Supply chain finance and risk management: A selective survey and research agenda

This chapter first presents a selective survey of the literature on supply chain finance (SCF) and supply chain risk management (SCRM). While many studies have examined working capital management issues, there is a lack of systematic research into other important aspects of SCF, including the process and efficiency of capital investment decisions, sources, and costs of long-term financing, as well as management accounting, financial reporting, and disclosure issues. The literature in SCRM has emphasized definitions, assessment frameworks, and risk mitigation strategies, usually from an operations management perspective. In contrast, there is a dearth of research into economic, management, governance, and financial aspects of SCRM. I outline an agenda for future research that enriches our knowledge of SCF and SCRM through an integrated and multidisciplinary approach.