IDEAS home Printed from https://ideas.repec.org/a/eee/reveco/v96y2024ipas1059056024005379.html
   My bibliography  Save this article

Digital finance, financing constraints and supply chain resilience

Author

Listed:
  • Li, Yuanyuan
  • Zhang, Yindan
  • Geng, Liping

Abstract

This paper selects the data of A-share listed companies in Shanghai and Shenzhen from 2011 to 2022 as samples, explores the relationship between digital finance, financing constraints, and supply chain toughness, and finds that digital finance strengthens the supply chain toughness of enterprises; financing constraints will weaken the supply chain toughness of enterprises; enterprise technological innovation plays an intermediary role in the relationship between digital finance and supply chain toughness of enterprises; there is a significant difference in the impact of digital finance on supply chain toughness of state-owned and non-state-owned enterprises; and there is a significant difference in the impact of financing constraints on supply chain toughness of state-owned enterprises and non-state-owned enterprises.

Suggested Citation

  • Li, Yuanyuan & Zhang, Yindan & Geng, Liping, 2024. "Digital finance, financing constraints and supply chain resilience," International Review of Economics & Finance, Elsevier, vol. 96(PA).
    • Handle: RePEc:eee:reveco:v:96:y:2024:i:pa:s1059056024005379
    DOI: 10.1016/j.iref.2024.103545
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1059056024005379
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.iref.2024.103545?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Matteo Trabucco & Pietro De Giovanni, 2021. "Achieving Resilience and Business Sustainability during COVID-19: The Role of Lean Supply Chain Practices and Digitalization," Sustainability, MDPI, vol. 13(22), pages 1-19, November.
    2. Salomée Ruel & Jamal El Baz, 2023. "Disaster readiness’ influence on the impact of supply chain resilience and robustness on firms’ financial performance: a COVID-19 empirical investigation," International Journal of Production Research, Taylor & Francis Journals, vol. 61(8), pages 2594-2612, April.
    3. Lingxiu Dong & Yunzhe Qiu & Fasheng Xu, 2023. "Blockchain-Enabled Deep-Tier Supply Chain Finance," Manufacturing & Service Operations Management, INFORMS, vol. 25(6), pages 2021-2037, November.
    4. Emara, Noha & El Said, Ayah, 2021. "Financial inclusion and economic growth: The role of governance in selected MENA countries," International Review of Economics & Finance, Elsevier, vol. 75(C), pages 34-54.
    5. Marjaneh Jahangiri Lahkani & Shouyang Wang & Mariusz Urbański & Mariya Egorova, 2020. "Sustainable B2B E-Commerce and Blockchain-Based Supply Chain Finance," Sustainability, MDPI, vol. 12(10), pages 1-14, May.
    6. Kass-Hanna, Josephine & Lyons, Angela C. & Liu, Fan, 2022. "Building financial resilience through financial and digital literacy in South Asia and Sub-Saharan Africa," Emerging Markets Review, Elsevier, vol. 51(PA).
    7. Hussain, Matloub & Papastathopoulos, Avraam, 2022. "Organizational readiness for digital financial innovation and financial resilience," International Journal of Production Economics, Elsevier, vol. 243(C).
    8. Dong, Jichang & Yin, Lijun & Liu, Xiaoting & Hu, Meiting & Li, Xiuting & Liu, Lei, 2020. "Impact of internet finance on the performance of commercial banks in China," International Review of Financial Analysis, Elsevier, vol. 72(C).
    9. Soni, Gunjan & Kumar, Satish & Mahto, Raj V. & Mangla, Sachin K. & Mittal, M.L. & Lim, Weng Marc, 2022. "A decision-making framework for Industry 4.0 technology implementation: The case of FinTech and sustainable supply chain finance for SMEs," Technological Forecasting and Social Change, Elsevier, vol. 180(C).
    10. Jiang, Kangqi & Du, Xinyi & Chen, Zhongfei, 2022. "Firms' digitalization and stock price crash risk," International Review of Financial Analysis, Elsevier, vol. 82(C).
    11. Belhadi, Amine & Kamble, Sachin S. & Venkatesh, Mani & Chiappetta Jabbour, Charbel Jose & Benkhati, Imane, 2022. "Building supply chain resilience and efficiency through additive manufacturing: An ambidextrous perspective on the dynamic capability view," International Journal of Production Economics, Elsevier, vol. 249(C).
    12. Xia, Yanchun & Qiao, Zhilin & Xie, Guanghua, 2022. "Corporate resilience to the COVID-19 pandemic: The role of digital finance," Pacific-Basin Finance Journal, Elsevier, vol. 74(C).
