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Research on the impact of supply chain finance on new quality productivity in private enterprises

Author

Listed:
  • Li, Chengyou
  • Li, Yuxin
  • Dong, Fang
  • Tan, Qingbin

Abstract

Supply chain finance (SCF), characterized by its hybrid nature combining financial intermediation with supply chain integration, has become a significant driver of new quality productivity development. Utilizing panel data from 15887 private enterprises spanning the period 2007-2023, this study finds: (1) SCF exerts a statistically significant positive effect on new quality productivity within private enterprises. This conclusion persists after rigorous controls for potential endogeneity and robustness checks. (2) SCF enhances new quality productivity primarily by facilitating technological innovation and alleviating tax burdens. (3) The Broadband China initiative and Big Data Comprehensive Experimental Zones effectively amplify the positive impact of SCF on private enterprises’ new quality productivity. (4) SCF promotes new quality productivity more strongly in private enterprises with high debt and lowly competitive industries.

Suggested Citation

  • 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).
    • Handle: RePEc:eee:finlet:v:86:y:2025:i:pb:s1544612325017076
    DOI: 10.1016/j.frl.2025.108453
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    References listed on IDEAS

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    Cited by:

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    4. Mu, Tian tian & Shan, Qiaojuan & Zhu, Guangyu & Xu, Yang & Agag, Gomaa & Alipour, Osman, 2026. "Beyond technology: The dual role of AI and narratives in driving ESG performance in China's retail industry," Journal of Retailing and Consumer Services, Elsevier, vol. 90(C).
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    8. Liu, Yongtao & Li, Ruofan & Wu, Guanzheng, 2025. "How does national audit affect enterprises' operating efficiency?," Finance Research Letters, Elsevier, vol. 85(PC).
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    Keywords

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    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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