{"id":"https://openalex.org/W4410887266","doi":"https://doi.org/10.1109/tem.2025.3575350","title":"Buyer-Initiated Direct Financing and Dividend-for-Guarantee Swap Financing: Mitigating Financial Constraints in Supply Chains","display_name":"Buyer-Initiated Direct Financing and Dividend-for-Guarantee Swap Financing: Mitigating Financial Constraints in Supply Chains","publication_year":2025,"publication_date":"2025-01-01","ids":{"openalex":"https://openalex.org/W4410887266","doi":"https://doi.org/10.1109/tem.2025.3575350"},"language":"en","primary_location":{"id":"doi:10.1109/tem.2025.3575350","is_oa":false,"landing_page_url":"https://doi.org/10.1109/tem.2025.3575350","pdf_url":null,"source":{"id":"https://openalex.org/S154533451","display_name":"IEEE Transactions on Engineering Management","issn_l":"0018-9391","issn":["0018-9391","1558-0040"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Transactions on Engineering Management","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5039200928","display_name":"Wen-Hui Jiang","orcid":null},"institutions":[{"id":"https://openalex.org/I63371133","display_name":"Chongqing Jiaotong University","ror":"https://ror.org/01t001k65","country_code":"CN","type":"education","lineage":["https://openalex.org/I63371133"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Wen-Hui Jiang","raw_affiliation_strings":["School of Economics and Management, Chongqing Jiaotong University, Chongqing, China"],"affiliations":[{"raw_affiliation_string":"School of Economics and Management, Chongqing Jiaotong University, Chongqing, China","institution_ids":["https://openalex.org/I63371133"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5085527500","display_name":"Zhen\u2010Song Chen","orcid":"https://orcid.org/0000-0003-4360-5459"},"institutions":[{"id":"https://openalex.org/I37461747","display_name":"Wuhan University","ror":"https://ror.org/033vjfk17","country_code":"CN","type":"education","lineage":["https://openalex.org/I37461747"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Zhen-Song Chen","raw_affiliation_strings":["School of Civil Engineering, Wuhan University, Wuhan, China"],"affiliations":[{"raw_affiliation_string":"School of Civil Engineering, Wuhan University, Wuhan, China","institution_ids":["https://openalex.org/I37461747"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5065102952","display_name":"Huan\u2010Cheng Chang","orcid":"https://orcid.org/0000-0002-3515-4128"},"institutions":[{"id":"https://openalex.org/I319874951","display_name":"Sichuan International Studies University","ror":"https://ror.org/036pm0w06","country_code":"CN","type":"education","lineage":["https://openalex.org/I319874951"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Huan Chang","raw_affiliation_strings":["School of Business English, Sichuan International Studies University, Chongqing, China"],"affiliations":[{"raw_affiliation_string":"School of Business English, Sichuan International Studies University, Chongqing, China","institution_ids":["https://openalex.org/I319874951"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5077231209","display_name":"Qiang Yang","orcid":"https://orcid.org/0000-0002-9577-3318"},"institutions":[{"id":"https://openalex.org/I63371133","display_name":"Chongqing Jiaotong University","ror":"https://ror.org/01t001k65","country_code":"CN","type":"education","lineage":["https://openalex.org/I63371133"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Qiang Yang","raw_affiliation_strings":["School of Economics and Management, Chongqing Jiaotong University, Chongqing, China"],"affiliations":[{"raw_affiliation_string":"School of Economics and Management, Chongqing Jiaotong University, Chongqing, China","institution_ids":["https://openalex.org/I63371133"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5039200928"],"corresponding_institution_ids":["https://openalex.org/I63371133"],"apc_list":null,"apc_paid":null,"fwci":2.4714,"has_fulltext":false,"cited_by_count":1,"citation_normalized_percentile":{"value":0.89392291,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":91,"max":95},"biblio":{"volume":"72","issue":null,"first_page":"2294","last_page":"2310"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10328","display_name":"Supply Chain and Inventory Management","score":0.9740999937057495,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10328","display_name":"Supply Chain and Inventory Management","score":0.9740999937057495,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12544","display_name":"Working