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"Global Supply Chains and Cross-Border Financing" by Dr. Jing Wu

Publishing Date: 28/09/2018      (Last Update: 26/09/2018)

IIM Seminar

Speaker:

  • Dr. Jing Wu
    Assistant Professor
    Department of Management Sciences
    City University of Hong Kong

Event Details

DateTuesday, 23 October 2018
Time2:30 p.m. — 4:00 p.m.
VenueKK 1301, K.K. Leung Bldg

Abstract:

Financial globalisation is still far from complete four decades after the end of the Bretton Woods System largely due to transaction costs and informational frictions. In this study, we ask if global supply-chain relationships help firms access cross-border financing in the international capital markets. Comparing two firms that are otherwise similar, we observe the firm that has formed global supply-chain relationships to have more cross-border financing after the supply chain formation. This result is supported empirically by all major financing vehicles, including stock cross-listing, bond issuance, bank loans, and M&A deals.

[This talk is OM-finance empirical work]