Purpose

This paper aims to examine the relationship between environmental factors, risk perception and decision-making in risk management. Specifically, using attribution theory, the authors study the influence of macro-level logistical capabilities of a host country on a firm’s actual and perceived supply chain risk, and examine if this country-level factor and the firm level perception of risk affect a firm’s decision-making in risk management.

Design/methodology/approach

This study uses a combination of primary data from 932 manufacturing firms from 22 countries and secondary data from the logistics performance index (LPI), and empirically tests the conceptual framework using partial least squares structural equation modeling.

Findings

Key results reveal that a country’s logistical capabilities, measured using LPI, have a significant impact on managers’ risk perception. Firms located in countries with high LPI perceive lower risk in their supply chain both in the upstream and downstream, and therefore do not invest much in external integration, compared to firms in low LPI countries, and hence are exposed to high risk.

Originality/value

This is one of the first empirical studies linking a country’s logistical capabilities with supply chain risk perceptions, objective supply chain risk and supply chain risk management efforts of a firm using the International Manufacturing Strategy Survey database.

中文翻译：

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一国物流能力对供应链风险的影响

目的

本文旨在探讨风险管理中环境因素、风险感知和决策制定之间的关系。具体来说，作者使用归因理论研究了东道国宏观层面的物流能力对企业实际和感知的供应链风险的影响，并检验了该国家层面的因素和企业层面的风险感知是否会影响企业的决策- 风险管理。

设计/方法/途径

本研究结合了来自 22 个国家/地区的 932 家制造企业的主要数据和物流绩效指数 (LPI) 的次要数据，并使用偏最小二乘结构方程模型对概念框架进行了实证检验。

发现

主要结果表明，使用 LPI 衡量的国家后勤能力对管理者的风险认知有重大影响。与低 LPI 国家的公司相比，位于高 LPI 国家的公司认为其供应链上游和下游的风险较低，因此不会在外部整合方面投入太多，因此面临高风险。

原创性/价值

这是使用国际制造战略调查数据库将一个国家的物流能力与供应链风险认知、客观供应链风险和一家公司的供应链风险管理工作联系起来的首批实证研究之一。