Financial Empowerment and Technological Leap: Research on the Driving Mechanism of Supply Chain Finance on Enterprise Digital Transformation

Wu Chenxi ()
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Wu Chenxi: Universiti Teknologi Malaysia, UTM Johor Bahru, 81310, Johor Bahru, Malaysia Author-2-Name: Thoo Ai Chin Author-2-Workplace-Name: Universiti Teknologi Malaysia, UTM Johor Bahru, 81310, Johor Bahru, Malaysia Author-3-Name: Dai Yuhui Author-3-Workplace-Name: School of Business Administration, Zhejiang University of Finance & Economics, Dongfang College, No. 2 Yangshan Road, Changan Town, Haining City, Jiaxing, Zhejiang Province, China Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:

GATR Journals from Global Academy of Training and Research (GATR) Enterprise

Abstract: " Objective - The digital transformation of enterprises is an important tool for building a Digital China and developing New Productivity, while supply chain finance brings profound innovation to financial services. Existing research lacks an in-depth exploration of the relationship between Supply Chain Finance and Digital Transformation. Methodology/Technique – Based on theoretical analyses, this paper explores the impact of SCF on enterprise's DT and its internal mechanism using the data of A-share non-financial enterprises in China from 2010 to 2022. Findings – SCF significantly improves enterprises' DT levels, and this conclusion holds for major event shocks. Mechanism analysis shows that this effect is primarily achieved through resource allocation and risk smoothing. Novelty – This paper expands the research boundary at the micro level and provides new evidence and ideas to help SCF better serve the real economy and accelerate enterprise DT. Type of Paper - Empirical"

Keywords: Supply chain finance; Digital transformation; Earnings enhancement effect; Cost improvement effect; Risk smoothing effect. (search for similar items in EconPapers)
JEL-codes: D14 G53 (search for similar items in EconPapers)
Pages: 13
Date: 2026-03-31
New Economics Papers: this item is included in nep-inv
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Published in Journal of Finance and Banking Review, Volume 10, Issue 4

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Persistent link: https://EconPapers.repec.org/RePEc:gtr:gatrjs:jfbr233

DOI: 10.35609/jfbr.2026.10.4(1)

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