Format:
1 Online-Ressource (circa 40 Seiten)
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Illustrationen
Series Statement:
Discussion paper series / Centre for Economic Policy Research DP18818
Content:
A large food multinational wishes to help micro-distributors in its supply chain with the financing of a productive asset. Collaborating with the firm in Kenya, we conduct a field experiment to compare asset financing under a traditional debt contract to three alternatives that provide a greater sharing of risk and reward. We find the largest impacts from a novel hybrid contract that combines both debt- and equity-like features. The results suggest substantial mutual benefits for the multinational, its micro-distributors, and stock-points within its supply chain. These findings demonstrate the economic appeal of financing contracts that harness the improved observability of performance data in many low- and middle-income settings.
Language:
English
Keywords:
Graue Literatur
URL:
Deutschlandweit zugänglich
URL:
Deutschlandweit zugänglich
Author information:
Mayer, Colin P. 1953-
