The study of supply chain finance on enterprise risk bearing ability

Abstract

 In the context of the continuous development of the digital economy, studying the role of supply chain finance in mitigating supply chain risks and enhancing enterprise risk-bearing capacity is of great significance for promoting sustainable development. This study uses data from 2007 to 2019 as samples to empirically analyze the impact of supply chain finance on enterprise risk-bearing capacity. The research results show that supply chain finance plays a positive role in improving enterprise risk-bearing capacity. Mechanism tests reveal that supply chain finance functions through alleviating financing constraints and enhancing innovation capabilities in influencing enterprise risk-bearing. Further exploratory research finds that the influence of supply chain finance on enterprise risk-bearing is more pronounced in state-owned enterprises, while executive incentives do not show significant differences. These findings highlight the important role of supply chain finance in mitigating supply chain risks and enhancing enterprise risk-bearing capacity, providing valuable insights for sustainable development.