Firm-level supply chain risk and stock market performance

Supply chain risk - broadly defined as the collection of vulnerabilities that emerge along a firm’s supply chain and have the potential to affect the firm adversely - is of great concern to both managers and investors. We propose a firm-specific measure of supply chain risk based on a textual analysis of quarterly conference calls. Leveraging this measure of supply chain risk, we investigate its effects on stock market performance. Addressing these questions adds both nuance and breadth to the existing literature and paves the way for further empirical research.

Keno Theile joined Kühne Logistics University in August 2019 as a PhD candidate under the supervision of Prof. Dr. Kai Hoberg. His research will focus on the risk management of intra-logistics in the context of supply chain management. He received his Master's degree with distinction from the Technical University of Hamburg in Industrial Engineering concentrating on logistics and supply chain risk management. Within this period, he spent a semester abroad at Denmark’s Technical University in Copenhagen. In 2014, he received his Bachelor of Engineering degree in mechatronics from the Baden-Wuerttemberg Cooperative State University while being employed by the Daimler AG. Between his academic studies, he gained over three years of professional experience at the Mercedes Benz plants Sindelfingen and Bremen in the field of supply chain management. With responsibilities for supplier quality and as a process and quality management auditor with international workplaces in Europe and Asia, he developed a broad practical knowledge of supply chain management.