Supply Chain Digitalization and Firms' Access to Bank Loans: Evidence From China

Qian Liu, Libin Qin and Xuena Liu

Economics and Politics, 2025, vol. 37, issue 3, 931-945

Abstract: Using a quasi‐natural experiment of Supply Chain Innovation and Application Pilot program, this study reveals that supply chain digitalization significantly increases firms' access to bank loans. Supply chain digitalization promotes firms' access to bank loans by alleviating information asymmetry, reducing financial risk and facilitating the development of supply chain finance. The impact of supply chain digitalization on bank loans is stronger among firms with higher industry uncertainty, lower proportion of independent directors and higher digital transformation levels. Moreover, the study shows that supply chain digitalization significantly reduces the cost of firms' bank loans and helps companies obtain more credit loans instead of mortgage loans. The economic consequence analysis shows that supply chain digitalization can ultimately improve firms' market value. Our findings provide references for building the modern supply chain system.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/ecpo.12351

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:ecopol:v:37:y:2025:i:3:p:931-945

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0954-1985

Access Statistics for this article

Economics and Politics is currently edited by Peter Rosendorff

More articles in Economics and Politics from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().