    13. Amine Belhadi & Sachin S. Kamble & Venkatesh Mani & Charbel Jose Chiappetta Jabbour & Imane Benkhati, 2022. "Building supply chain resilience and efficiency through additive manufacturing : An ambidextrous perspective on the dynamic capability view," Post-Print hal-04325568, HAL.
    14. Rosario Michel-Villarreal & Eliseo Luis Vilalta-Perdomo & Maurizio Canavari & Martin Hingley, 2021. "Resilience and Digitalization in Short Food Supply Chains: A Case Study Approach," Sustainability, MDPI, vol. 13(11), pages 1-23, May.
    15. Li, Guo & Xue, Jing & Li, Na & Ivanov, Dmitry, 2022. "Blockchain-supported business model design, supply chain resilience, and firm performance," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 163(C).
    16. Dubey, Rameshwar & Bryde, David J. & Dwivedi, Yogesh K. & Graham, Gary & Foropon, Cyril & Papadopoulos, Thanos, 2023. "Dynamic digital capabilities and supply chain resilience: The role of government effectiveness," International Journal of Production Economics, Elsevier, vol. 258(C).
    17. Belhadi, Amine & Kamble, Sachin & Jabbour, Charbel Jose Chiappetta & Gunasekaran, Angappa & Ndubisi, Nelson Oly & Venkatesh, Mani, 2021. "Manufacturing and service supply chain resilience to the COVID-19 outbreak: Lessons learned from the automobile and airline industries," Technological Forecasting and Social Change, Elsevier, vol. 163(C).
    18. Naghshineh, Bardia & Carvalho, Helena, 2022. "The implications of additive manufacturing technology adoption for supply chain resilience: A systematic search and review," International Journal of Production Economics, Elsevier, vol. 247(C).
    19. Kim Sundtoft Hald & Paula Coslugeanu, 2022. "The preliminary supply chain lessons of the COVID-19 disruption—What is the role of digital technologies?," Operations Management Research, Springer, vol. 15(1), pages 282-297, June.
    20. Chen, Shengqi & Zhang, Hong, 2021. "Does digital finance promote manufacturing servitization: Micro evidence from China," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 856-869.
    21. Debashree Das & Avik Datta & Patanjal Kumar & Yigit Kazancoglu & Mangey Ram, 2022. "Building supply chain resilience in the era of COVID-19: An AHP-DEMATEL approach," Operations Management Research, Springer, vol. 15(1), pages 249-267, June.
    22. Ambika Zutshi & John Mendy & Gagan Deep Sharma & Asha Thomas & Tapan Sarker, 2021. "From Challenges to Creativity: Enhancing SMEs’ Resilience in the Context of COVID-19," Sustainability, MDPI, vol. 13(12), pages 1-16, June.
    23. Zhao, Nanyang & Hong, Jiangtao & Lau, Kwok Hung, 2023. "Impact of supply chain digitalization on supply chain resilience and performance: A multi-mediation model," International Journal of Production Economics, Elsevier, vol. 259(C).
    24. Liu, Yang & Luan, Lin & Wu, Weilong & Zhang, Zhiqiang & Hsu, Yen, 2021. "Can digital financial inclusion promote China's economic growth?," International Review of Financial Analysis, Elsevier, vol. 78(C).
    25. Gupta, Himanshu & Yadav, Avinash Kumar & Kusi-Sarpong, Simonov & Khan, Sharfuddin Ahmed & Sharma, Shashi Chandra, 2022. "Strategies to overcome barriers to innovative digitalisation technologies for supply chain logistics resilience during pandemic," Technology in Society, Elsevier, vol. 69(C).
    26. Murinde, Victor & Rizopoulos, Efthymios & Zachariadis, Markos, 2022. "The impact of the FinTech revolution on the future of banking: Opportunities and risks," International Review of Financial Analysis, Elsevier, vol. 81(C).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gong, Qinyi & Zhang, Rui, 2025. "Digital finance as a catalyst for energy transition and sustainable rural economic growth," Finance Research Letters, Elsevier, vol. 71(C).
    2. Shang, Zhaoyan & Chen, Hanwen, 2025. "Supply chain transparency and corporate financial fraud," Finance Research Letters, Elsevier, vol. 77(C).
    3. 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).
    4. Li, Yuanyuan, 2025. "Digital financial inclusion and intangible cultural heritage," Finance Research Letters, Elsevier, vol. 77(C).
    5. Pan, Xiaozhen & Zhang, Nianming, 2025. "The impact of environmental tax on R&D investment of heavily polluting companies: Incentive or inhibition?," International Review of Economics & Finance, Elsevier, vol. 97(C).
    6. Zhu, Wenpeng, 2024. "Digital finance, capital misallocation and corporate innovation," International Review of Economics & Finance, Elsevier, vol. 96(PC).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ding, Qian & Huang, Jianbai & Chen, Jinyu, 2023. "Does digital finance matter for corporate green investment? Evidence from heavily polluting industries in China," Energy Economics, Elsevier, vol. 117(C).
