doi.org/10.1108/08858620710828836
  • Mccann, B., and M. Bahl. 2017. “The Influence of Competition from Informal Firms on New Product Development.” Strategic Management Journal 38 (7): 1518–1535. https://doi.org/10.1002/smj.2585
  • Mcguinness, G., T. Hogan, and R. Powell. 2018. “European Trade Credit use and SME Survival.” Journal of Corporate Finance 49: 81–103. https://doi.org/10.1016/j.jcorpfin.2017.12.005
  • Mitrega, M., S. Forkmann, G. Zaefarian, and S. Henneberg. 2017. “Networking Capability in Supplier Relationships and its Impact on Product Innovation and Firm Performance.” International Journal of Operations & Production Management 37 (5): 577–606. https://doi.org/10.1108/IJOPM-11-2014-0517
  • Mostaghel, R., P. Oghazi, P. C. Patel, V. Parida, and M. Hultman. 2019. “Marketing and Supply Chain Coordination and Intelligence Quality: A Product Innovation Performance Perspective.” Journal of Business Research 101: 597–606. https://doi.org/10.1016/j.jbusres.2019.02.058
  • Narasimhan, R., A. Nair, D. Griffith, J. Arlbjørn, and E. Bendoly. 2009. “Lock-in Situations in Supply Chains: A Social Exchange Theoretic Study of Sourcing Arrangements in Buyer–Supplier Relationships.” Journal of Operations Management 27 (5): 374–389. https://doi.org/10.1016/j.jom.2008.10.004
  • Ngo, L., T. Bucic, A. Sinha, and V. Lu. 2019. “Effective Sense-and-Respond Strategies: Mediating Roles of Exploratory and Exploitative Innovation.” Journal of Business Research 94: 154–161. https://doi.org/10.1016/j.jbusres.2017.10.050
  • Nunnally, J. C. 1978. Psychometric Theory. New York: McGraw-Hill.
  • Osiichuk, D., and P. Mielcarz. 2021. “Predatory Trade Finance: The Impact of Bargaining Power and Financing Constraints on the Demand and Supply of Trade Credit.” Journal of Applied Economics 24 (1): 441–459. https://doi.org/10.1080/15140326.2021.1963394
  • Ozer, M., and W. Zhang. 2014. “The Effects of Geographic and Network Ties on Exploitative and Exploratory Product Innovation.” Strategic Management Journal 36: 1105–1114. https://doi.org/10.1002/smj.2263
  • Perols, J., C. Zimmermann, and S. Kortmann. 2013. “On the Relationship Between Supplier Integration and Time-to-Market.” Journal of Operations Management 31 (3): 153–167. https://doi.org/10.1016/j.jom.2012.11.002
  • Phan, D., V. Hoa, L. Thi, and A. Lai. 2019. “Supply Chain Coordination Under Trade Credit and Retailer Effort.” International Journal of Production Research 57 (9): 2642–2655. https://doi.org/10.1080/00207543.2019.1567950
  • Podsakoff, P., S. Mackenzie, J. Lee, and N. Podsakoff. 2003. “Common Method Biases in Behavioral Research: A Critical Review of the Literature and Recommended Remedies.” Journal of Applied Psychology 88: 879–903. https://doi.org/10.1037/0021-9010.88.5.879
  • Richardson, H., M. Simmering, and M. Sturman. 2009. “A Tale of Three Perspectives Examining Post Hoc Statistical Techniques for Detection and Correction of Common Method Variance.” Organizational Research Methods 12 (4): 762–800. https://doi.org/10.1177/1094428109332834
  • Shang, C. 2020. “Trade Credit and Stock Liquidity.” Journal of Corporate Finance 62: 101586. https://doi.org/10.1016/j.jcorpfin.2020.101586
  • Shinkle, G., and B. Mccann. 2014. “New Product Deployment: The Moderating Influence of Economic Institutional Context.” Strategic Management Journal 35 (7): 1090–1101. https://doi.org/10.1002/smj.2132
  • Shou, Y., J. Shao, W. Wang, and K. Lai. 2020. “The Impact of Corporate Social Responsibility on Trade Credit: Evidence from Chinese Small and Medium-Sized Manufacturing Enterprises.” International Journal of Production Economics 230: 107809. https://doi.org/10.1016/j.ijpe.2020.107809
  • Silvestre, B. 2015. “Sustainable Supply Chain Management in Emerging Economies: Environmental Turbulence,Institutional Voids and Sustainability Trajectories.” International Journal of Production Economics 167: 156–169. https://doi.org/10.1016/j.ijpe.2015.05.025
  • Singh, A., and J. Teng. 2016. “Enhancing Supply Chain Outcomes Through Information Technology and Trust.” Computers in Human Behavior 54: 290–300. https://doi.org/10.1016/j.chb.2015.07.051
  • Storz, C., T. Ten Brink, and N. Zou. 2022. “Innovation in Emerging Economies: How do University-Industry Linkages and Public Procurement Matter for Small Businesses?” Asia Pacific Journal of Management 39 (4): 1439–1480. https://doi.org/10.1007/s10490-021-09763-z.
