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Procurement risk perceptions and hedging: a cross‐industry study in Turkey

Haksöz, Çağrı (2009) Procurement risk perceptions and hedging: a cross‐industry study in Turkey. [Working Paper / Technical Report] Sabanci University ID:SU_FMAN_2009/0001

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Abstract

In this paper, we study primary cross-industry survey data collected in an emerging market, namely Turkey, in order to examine and interpret the perceptions of professionals on procurement risk hedging and management. In this process, we employ ordered logit models in order to decipher the likelihood of an operational hedging strategy, i.e., multiple sourcing, and a financial hedging strategy, i.e., using financial derivatives, and their main drivers. We show that the likelihood of hedging via multiple sourcing and financial derivatives are associated with drivers such as supplier and commodity market characteristics, managerial perceptions regarding the historical operational risk events and supply contract parameters. We also show that the impact of these drivers is intimately different on multiple sourcing and financial derivatives.

Item Type:Working Paper / Technical Report
Uncontrolled Keywords:Supply chain risk management, Procurement, Risk perception, Operational and financial hedging
Subjects:H Social Sciences > HD Industries. Land use. Labor > HD0061 Risk Management
T Technology > TS Manufactures > TS0155-194 Production management. Operations management
H Social Sciences > HG Finance > HG176.6 Financial engineering
ID Code:11926
Deposited By:Çağrı Haksöz
Deposited On:10 Sep 2009 11:20
Last Modified:18 Feb 2011 14:27

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