Capital and Financial Performance","score":0.9455999732017517,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.7272626757621765},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.6815895438194275},{"id":"https://openalex.org/keywords/swap","display_name":"Swap (finance)","score":0.6212537288665771},{"id":"https://openalex.org/keywords/supply-chain","display_name":"Supply chain","score":0.575833797454834},{"id":"https://openalex.org/keywords/dividend","display_name":"Dividend","score":0.5060953497886658},{"id":"https://openalex.org/keywords/internal-financing","display_name":"Internal financing","score":0.47619593143463135},{"id":"https://openalex.org/keywords/external-financing","display_name":"External financing","score":0.41618525981903076},{"id":"https://openalex.org/keywords/debt","display_name":"Debt","score":0.11475655436515808}],"concepts":[{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.7272626757621765},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6815895438194275},{"id":"https://openalex.org/C99821215","wikidata":"https://www.wikidata.org/wiki/Q1136583","display_name":"Swap (finance)","level":2,"score":0.6212537288665771},{"id":"https://openalex.org/C108713360","wikidata":"https://www.wikidata.org/wiki/Q1824206","display_name":"Supply chain","level":2,"score":0.575833797454834},{"id":"https://openalex.org/C116168712","wikidata":"https://www.wikidata.org/wiki/Q181201","display_name":"Dividend","level":2,"score":0.5060953497886658},{"id":"https://openalex.org/C47702881","wikidata":"https://www.wikidata.org/wiki/Q1303118","display_name":"Internal financing","level":3,"score":0.47619593143463135},{"id":"https://openalex.org/C2778776786","wikidata":"https://www.wikidata.org/wiki/Q1455109","display_name":"External financing","level":3,"score":0.41618525981903076},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.11475655436515808},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1109/tem.2025.3575350","is_oa":false,"landing_page_url":"https://doi.org/10.1109/tem.2025.3575350","pdf_url":null,"source":{"id":"https://openalex.org/S154533451","display_name":"IEEE Transactions on Engineering Management","issn_l":"0018-9391","issn":["0018-9391","1558-0040"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319808","host_organization_name":"Institute of Electrical and Electronics Engineers","host_organization_lineage":["https://openalex.org/P4310319808"],"host_organization_lineage_names":["Institute of Electrical and Electronics Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"IEEE Transactions on Engineering Management","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[{"id":"https://openalex.org/G2711152301","display_name":null,"funder_award_id":"CSTB2024NSCQ-MSX1173","funder_id":"https://openalex.org/F4320323172","funder_display_name":"Natural Science Foundation of Chongqing"},{"id":"https://openalex.org/G7198360321","display_name":null,"funder_award_id":"72301047","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"},{"id":"https://openalex.org/G7937250233","display_name":null,"funder_award_id":"72171182","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"}],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"},{"id":"https://openalex.org/F4320323172","display_name":"Natural Science Foundation of Chongqing","ror":"https://ror.org/01h0zpd94"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":70,"referenced_works":["https://openalex.org/W2016884140","https://openalex.org/W2162580091","https://openalex.org/W2169014331","https://openalex.org/W2752313566","https://openalex.org/W2766118656","https://openalex.org/W2768905718","https://openalex.org/W2772931681","https://openalex.org/W2785537595","https://openalex.org/W2788924503","https://openalex.org/W2802377366","https://openalex.org/W2885121591","https://openalex.org/W2898579858","https://openalex.org/W2944386419","https://openalex.org/W2992278909","https://openalex.org/W3030284076","https://openalex.org/W3095479090","https://openalex.org/W3113650523","https://openalex.org/W3119758467","https://openalex.org/W3121717061","https://openalex.org/W3122986902","https://openalex.org/W3123825819","https://openalex.org/W3124457768","https://openalex.org/W3125019058","https://openalex.org/W3125032869","https://openalex.org/W3127541428","https://openalex.org/W3137396988","https://openalex.org/W3196557955","https://openalex.org/W3202937120","https://openalex.org/W3205555627","https://openalex.org/W3207735148","https://openalex.org/W4200149628","https://openalex.org/W4214919558","https://openalex.org/W4280575173","https://openalex.org/W4281846322","https://openalex.org/W4281976785","https://openalex.org/W4287511315","https://openalex.org/W4295346585","https://openalex.org/W4296430747","https://openalex.org/W4306759125","https://openalex.org/W4310273778","https://openalex.org/W4324394909","https://openalex.org/W4367310536","https://openalex.org/W4380079388","https://openalex.org/W4385614468","https://openalex.org/W4386295601","https://openalex.org/W4386812699","https://openalex.org/W4387118934","https://openalex.org/W4387587507","https://openalex.org/W4388010033","https://openalex.org/W4388793746","https://openalex.org/W4389665997","https://openalex.org/W4390414652","https://openalex.org/W4390578419","https://openalex.org/W4390684519","https://openalex.org/W4391332917","https://openalex.org/W4391537986","https://openalex.org/W4392767764","https://openalex.org/W4393029274","https://openalex.org/W4394879681","https://openalex.org/W4396768638","https://openalex.org/W4396845041","https://openalex.org/W4399697760","https://openalex.org/W4400357852","https://openalex.org/W4400459877","https://openalex.org/W4401332590","https://openalex.org/W4401824622","https://openalex.org/W4401943602","https://openalex.org/W4402352882","https://openalex.org/W4402837292","https://openalex.org/W4403299279"],"related_works":["https://openalex.org/W3163900985","https://openalex.org/W1578365387","https://openalex.org/W2074460090","https://openalex.org/W3123884277","https://openalex.org/W2388654407","https://openalex.org/W2592899846","https://openalex.org/W2581645361","https://openalex.org/W2379232551","https://openalex.org/W2387855033","https://openalex.org/W3122888187"],"abstract_inverted_index":{"This":[0],"study":[1],"investigates":[2],"the":[3,44,64,76,84,98,101,105,111,117,120,130,137,150,153,229,233],"comparative":[4],"effectiveness":[5],"of":[6,83,221],"two":[7,65,85],"buyer-initiated":[8],"financing":[9,13,18,38,60,86,219],"schemes,":[10],"namely":[11],"direct":[12],"(DF)":[14],"and":[15,29,54,70,104,119,152,164,212,232],"dividend-for-guarantee":[16],"swap":[17],"(DGF),":[19],"within":[20],"a":[21,25,30,168,188,204,217,225],"supply":[22,93,122,235],"chain":[23,94,123],"comprising":[24],"financially":[26],"constrained":[27],"supplier":[28,131,151],"large":[31],"retailer.":[32],"DGF":[33,126,135,165,185,202,222],"is":[34,79,140],"an":[35,178,193],"innovative":[36],"guarantee":[37],"program":[39],"that":[40,161,201],"contributes":[41],"to":[42],"mitigating":[43],"risk-return":[45],"imbalance":[46],"for":[47,58,174,228],"guarantors.":[48],"We":[49,143],"develop":[50],"Stackelberg":[51],"game":[52],"models":[53],"derive":[55],"equilibrium":[56],"decisions":[57],"each":[59],"scheme":[61],"separately":[62],"under":[63,110,147,177,192],"wholesale":[66,77,99,113,180,195,214],"pricing":[67,114,181,196],"scenarios:":[68],"exogenous":[69,179],"endogenous.":[71],"Our":[72],"research":[73],"indicates":[74],"when":[75,136],"price":[78],"predetermined":[80],"exogenously,":[81],"either":[82],"schemes":[87],"can":[88,166,186,223],"be":[89],"preferred":[90],"by":[91],"all":[92],"parties,":[95],"depending":[96],"on":[97],"price,":[100],"production":[102,138,210],"cost,":[103],"profit":[106],"dividend":[107],"ratio.":[108],"However,":[109],"endogenous":[112,194],"scenario,":[115],"both":[116,149,162,175],"retailer":[118,154],"entire":[121,234],"consistently":[124],"prefer":[125],"over":[127],"DF,":[128],"whereas":[129],"only":[132,184],"benefits":[133],"from":[134],"cost":[139],"comparatively":[141],"high.":[142],"further":[144],"identify":[145],"conditions":[146],"which":[148],"exhibit":[155],"alignment":[156],"in":[157],"their":[158],"preferences,":[159],"finding":[160],"DF":[163],"create":[167],"win-win":[169],"situation":[170,227],"(i.e.,":[171],"preference":[172],"alignment)":[173],"parties":[176],"scenario.":[182,197],"Nevertheless,":[183],"ensure":[187],"mutually":[189],"beneficial":[190,205],"outcome":[191],"Interestingly,":[198],"we":[199],"demonstrate":[200],"retains":[203],"tolerance":[206],"effect":[207],"towards":[208],"high":[209,213],"costs":[211],"prices.":[215],"Such":[216],"distinctive":[218],"advantage":[220],"foster":[224],"triple-win":[226],"retailer,":[230],"supplier,":[231],"chain.":[236]},"counts_by_year":[{"year":2025,"cited_by_count":1}],"updated_date":"2026-02-01T03:34:12.195049","created_date":"2025-10-10T00:00:00"}
