Environmental issues have gradually become the focus of public attention. With the increase of consumers’ awareness in environmental protection, the green development of supply chain has become the mainstream trend in the foreseeable future. At this point, government subsidy in research and development becomes a non-negligible external factor in the greening of the supply chain. In order to explore the influencing mechanism of government subsidy on the supply chain under different decision situations, this paper initially constructs a model with a leading manufacturer and a subsequent retailer and then explores the optimal decisions under centralized and decentralized decision-making. Furthermore, we simulate and validate the effects of government subsidy policies on the decisions of supply chain participants. The results show that government subsidy has a positive influence on green technology improvements in the supply chain, but the incomplete utilization of government subsidy funds under information asymmetry may significantly reduce the efficiency of policy. Under information asymmetry, the actual revenues of participants will be larger than the profits in information symmetry only when the percentage of misappropriation is relatively low. Additionally, information asymmetry will lead to a decline in social welfare and is more pronounced under centralized decision-making. Finally, we provide managerial and practical insights for the enterprise managers’ decisions.
Keywords: Supply chain management, government subsidy, Stackelberg game, information asymmetry, decision analysis
@article{RO_2022__56_6_3871_0,
author = {Song, Haohao and Wang, Ying},
title = {Enterprises{\textquoteright} decision-making under government green subsidy and information asymmetry},
journal = {RAIRO. Operations Research},
pages = {3871--3893},
year = {2022},
publisher = {EDP-Sciences},
volume = {56},
number = {6},
doi = {10.1051/ro/2022157},
mrnumber = {4507302},
zbl = {1532.90016},
language = {en},
url = {https://www.numdam.org/articles/10.1051/ro/2022157/}
}
TY - JOUR AU - Song, Haohao AU - Wang, Ying TI - Enterprises’ decision-making under government green subsidy and information asymmetry JO - RAIRO. Operations Research PY - 2022 SP - 3871 EP - 3893 VL - 56 IS - 6 PB - EDP-Sciences UR - https://www.numdam.org/articles/10.1051/ro/2022157/ DO - 10.1051/ro/2022157 LA - en ID - RO_2022__56_6_3871_0 ER -
%0 Journal Article %A Song, Haohao %A Wang, Ying %T Enterprises’ decision-making under government green subsidy and information asymmetry %J RAIRO. Operations Research %D 2022 %P 3871-3893 %V 56 %N 6 %I EDP-Sciences %U https://www.numdam.org/articles/10.1051/ro/2022157/ %R 10.1051/ro/2022157 %G en %F RO_2022__56_6_3871_0
Song, Haohao; Wang, Ying. Enterprises’ decision-making under government green subsidy and information asymmetry. RAIRO. Operations Research, Tome 56 (2022) no. 6, pp. 3871-3893. doi: 10.1051/ro/2022157
[1] , , , and , Examining green consumerism motivational drivers: Does premium price and demographics matter to green purchasing? J. Clean. Prod. 112 (2016) 3436–3450. | DOI
[2] and , Pricing and green level decisions of a green supply chain with governmental interventions under fuzzy uncertainties. J. Clean. Prod. 149 (2017) 1174–1187. | DOI
[3] and , Green sustainable supply chain under cap and trade regulation involving government introspection. RAIRO: Oper. Res. 56 (2022) 769–794. | MR | Zbl | Numdam | DOI
[4] , , , and , Joint replenishment strategy for deteriorating multi-item through multi-echelon supply chain model with imperfect production under imprecise and inflationary environment. RAIRO: Oper. Res. 56 (2022) 3071–3096. | MR | Numdam | DOI
[5] , and , Coordinating a socially responsible closed-loop supply chain with product recycling. Int. J. Prod. Econ. 188 (2017) 11–21. | DOI
[6] , Making sense of the black box: An empirical analysis investigating strategic cognition of CSR strategists in a transitional market. J. Clean. Prod. 196 (2018) 916–926. | DOI
[7] , and , How do supply chain network and SMEs’ operational capabilities enhance working capital financing? An integrative signaling view. Int. J. Prod. Econ. 220 (2020) 107447. | DOI
[8] , Does corporate social responsibility encourage sustainable innovation adoption? Empirical evidence from Luxembourg. Corp. Soc. Responsib. and Environ. Manag. 26 (2019) 681–689. | DOI
[9] and , The moderating role of relational bonding in green supply chain practices and performance. J. Purch. Supply Manag. 23 (2017) 290–299. | DOI
[10] , , and , Pricing policies of a competitive dual-channel green supply chain. J. Clean. Prod. 112 (2016) 2029–2042. | DOI
[11] , , , and , An integrated framework for sustainable supplier selection and evaluation in supply chains. J. Clean. Prod. 140 (2017) 1686–1698. | DOI
[12] , , and , Green investment in a supply chain based on price and quality competition. Soft Computing 24 (2020) 2589–2608. | Zbl | DOI
[13] , and , Firms’ Green R&D Cooperation behaviour in a supply chain: Technological spillover, power and coordination. Int. J. Prod. Econ. 218 (2019) 118–134. | DOI
[14] and , Green product design in supply chains under competition. Eur. J. Oper. Res. 258 (2017) 165–180. | MR | Zbl | DOI
[15] and , A game theoretic strategic model for understanding the online-offline competition and fairness concern under community group buying. J. Ind. Manag. Optim. (2022). DOI: 10.3934/jimo.2022012 | MR | Zbl
