@article{du_credit_2026,
	title = {Credit risk-inclusive reverse factoring model for textile supply chains},
	issn = {1222-5347},
	url = {https://revistaindustriatextila.ro/images/2026/2/009%20PENG%20DU_INDUSTRIA%20TEXTILA%20no.2_2026.pdf},
	doi = {10.35530/IT.077.02.202527},
	abstract = {his paper investigates a two-tier supply chain comprising a core retailer and a capital-constrained supplier within the
textile industry. Utilising the Stackelberg game model, the study examines three distinct scenarios for implementing
reverse factoring: unsecured, third-party external guarantees, and platform-mediated factoring. The research
incorporates the reputation loss risk faced by retailers in the textile sector and analyses the optimal strategies for reverse
factoring financing under conditions of random market demand. The findings indicate that external guarantees do not
significantly mitigate the adverse effects of reputation loss risk when core retailers proactively engage in reverse
factoring financing. This suggests that the introduction of external guarantees in reverse factoring offers limited utility.
Conversely, platform-mediated reverse factoring financing proves to be an effective mechanism for reducing the impact
of reputation loss risk, with its efficacy increasing as the factoring company’s credit line decreases. Furthermore, the
study concludes that when the platform’s service fee rate is low, textile retailers should opt for platform-mediated reverse
factoring financing to optimise their financial operations},
	urldate = {2026-05-17},
	journal = {Industria Textila},
	author = {Du, Peng and Wang, Xiaohan and Lu, Yunpeng and Zhang, Xin and Zhao, Shengying},
	month = may,
	year = {2026},
	pages = {268},
}