The impact of supply chain finance on supplier stability: The mediation role of corporate risk-taking

Xinmeng Liu and Zhihong Zheng

Finance Research Letters, 2024, vol. 65, issue C

Abstract: Supply chain finance is an effective mechanism to alleviate informational asymmetry between banks and SMEs and facilitate successful financing. C ompanies are becoming increasingly aware that maintaining close relationships with stable suppliers is crucial for the efficient development of supply chain finance. This study, based on a sample of Chinese listed companies from 2010 to 2022, examines the relationship between supply chain finance, supplier stability, and corporate risk-taking. The findings indicate that: 1. Supply chain finance positively influences supplier stability; 2. Corporate risk-taking mediates the relationship between supply chain finance and supplier stability; 3. Heterogeneity analysis reveals that the impact of supply chain finance on supplier stability is more pronounced in western regions and non-heavy pollution industries.

Keywords: Supply chain finance; Supplier stability; Corporate risk-taking; China (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:65:y:2024:i:c:s1544612324006366

DOI: 10.1016/j.frl.2024.105606

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