Supply Chains and Management Disclosures: Evidence from Port Congestion

44 Pages Posted: 8 Apr 2024

See all articles by Hengda Jin

Hengda Jin

Texas A&M University - Mays Business School

Jordan Schoenfeld

Ohio State University (OSU)

Date Written: March 14, 2024

Abstract

Recent global events have highlighted the importance of supply chain shocks on manufacturing firms' fundamentals. To study this issue systematically, we create a measure of port congestion that is plausibly exogenous to most firms. We find that our measure is significantly associated with changes in firm fundamentals such as inventory levels and profitability. Investors appear to demand an explanation for these changes in fundamentals, which managers supply through increased disclosure. Port congestion is thus an important factor for managers' disclosure choices.

Keywords: Corporate disclosure, port congestion; supply chain

Suggested Citation

Jin, Hengda and Schoenfeld, Jordan, Supply Chains and Management Disclosures: Evidence from Port Congestion (March 14, 2024). Available at SSRN: https://ssrn.com/abstract=4759628 or http://dx.doi.org/10.2139/ssrn.4759628

Hengda Jin

Texas A&M University - Mays Business School ( email )

460S Wehner Building, 4353 TAMU
College Station, TX 77840
United States

Jordan Schoenfeld (Contact Author)

Ohio State University (OSU) ( email )

Blankenship Hall-2010
901 Woody Hayes Drive
Columbus, OH OH 43210
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
101
Abstract Views
353
Rank
494,527
PlumX Metrics