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E-Commerce Letters 2024
供应链金融对核心企业经营风险的影响研究
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Abstract:
供应链金融作为中小企业融资难题解决方案，主要基于交易主体征信和与核心企业具有稳定的业务关系两要素发展，所以核心企业对供应链金融稳定发展具有重要作用，其经营状况也会对其他节点企业产生深远影响。目前对供应链金融与核心企业经营风险的关系研究较少，本文以2012~2023年中小板上市企业为样本，实证研究供应链金融对核心企业经营风险的影响。结果表明供应链金融能够降低核心企业的经营风险，且是通过缓解核心企业的融资约束这一路径实现的，这为供应链企业提供一定的发展思路，同时在理论上为供应链金融与核心企业经营风险影响研究与两者之间的机制研究提供些许参考。
As a solution to the financing difficulties faced by small and medium-sized enterprises, supply chain finance is mainly developed based on two factors: the creditworthiness of the trading entity and stable business relationships with the core enterprise. Therefore, the core enterprise plays an important role in the stable development of supply chain finance, and its operating conditions will also have a profound impact on other node enterprises. At present, there is relatively little research on the relationship between supply chain finance and core enterprise operational risk. This article takes small and medium-sized board listed companies from 2012 to 2023 as samples to empirically study the impact of supply chain finance on core enterprise operational risk. The results indicate that supply chain finance can reduce the operational risks of core enterprises, and this is achieved through alleviating the financing constraints of core enterprises. This provides certain development ideas for supply chain enterprises, and also provides some theoretical references for the study of the impact of supply chain finance and core enterprise operational risks, as well as the mechanism research between the two.
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