Cash-Flow Bullwhip Effect in the Semiconductor Industry: An Empirical Investigation - Advances in Production Management Systems. Artificial Intelligence for Sustainable and Resilient Production Systems. IFIP WG 5.7 International Conference. Part II Access content directly
Conference Papers Year : 2021

Cash-Flow Bullwhip Effect in the Semiconductor Industry: An Empirical Investigation

Abstract

Cash flow bullwhip effect (CFB) is the amplification of working capital variance along a supply chain. High CFB is a sign of inefficient working capital (WC) management and can lead to a significant reduction in financial resilience. CFB can be used as a measure of a company’s ability to manage operational risks and corresponding resilience. We investigate the existence of CFB and the traditional bullwhip effect (BWE) in a sample of 238 semiconductor companies over 2010-Q1 to 2020-Q4. These companies' average CFB and BWE are 3.95 and 2.77, respectively. We find that CFB and BWE of a semiconductor company are negatively associated with company size, degree of seasonality in demand, and company’s payment policy conservativeness; and positively associated with procurement and payment lead times.
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hal-04117639 , version 1 (05-06-2023)

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Chintan Patil, Vittaldas V. Prabhu. Cash-Flow Bullwhip Effect in the Semiconductor Industry: An Empirical Investigation. IFIP International Conference on Advances in Production Management Systems (APMS), Sep 2021, Nantes, France. pp.68-77, ⟨10.1007/978-3-030-85902-2_8⟩. ⟨hal-04117639⟩
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