    2. Shubhendu Singh & Subhas Chandra Misra & Gaurvendra Singh, 2024. "Leveraging Additive Manufacturing for Enhanced Supply Chain Resilience and Sustainability: A Strategic Integration Framework," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 25(2), pages 343-368, June.
    3. Xu, Jingru & Yang, Baochen & Yuan, Chunlai, 2025. "The impact of supply chain digitalization on urban resilience: Do industrial chain resilience, green total factor productivity and innovation matter?," Energy Economics, Elsevier, vol. 145(C).
    4. Zhao, Guobin & Yuan, Yanzhe & Zhang, Yaning, 2025. "Exploring the mechanism and path of financial Literacy's impact on consumption of middle-aged and elderly rural residents: Micro-evidence from CHFS data," International Review of Economics & Finance, Elsevier, vol. 97(C).
    5. Yang, Zongshang & Li, Juan & Zhu, Lijun & Chen, Haisong, 2025. "Can strengthening legal systems enhance regional green total factor productivity?," Finance Research Letters, Elsevier, vol. 77(C).
    6. Zhang, Shujun & Zhou, Qian, 2025. "The impact of digital finance on farmers' consumption decisions: An analysis based on the moderating effect of risk preference," International Review of Financial Analysis, Elsevier, vol. 99(C).
    7. Jing, Peng & Li, Shuohan & Wang, Minglu, 2025. "Digital empowerment, industry chain integration and corporate energy efficiency," Energy Economics, Elsevier, vol. 145(C).
    8. Jing Zou, 2024. "The Relationship Between Corporate Financialization and Digital Finance in the Era of Digital Transformation," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 13425-13448, September.
    9. Lee, Chien-Chiang & Tang, Manting & Lee, Chi-Chuan, 2023. "Reaping digital dividends: Digital inclusive finance and high-quality development of enterprises in China," Telecommunications Policy, Elsevier, vol. 47(2).
    10. Liu, Yuanyuan & Liu, Qianqian & Wei, Yanqiu, 2025. "Digital finance, internal control, and audit quality," Finance Research Letters, Elsevier, vol. 76(C).
    11. Alexander Mahr & Thomas Schütt & Tobias Rosnitschek & Stephan Tremmel & Frank Döpper, 2024. "Evaluation of Powder- and Extrusion-Based Metal Additive Manufacturing Processes for the Sustainable Fabrication of Spare Parts in Electromobility," Sustainability, MDPI, vol. 16(8), pages 1-16, April.
    12. He, Bingquan & Gan, Lu, 2025. "Exploring the synergistic effect of CEO power and technological expertise in driving corporate digital transformation," International Review of Financial Analysis, Elsevier, vol. 98(C).
    13. Zhou, Lanxuanjie & Tang, Chenxi & Cao, Yougen, 2025. "Innovative human capital, government support for science and technology policy, and supply chain resilience," Finance Research Letters, Elsevier, vol. 74(C).
    14. Hasan, Morshadul & Hoque, Ariful & Abedin, Mohammad Zoynul & Gasbarro, Dominic, 2024. "FinTech and sustainable development: A systematic thematic analysis using human- and machine-generated processing," International Review of Financial Analysis, Elsevier, vol. 95(PC).
    15. Xue, Jing & Li, Guo & Ivanov, Dmitry, 2025. "Digital transformation in the blockchain era: Balancing efficiency and resilience in operations management," International Journal of Production Economics, Elsevier, vol. 282(C).
    16. Guo, Xixi & Luo, Kewen & Fang, Jun, 2025. "Household asset structure, pension security, and consumer spending," Finance Research Letters, Elsevier, vol. 77(C).
    17. Guo, Jie & Zhang, Xinlong & Ling, Wenhao, 2024. "Multilevel social insurance needs and household financial asset allocation," International Review of Economics & Finance, Elsevier, vol. 96(PA).
    18. Zhou, Tao & Chen, Gaohui & Su, Yuxin & Yang, Tingting & Ding, Jie, 2025. "Green bond underwriting, financial openness, and profitability of commercial banks," International Review of Financial Analysis, Elsevier, vol. 99(C).
    19. Li, Guo & Xue, Jing & Li, Na & Qi, Qingwu, 2024. "Does digital finance favor firms in supply chains? Roles of green innovation and bargaining power," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 183(C).
    20. Zhao, Nanyang & Hong, Jiangtao & Lau, Kwok Hung, 2023. "Impact of supply chain digitalization on supply chain resilience and performance: A multi-mediation model," International Journal of Production Economics, Elsevier, vol. 259(C).

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:reveco:v:96:y:2024:i:pa:s1059056024005379. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/620165 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.