Digital finance, value cocreation, and supply chain resilience: Evidence from listed manufacturing firms in China
Guangren Chen and
Zuwei Yu
Finance Research Letters, 2024, vol. 70, issue C
Abstract:
This study investigated the impact of digital finance on supply chain resilience using data from China's manufacturing industry during the years 2012–2022. Findings indicate that digital finance significantly improved supply chain resilience. The mechanism test revealed that value cocreation is a vital transmission mechanism through which digital finance affects supply chain resilience. Financial regulation exerts a positive moderating effect on the relationship between digital finance and supply chain resilience. Heterogeneity analysis indicates that the impact of digital finance on supply chain resilience was primarily observed in mature firms and regions with a favorable business environment.
Keywords: Digital finance; Value cocreation; Supply chain resilience; Financial regulation (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:70:y:2024:i:c:s1544612324013515
DOI: 10.1016/j.frl.2024.106322
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