  • Summers, B., and N. Wilson. 2003. “Trade Credit and Customer Relationships.” Managerial and Decision Economics 24 (6–7): 439–455. https://doi.org/10.1002/mde.1041
  • Tanskanen, K. 2015. “Who Wins in a Complex Buyer-Supplier Relationship? A Social Exchange Theory Based Dyadic Study.” International Journal of Operations & Production Management 35 (4): 577–603. https://doi.org/10.1108/IJOPM-10-2012-0432
  • Terziovski, M., and J. Guerrero. 2014. “ISO 9000 Quality System Certification and its Impact on Product and Process Innovation Performance.” International Journal of Production Economics 158: 197–207. https://doi.org/10.1016/j.ijpe.2014.08.011
  • Tran, P., M. Gorton, and F. Lemke. 2022. “Buyers’ Perspectives on Improving Performance and Curtailing Supplier Opportunism in Supplier Development: A Social Exchange Theory Approach.” Industrial Marketing Management 106: 183–196. https://doi.org/10.1016/j.indmarman.2022.08.009
  • Um, K., and S. Kim. 2019. “The Effects of Supply Chain Collaboration on Performance and Transaction Cost Advantage: The Moderation and Nonlinear Effects of Governance Mechanisms.” International Journal of Production Economics 217: 97–111. https://doi.org/10.1016/j.ijpe.2018.03.025
  • Wang, C., and Q. Hu. 2020. “Knowledge Sharing in Supply Chain Networks: Effects of Collaborative Innovation Activities and Capability on Innovation Performance.” Technovation 94–95: 102010. https://doi.org/10.1016/j.technovation.2017.12.002
  • Wang, Y., B. Liu, H. Chan, and T. Zhang. 2023. “Who Pays Buyers for not Disclosing Supplier Lists? Unlocking the Relationship Between Supply Chain Transparency and Trade Credit.” Journal of Business Research 155: 113404. https://doi.org/10.1016/j.jbusres.2022.113404
  • Wang, Z., Q. Wang, Y. Lai, and C. Liang. 2020. “Drivers and Outcomes of Supply Chain Finance Adoption: An Empirical Investigation in China.” International Journal of Production Economics 2020: 10753.
  • Wang, C., J. Yi, M. Kafouros, and Y. Yan. 2015. “Under What Institutional Conditions do Business Groups Enhance Innovation Performance?” Journal of Business Research 68 (3): 694–702. https://doi.org/10.1016/j.jbusres.2014.08.002
  • Wong, C., C. Wong, and S. Boon-Itt. 2013. “The Combined Effects of Internal and External Supply Chain Integration on Product Innovation.” International Journal of Production Economics 146 (2): 566–574. https://doi.org/10.1016/j.ijpe.2013.08.004
  • Wong, C. Y., C. W. Y. Wong, and S. Boon-Itt. 2020. “Effects of Green Supply Chain Integration and Green Innovation on Environmental and Cost Performance.” International Journal of Production Research 58 (15): 4589–4609. https://doi.org/10.1080/00207543.2020.1756510
  • Wooldridge, J. 2002. Econometric Analysis of Cross Section and Panel Data. Cambridge: MIT Press.
  • Wu, Q., K. Muthuraman, and S. Seshadri. 2019. “Effect of Financing Costs and Constraints on Real Investments: The Case of Inventories.” Production and Operations Management 28 (10): 2573–2593. https://doi.org/10.1111/poms.13062
  • Xie, X., J. Huo, and H. Zou. 2019. “Green Process Innovation, Green Product Innovation, and Corporate Financial Performance: A Content Analysis Method.” Journal of Business Research 101: 697–706. https://doi.org/10.1016/j.jbusres.2019.01.010
  • Yu, W., C. Wong, R. Chavez, and M. Jacobs. 2021. “Integrating Big Data Analytics Into Supply Chain Finance: The Roles of Information Processing and Data-Driven Culture.” International Journal of Production Economics 236: 108135. https://doi.org/10.1016/j.ijpe.2021.108135
  • Zhou, H., and W. C. Benton Jr. 2007. “Supply Chain Practice and Information Sharing.” Journal of Operations Management 25 (6): 1348–1365. https://doi.org/10.1016/j.jom.2007.01.009

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.