%0 Journal Article
%T 供应链金融、融资约束与企业创新绩效<br>Supply Chain Finance, Financing Constraints, and Corporate Innovation Performance
%A 陈俊羽
%J Finance
%P 387-396
%@ 2161-0975
%D 2025
%I Hans Publishing
%R 10.12677/fin.2025.152040
%X 供应链金融作为金融服务实体经济的重要举措&#65292;在企业融资、创新等方面有着重大影响。本文选取2011年至2021年间沪深A股制造业上市公司为样本&#65292;探讨供应链金融水平对制造业企业创新绩效的影响。研究发现&#65292;供应链金融能够提升制造业企业的创新绩效&#65292;进一步分析发现&#65292;供应链金融通过缓解制造业企业的融资约束提升制造业企业的创新绩效。<br>As an important initiative in providing financial services to the real economy, supply chain finance has a significant impact on corporate financing and innovation. This study selects listed manufacturing companies in the Shanghai and Shenzhen A-share markets from 2011 to 2021 as the research sample to explore the impact of supply chain finance levels on the innovation performance of manufacturing enterprises. The findings indicate that supply chain finance enhances the innovation performance of manufacturing enterprises. Further analysis reveals that supply chain finance achieves this improvement by alleviating the financing constraints faced by manufacturing enterprises.
%K 供应链金融&#65292
%K 制造业企业&#65292
%K 创新绩效&#65292
%K 融资约束<br>Supply Chain Finance
%K Manufacturing Enterprises
%K Innovation Performance
%K Financing Constraints
%U http://www.hanspub.org/journal/PaperInformation.aspx?PaperID=108929