Table A4 Cross-case analysis processor –...

Table A4

Cross-case analysis processor – part 2

Macro variable	Variable	Financial institution (M)		Financial institution N	Financial institution O	Financial institution P	Firm F	Firm H
SCF solution	SCF solution	What: RF How: RF provider When: latest years	What: IF Traditional When: under evaluation (2019)	What: RF When: under evaluation	What: IF Control How: derecognition, Special Purpose Vehicle	What: IF Control How: derecognition, repurchase option When: 2000 in Europe, under development in Italy	What: DD When: 2015, proposed but not implemented	What: DD When: 2019
Technology	Technology			Technological platform	No technology in stock monitoring	No technology platform, no technology in stock monitoring	Supporting technological platform provided by a third party	Technological platform provided by a third party
Actors	SC level	Producer – Processor		Producer – Processor	Processor	Processor – Traders	Producers – Processor	Producers – Processors
	Size	–		–	Big firm	Big firm	Big firm	Big firm Used by small suppliers
	Activator	Processor					Processor	Processor
Product category	Category	Fresh			Frozen	Commodity	Commodity	Fresh/Commodity
Product category	Product	Milk			Frozen vegetables
Regulation	Late Payment Directive
Regulation	Nonpossessory revolving pledge		Lack of regulation about nonpossessory pledge blocking the implementation
Drivers	Bankruptcy risk of suppliers
	Payment terms	X (DSO for producers)					X (reduce payment terms for suppliers)	X (reduce payment terms for small suppliers)
	Lack of liquidity	X			X	X	X (of suppliers)	X (for small suppliers)
	Exploit the excess of liquidity							X (due to seasonality)
	Need of ensure quality
	Lack of access to financial services						X (for suppliers)	X (for suppliers)
	Long production cycles					X
	Level of stocks		X (High NOWC)		X (High NOWC)	X (High NOWC)
	Lack of collateral
	Short maturity period
	Sustainability						X
New drivers	Need to collaborate with relevant customers
New drivers	Need to improve balance sheet composition
Barriers	Knowledge about SCF			X (farmers)			X (suppliers)	X
	Technological barriers			X (farmers)			X (suppliers)
	Collaboration & visibility
	Organizational policies
	Regulatory barriers		X (nonpossessory pledge)			X (nonpossessory pledge, revolving pledge)
	Macro-institutional challenges
	Asymmetric information
	Lack of high volumes	X			X
New barriers	Cultural change	X		X			X	X
	Complexity and time efforts				X
	Uncertain marketability		X
	Finding a financial institution willing to take the risk

Macro variable	Variable	Financial institution (M)		Financial institution N	Financial institution O	Financial institution P	Firm F	Firm H
SCF solution	SCF solution	What: RFHow: RF providerWhen: latest years	What: IF TraditionalWhen: under evaluation (2019)	What: RFWhen: under evaluation	What: IF ControlHow: derecognition, Special Purpose Vehicle	What: IF ControlHow: derecognition, repurchase optionWhen: 2000 in Europe, under development in Italy	What: DDWhen: 2015, proposed but not implemented	What: DDWhen: 2019
Technology	Technology			Technological platform	No technology in stock monitoring	No technology platform, no technology in stock monitoring	Supporting technological platform provided by a third party	Technological platform provided by a third party
Actors	SC level	Producer – Processor		Producer – Processor	Processor	Processor – Traders	Producers – Processor	Producers – Processors
	Size	–		–	Big firm	Big firm	Big firm	Big firmUsed by small suppliers
	Activator	Processor					Processor	Processor
Product category	Category	Fresh			Frozen	Commodity	Commodity	Fresh/Commodity
Product category	Product	Milk			Frozen vegetables
Regulation	Late Payment Directive
Regulation	Nonpossessory revolving pledge		Lack of regulation about nonpossessory pledge blocking the implementation
Drivers	Bankruptcy risk of suppliers
	Payment terms	X (DSO for producers)					X (reduce payment terms for suppliers)	X (reduce payment terms for small suppliers)
	Lack of liquidity	X			X	X	X (of suppliers)	X (for small suppliers)
	Exploit the excess of liquidity							X (due to seasonality)
	Need of ensure quality
	Lack of access to financial services						X (for suppliers)	X (for suppliers)
	Long production cycles					X
	Level of stocks		X (High NOWC)		X (High NOWC)	X (High NOWC)
	Lack of collateral
	Short maturity period
	Sustainability						X
New drivers	Need to collaborate with relevant customers
New drivers	Need to improve balance sheet composition
Barriers	Knowledge about SCF			X (farmers)			X (suppliers)	X
	Technological barriers			X (farmers)			X (suppliers)
	Collaboration & visibility
	Organizational policies
	Regulatory barriers		X (nonpossessory pledge)			X (nonpossessory pledge, revolving pledge)
	Macro-institutional challenges
	Asymmetric information
	Lack of high volumes	X			X
New barriers	Cultural change	X		X			X	X
	Complexity and time efforts				X
	Uncertain marketability		X
	Finding a financial institution willing to take the risk

Source: Authors’ own creation

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