[16] and , A game theoretic approach for pricing, greening, and social welfare policies in a supply chain with government intervention. J. Clean. Prod. 196 (2018) 1443–1458. | DOI
[17] , , and , Evolutionary game of the green investment in a two-echelon supply chain under a government subsidy mechanism. J. Clean. Prod. 235 (2019) 1315–1326. | DOI
[18] and , A game theoretic approach for green and non-green product pricing in chain-to-chain competitive sustainable and regular dual-channel supply chains. J. Clean. Prod. 170 (2018) 1029–1043. | DOI
[19] and , Green supply chain game model and analysis under revenue-sharing contract. J. Clean. Prod. 170 (2018) 183–192. | DOI
[20] , An integrated contract for coordinating a three-stage green forward and reverse supply chain under fairness concerns. J. Clean. Prod. 279 (2021) 123735. | DOI
[21] , and , Supply chain enterprise operations and government carbon tax decisions considering carbon emissions. J. Clean. Prod. 152 (2017) 271–280. | DOI
[22] , , and , Government R&D subsidies, information asymmetry, and the role of foreign investors: Evidence from a quasi-natural experiment on the Shanghai-Hong Kong stock connect. Technol. Forecast. Soc. Change 158 (2020) 120162. | DOI
[23] , , and , Assessing redundancies in environmental performance measures for supply chains. J. Clean. Prod. 167 (2017) 1290–1302. | DOI
[24] and , Supply chain decisions under asymmetric information with cost and fairness concern. Enterp. Inf. Syst. 13 (2019) 1347–1366. | DOI
[25] , and , Comparisons of initial carbon allowance allocation rules in an O2O retail supply chain with the cap-and-trade regulation. Int. J. Prod. Econ. 187 (2017) 68–84. | DOI
[26] , Modelling intervention policies of government in price-energy saving competition of green supply chains. Comput. Ind. Eng. 119 (2018) 247–261. | DOI
[27] , and , Subsidy scheme or price discount scheme? Mass adoption of electric vehicles under different market structures. Eur. J. Oper. Res. 262 (2017) 1181–1195. | MR | Zbl | DOI
[28] and , Sustainable supply chain management with pricing, greening and governmental tariffs determining strategies: A game-theoretic approach. Comput. Ind. Eng. 105 (2017) 287–298. | DOI
[29] and , Government subsidies-based profits distribution pattern analysis in closed-loop supply chain using game theory. Neural Comput. Appl. 32 (2020) 1715–1724. | DOI
[30] and , A novel approach to safety stock management in an integrated supply chain with controllable lead time and ordering cost reduction using present value. RAIRO: Oper. Res. 54 (2020) 1327–1346. | MR | Zbl | Numdam | DOI
[31] , , and , Proactive environmental strategies and performance: Role of green supply chain processes and green product design in the Chinese high-tech industry. Int. J. Prod. Res. 54 (2016) 2136–2151. | DOI
[32] , Direct and indirect intervention schemas of government in the competition between green and non-green supply chains. J. Clean. Prod. 170 (2018) 753–772. | DOI
[33] , and , Optimal production for manufacturers considering consumer environmental awareness and green subsidies. Int. J. Prod. Econ. 182 (2016) 397–408. | DOI
[34] , and , Cooperation of green R&D in supply chain with downstream competition. Comput. Ind. Eng. 160 (2021) 107571. | DOI
[35] and , Green supply chain coordination considering government intervention, green investment, and customer green preferences in the petroleum industry. J. Clean. Prod. 246 (2020) 118984. | DOI
[36] , and , Closed-loop supply chain network equilibrium model with subsidy on green supply chain technology investment. Sustainability 11 (2019) 4403. | DOI
[37] , , , , and , Optimal strategy for a green supply chain considering shipping policy and default risk. Comput. Ind. Eng. 131 (2019) 172–186. | DOI
[38] , and , Enhancing corporate social responsibility: contract design under information asymmetry. Omega – Int. J. Manag. Sci. 67 (2017) 19–30. | DOI
[39] , and , A review on supply chain contracting with information considerations: information updating and information asymmetry. Int. J. Prod. Res. 57 (2019) 4898–4936. | DOI
[40] , and , The control strategies for information asymmetry problems among investing institutions, investors, and entrepreneurs in venture capital. Front. Psychol. 11 (2020) 1579. | DOI
[41] , , , and , Optimal decisions for a dual-channel supply chain under information asymmetry. J. Ind. Manag. Optim. 14 (2018) 1023–1040. | MR | Zbl | DOI
[42] , and , The research on abatement strategy for manufacturer in the supply chain under information asymmetry, J. Clean. Prod. 236 (2019) 117514. | DOI
[43] , , , and , Dynamic incentive mechanism design for recycling construction and demolition waste under dual information asymmetry. Sustainability 11 (2019) 2493.
[44] , Supply chain coordination under a revenue-sharing contract with corporate social responsibility and partial demand information. Int. J. Prod. Econ. 205 (2018) 1–14. | DOI
[45] , , and , Decision analysis and coordination of two-stage supply chain considering cost information asymmetry of corporate social responsibility. J. Clean. Prod. 228 (2019) 1073–1087. | DOI
[46] , , and , Corporate social responsibility and decision analysis in a supply chain through government subsidy. J. Clean. Prod. 208 (2019) 436–447. | DOI
[47] , and , Supply chain coordination with two-part tariffs under information asymmetry. Int. J. Prod. Res. 55 (2016) 2575–2589. | DOI
Cité par Sources :
