The Impact of Supply Chain Finance on Total Factor Productivity of Publicly Listed Companies in China

Yixin Dou and Fan Zhang ()
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Yixin Dou: Harbin University of Commerce, School of Finance
Fan Zhang: Harbin University of Commerce, School of Finance

A chapter in Proceedings of the 2025 4th International Conference on Public Service, Economic Management and Sustainable Development (PESD 2025), 2025, pp 610-616 from Springer

Abstract: Abstract As a key hub connecting finance and the real economy, supply chain finance plays a supporting function in the development of the real economy, and it is becoming increasingly significant to China’s economic growth. This study employs Chinese A-share listed companies from 2007 to 2023 as research samples, and empirically tests the influence of supply chain finance on total factor productivity of enterprises and its mechanism by using two-way fixed effect model. The results indicate that supply chain finance can improve the total factor productivity of enterprises through three mechanisms: optimizing the allocation of credit resources, and this relationship is still valid after endogenous processing and a series of robustness tests. The results not only expand the relevant research on the driving factors of enterprise total factor productivity, but also have theoretical and practical value for improving the modernization level of enterprise supply chain and advancing the premium development of enterprises and the economy.

Keywords: supply chain finance; total factor productivity; credit resource allocation (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-916-2_66

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DOI: 10.2991/978-94-6463-916-2_66

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