Supply Chain Finance and the Sustainable Growth of Chinese Firms: The Moderating Effect of Digital Finance
نویسندگان
چکیده
Sustainable development is crucial to the survival and healthy of enterprises, which closely related their financing situation. Supply chain finance an effective way improve enhance situation by easing constraints reducing costs. As important source supply short-term financing, trade credit plays role in enterprise production circulation. Taking Chinese listed companies from 2011 2020 as samples, this paper studied impact on sustainable growth its internal mechanism. Furthermore, we analyzed moderating effect digital influence growth. It found that receiving benefited firms’ study has a greater positive enterprises regions with higher levels financial development, high-tech industries, state-owned small enterprises. Whereas, provision had obvious inhibiting low level non-high-tech private The results influencing mechanism showed promoted firm’s “agency cost effect,” while providing inhibited “forcing effect.” In addition, weakens enterprises’ but strengthens negative From perspective growth, explained alleviating dilemma urgently needed most emerging economies pursuing high-quality development. Therefore, order give full play government should actively create good environment. At same time, vigorously develop ability serve real economy.
منابع مشابه
the effect of explicit teaching of metacognitive vocabulary learning strategies on recall and retention of idioms
چکیده ندارد.
15 صفحه اولThe Value of Supply Chain Finance
In traditional study of supply chain management, people mainly consider the decisions from perspective of the operations management, such as, capacity, inventory, ordering level, pricing, etc., and often ignore to consider the impact of financial flow within the supply chain. However, the key function of supply chain management is concerned with the coordination of material flows, information f...
متن کاملthe evaluation of language related engagment and task related engagment with the purpose of investigating the effect of metatalk and task typology
abstract while task-based instruction is considered as the most effective way to learn a language in the related literature, it is oversimplified on various grounds. different variables may affect how students are engaged with not only the language but also with the task itself. the present study was conducted to investigate language and task related engagement on the basis of the task typolog...
15 صفحه اولthe effect of taftan pozzolan on the compressive strength of concrete in the environmental conditions of oman sea (chabahar port)
cement is an essential ingredient in the concrete buildings. for production of cement considerable amount of fossil fuel and electrical energy is consumed. on the other hand for generating one tone of portland cement, nearly one ton of carbon dioxide is released. it shows that 7 percent of the total released carbon dioxide in the world relates to the cement industry. considering ecological issu...
Internal Finance and Growth: Microeconometric Evidence on Chinese Firms
Does the availability of internal finance constrain firm growth? Or does it foster it? To answer these questions, we use a panel of 407,096 Chinese firms over the period 2000-2005. We estimate dynamic assets growth equations augmented with cash flow, and find that the growth of state owned enterprises is not affected by cash flow, while that of privately owned firms is most affected. Considerin...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Frontiers in Environmental Science
سال: 2022
ISSN: ['2296-665X']
DOI: https://doi.org/10.3389/fenvs.2022.922182