Abstract
Supply chain financing strategies of sports industry from the perspective of game theory are quantitative analyzed. Traditional financing game model and supply chain financing game model of small and medium-sized enterprises(SMEs) of sports industry are constructed respectively. The bank lending probability and the default probability of SMEs in sports industry under mixed strategy Nash equilibrium are compared in two cases. Research shows that supply chain financing can effectively improve the bank lending probability, while reducing the moral hazard of SMEs in sports industry. Supply chain financing can not only alleviate the financing difficulties of SMEs in sports industry, but also improve the coordination of supply chain, ensure the strategic expansion of core enterprises and realize the long-term development of sports industry.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Caniato, F., Gelsomino, L., Perego, A., et al.: Does finance solve the supply chain financing problem? Supply Chain. Manag. 21(5), 34–549 (2016)
Orbian: Supply chain finance is coming of age. Glob. Financ. 29, 46–47 (2015)
Hofmann, E., Johnson, M.: Supply chain finance—some conceptual thoughts reloaded. Int. J. Phys. Distrib. Logist. Manag. 46(4), 1–8 (2016)
Wuttkea, D.A., Blome, C., Heese, H.S., et al.: Supply chain finance: optimal introduction and adoption decisions. Int. J. Prod. Econ. 178, 72–81 (2016)
Cao, E., Du, L., Ruan, J.: Financing preferences and performance for an emission-dependent supply chain: supplier vs. bank. Int. J. Prod. Econ. 208, 383–399 (2019)
Moritz, L.G.: Supply chain finance: applying finance theory to supply chain management to enhance finance in supply chains. Int. J. Logist. Res. Appl. 13, 133–142 (2010)
More, D., Basu, P.: Challenges of supply chain finance: a detailed study and a hierarchical model based on the experiences of an Indian firm. Bus. Process. Manag. J. 19, 624–647 (2013)
Xu, X., Chen, X., Fu, J., et al.: Supply chain finance: a systematic literature review and bibliometric analysis. Int. J. Prod. Econ. 204, 160–173 (2018)
Fritz, M., Canavari, M.: Management of perceived e-business risks in food‐supply networks: e-trust as prerequisite for supply-chain system innovation. Agribus.: Int. J. 24, 355–368 (2008)
Gelsomino, L., Mangiaracina, R., Perego, A., et al.: Supply chain finance: a literature review. Int. J. Phys. Distrib. Logist. Manag. 46(4), 348–366 (2016)
Acknowledgements
This research was financially supported by the Ministry of Education in China(MOE) Project of Humanities and Social Sciences (Project No. 15YJC890015), the Education Department of Hubei Province Project of Humanities and Social Sciences (Project No. 16Q217), and the Wuhan Sports University Foundation for Young Scholars (Project No. 2016QS04).
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2021 Springer Nature Switzerland AG
About this paper
Cite this paper
Li, S. (2021). Supply Chain Financing Strategy in Sports Industry Based on Game Theory. In: Sugumaran, V., Xu, Z., Zhou, H. (eds) Application of Intelligent Systems in Multi-modal Information Analytics. MMIA 2020. Advances in Intelligent Systems and Computing, vol 1233. Springer, Cham. https://doi.org/10.1007/978-3-030-51431-0_22
Download citation
DOI: https://doi.org/10.1007/978-3-030-51431-0_22
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-51430-3
Online ISBN: 978-3-030-51431-0
eBook Packages: Intelligent Technologies and RoboticsIntelligent Technologies and Robotics (R0)