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Digital finance, value cocreation, and supply chain resilience: Evidence from listed manufacturing firms in China

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  • Chen, Guangren
  • Yu, Zuwei

Abstract

This study investigated the impact of digital finance on supply chain resilience using data from China's manufacturing industry during the years 2012–2022. Findings indicate that digital finance significantly improved supply chain resilience. The mechanism test revealed that value cocreation is a vital transmission mechanism through which digital finance affects supply chain resilience. Financial regulation exerts a positive moderating effect on the relationship between digital finance and supply chain resilience. Heterogeneity analysis indicates that the impact of digital finance on supply chain resilience was primarily observed in mature firms and regions with a favorable business environment.

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  • Chen, Guangren & Yu, Zuwei, 2024. "Digital finance, value cocreation, and supply chain resilience: Evidence from listed manufacturing firms in China," Finance Research Letters, Elsevier, vol. 70(C).
    • Handle: RePEc:eee:finlet:v:70:y:2024:i:c:s1544612324013515
    DOI: 10.1016/j.frl.2024.106322
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    2. Wang, Mansi & Yu, Xinxin & Hong, Xinyi & Yang, Xiaotao, 2025. "Can digital finance promote green innovation collaboration in enterprises?," Global Finance Journal, Elsevier, vol. 65(C).
    3. Song, Yuchen & Zhu, Mingqi & Wang, Ye, 2025. "Corporate financialization, digital transformation, and industrial supply chain resilience: Mechanisms based on R&D investment and financial regulation," International Review of Financial Analysis, Elsevier, vol. 102(C).

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