Supply Chain Finance and Innovation Investment: Based on financing constraints

Jia Feng, JiJun Tang, Zhenyu Qi and Jialin Liu

Finance Research Letters, 2024, vol. 63, issue C

Abstract: 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.

Keywords: Supply chain finance; Innovation investment; Financing constraints (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:63:y:2024:i:c:s1544612324003799

DOI: 10.1016/j.frl.2024.105349

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