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Digital supply chain finance, manufacturing resilience, and corporate digital maturity

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  • Qin, Dongfang
  • Xue, Weixian

Abstract

Based on empirical evidence from Chinese listed companies, this paper examines the driving effect of digital supply chain finance (DSCF) on corporate digital maturity and its boundary conditions. The findings indicate that DSCF significantly enhances corporate digital maturity. Mechanism analysis reveals that manufacturing resilience plays a key positive moderating role in this process, highlighting the importance of a resilient foundation for the efficient transformation of financial resources. The level of digital collaboration serves as an important transmission channel through which DSCF influences corporate digital maturity. Further heterogeneity analysis shows that the promoting effect of DSCF is particularly pronounced in firms with tight internal cash flow and lower total factor productivity.

Suggested Citation

  • Qin, Dongfang & Xue, Weixian, 2026. "Digital supply chain finance, manufacturing resilience, and corporate digital maturity," Finance Research Letters, Elsevier, vol. 87(C).
    • Handle: RePEc:eee:finlet:v:87:y:2026:i:c:s154461232502313x
    DOI: 10.1016/j.frl.2025.109064
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    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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