Research on Financing Constraints of Technology-Based SMEs Based on Supply Chain Finance

Feng Shen and Guan Wei Liu
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Feng Shen: School of Business, Macao University of Science and Technology Macao, China
Guan Wei Liu: School of Business, Macao University of Science and Technology Macao, China

International Journal of Research and Innovation in Applied Science, 2024, vol. 9, issue 12, 600-609

Abstract: The high financing thresholds have hindered the growth of technology-based small and medium-sized enterprises (SMEs). However, supply chain finance, as an innovative financing approach in the field of technology-based SME financing, has effectively alleviated their financing pressure and successfully reduced financing costs, opening up new financing channels for the development of technology-based SMEs. This paper conducts an empirical study using cross-sectional data from SME board-listed companies between 2013 and 2022 as samples. The research suggests that implementing this innovative supply chain finance model can effectively address the financing challenges encountered by technology-based SME，providing them with an alternative approach to overcome funding shortages. Through the collaborative efforts of governments banks enterprises，and third-party logistics companies，the unique potential of supply chain finance can be fully harnessed thereby fostering the steady growth of technology-driven SMEs.

Date: 2024
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