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Does supply-chain-finance help to improve the efficiency of outward foreign direct investment?

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  • Zheng, Xiaxuan
  • Chen, Yueyan

Abstract

Outward foreign direct investment is an important way to obtain sustainable market value. However, existing studies pay less attention to the efficiency of OFDI, especially the lack of in-depth investigation on the influence mechanism of supply chain finance on OFDI efficiency. Therefore, based on the perspective of synergy theory, this paper using A-share listed companies from 2010 to 2022 as a sample, found supply chain finance improves the efficiency of OFDI; and the degree of synergy positively strengthens this promotion effect. The results of the study provide new perspectives and practical insights for enterprises to improve OFDI efficiency.

Suggested Citation

  • Zheng, Xiaxuan & Chen, Yueyan, 2024. "Does supply-chain-finance help to improve the efficiency of outward foreign direct investment?," Finance Research Letters, Elsevier, vol. 59(C).
    • Handle: RePEc:eee:finlet:v:59:y:2024:i:c:s1544612323010759
    DOI: 10.1016/j.frl.2023.104703
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    References listed on IDEAS

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    Cited by:

    1. Huang, Yin-Siang, 2025. "When geopolitical risks hit the supply chain: Impacts on credit default swap market," Finance Research Letters, Elsevier, vol. 82(C).
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    3. Qiao, Penghua & Qiu, Kaizhong & Fung, Anna & Yau, Jot & Fung, Hung-Gay, 2025. "Exploring the linkage between smart manufacturing technology and outward foreign direct investment in the new digital information age," Research in International Business and Finance, Elsevier, vol. 79(C).
    4. Zheng, Mengze & Wang, Rui & Ye, Jing & Li, Te, 2025. "How does supply chain finance enhance firms' supply chain resilience?," International Review of Economics & Finance, Elsevier, vol. 102(C).
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    6. Zhang, Hua & Wang, Pengcheng & Zhang, Huaqing & Du, Shilin & Zhao, Liang, 2024. "Corporate litigation risk and supply chain resilience," Finance Research Letters, Elsevier, vol. 66(C).
    7. Yin, Nan & Zhu, Yingming, 2024. "Investigating investor attention to carbon risk from a supply chain perspective," International Review of Financial Analysis, Elsevier, vol. 96(PA).
    8. Xu, Wenjie & Xie, Wenqiang, 2025. "Supply chain finance and tourism enterprise resilience in the context of economic policy uncertainty," Finance Research Letters, Elsevier, vol. 86(PA).
    9. Zhang, Yang & Zhao, Wei, 2025. "Examining agricultural firms' risk-bearing capability via supply chain financing: Insights from China," International Review of Economics & Finance, Elsevier, vol. 102(C).
    10. Wang, Guiying & Lamadrid, Richel L. & Huang, Yu, 2024. "Digital transformation and enterprise outward foreign direct investment," Finance Research Letters, Elsevier, vol. 65(C).
    11. Wang, Shaohua & Hu, Hong & Fan, Hong, 2025. "Does supply chain finance improve firms’ ESG performance?," Economics Letters, Elsevier, vol. 247(C).
    12. Wang, Kai & Ding, Ning & Wang, Chenbo, 2025. "Supply chain finance and outward foreign direct investment," Research in International Business and Finance, Elsevier, vol. 73(PA).
    13. Zhu, Lijun, 2025. "The influence of digital transformation on Chinese firms' outward foreign direct investment," Finance Research Letters, Elsevier, vol. 72(C).
    14. Jiayi Liu & Weidong Wang & Tengfei Jiang & Huirong Ben & Jie Dai, 2025. "Carbon Border Adjustment Mechanism as a Catalyst for Greenfield Investment: Evidence from Chinese Listed Firms Using a Difference-in-Differences Model," Sustainability, MDPI, vol. 17(8), pages 1-21, April.
    15. Li, Chengyou & Li, Yuxin & Dong, Fang & Tan, Qingbin, 2025. "Research on the impact of supply chain finance on new quality productivity in private enterprises," Finance Research Letters, Elsevier, vol. 86(PB).
    16. Huang, Guangfeng & Wu, Shuying & Chen, Lishuang, 2025. "The belt and road initiative, outward foreign direct investment, and technological innovation," Finance Research Letters, Elsevier, vol. 77(C).
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    18. Li, Zeming & Zhou, Xin & Qin, Yilin, 2025. "Smart rural policies and the improvement of supply chain efficiency: An analysis of the promoting role of digital financial development," International Review of Economics & Finance, Elsevier, vol. 102(C).

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