Table A2

Cross-case analysis producer and cooperative

Macro variableVariableFirm JFirm K
SCF solutionSCF solution3 Minibond
2017, 2018, 2019
IF Traditional.
Repurchasing agreement, without dispossession
under evaluation
Minibond
revolving pledge, without dispossession
2016, 2018, 2019
TechnologyDigital registers, stock monitoring systemDigital registers, stock monitoring systemNo technology system
SC stageSC stageProducerProducerCooperative
ActivatorProducerProducerCooperative
SizeSizeSMESMESME
Product categoryCategoryAgedAgedAged
ProductWineWineCheese
RegulationLate Payment Directive   
DriversBankruptcy risk of suppliers   
Payment terms   
Lack of liquidityX X X
Exploit the excess of liquidity   
Need of ensure quality   
Lack of access to financial servicesX  X
Long production cyclesX X X
Level of stocks X X X
Lack of collateral X  
Short maturity period X  X
BarriersKnowledge about SCFXXX
Technological barriers   
Collaboration and visibility   
Organizational policies   
Regulatory barriers   
Macro-institutional challenges   
Asymmetric information   
Lack of high volumes   
New barriersCultural changeX X
Source: Authors’ own creation

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