Supply Chain Finance and Innovation Investment: Based on financing constraints

被引:6
|
作者
Feng, Jia [1 ]
Tang, JiJun [2 ]
Qi, Zhenyu [3 ]
Liu, Jialin [4 ]
机构
[1] Jilin Univ, Sch Econ, Changchun 130012, Jilin, Peoples R China
[2] LiaoNing Univ, Sch Econ, Shenyang 110036, Liaoning, Peoples R China
[3] XinJiang Univ, Sch Econ & Management, Urumqi 830046, Xinjiang, Peoples R China
[4] JiLin Univ Finance & Econ, Changchun 130117, Jilin, Peoples R China
关键词
Supply chain finance; Innovation investment; Financing constraints;
D O I
10.1016/j.frl.2024.105349
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
We selected the data of listed small and medium-sized enterprises (SMEs) in China from 2012 to 2022 as the research sample to explore the impact of supply chain finance on SMEs ' R &D investment. It is found that supply chain finance can effectively help SMEs to improve their R &D and innovation investment; internal control ability and risk-taking level play a moderating role in the impact of supply chain finance on innovation investment; and financing constraints play a mediating role in the relationship between supply chain finance and SMEs ' R &D investment.
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页数:7
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