Table 1 A comparison between the most related previous studies and the current work
Authors | SC structure | TCF options | Financial decisions | Developing a new Coordinating contract | Vertical competition | Horizontal competition | Financing restriction | External financing |
|---|---|---|---|---|---|---|---|---|
Lee & Rhee, (2011) | Single product Two members | Permissible delay on payments subject to a penalty | ✗ | ✗ | ✓ | ✗ | ✗ | ✓ |
Kouvelis & Zhao (2012) | Single product Two members | Discount on early payment, permissible delay on payments subject to a penalty | Bank interest rate | ✗ | ✓ | ✗ | ✗ | ✓ |
Chen & Wang (2012) | Single product Two members | Permissible delay on payment with no interest | ✗ | ✗ | ✓ | ✗ | ✗ | ✗ |
Luo & Zhang (2012) | Single product Two members | Permissible delay on payment with no interest | Trade credit length | ✗ | ✗ | ✗ | ✗ | ✗ |
Devalkar & Krishnan (2019) | Single product Two members | Permissible delay on payment with no interest | Trade credit length, the portion of early payment receivables | ✓ | ✗ | ✗ | ✗ | ✓ |
Ding & Wan (2020) | Single product Two members | ✗ | Advance payment interest rate | ✗ | ✓ | ✗ | ✗ | ✓ |
Single product Two members | ✗ | ✗ | ✗ | ✓ | ✗ | ✗ | ✗ | |
Single product Two members | Permissible delay on payments subject to penalty | ✗ | ✗ | ✓ | ✗ | ✗ | ✓ | |
Emtehani et al., (2021b) | Multiple products Multiple members | Permissible delay on payments subject to penalty | Selection of financing modes, loan amount, payment time, due dates of the interest-free periods, the rate of advanced payment | ✗ | ✗ | ✗ | ✓ | ✓ |
Current study | Multiple products Multiple members | Three options; Discount on early payments, permitted delay on payments with no interest, permitted delay on payments subject to penalties | Selection of financing modes, loan amount, selection of trade credit options, payment times to suppliers, due dates of the discounted period, discount rates, due dates of the interest-free periods, penalty rates, revenue sharing coefficient | ✓ | ✓ | ✓ | ✓ | ✓ |