Supply Chain Finance and Innovation Investment: Based on financing constraints

被引：18

作者：

Feng, Jia ^{[1
]}

Tang, JiJun ^{[2
]}

Qi, Zhenyu ^{[3
]}

Liu, Jialin ^{[4
]}

机构：

[1] Jilin Univ, Sch Econ, Changchun 130012, Jilin, Peoples R China

[2] LiaoNing Univ, Sch Econ, Shenyang 110036, Liaoning, Peoples R China

[3] XinJiang Univ, Sch Econ & Management, Urumqi 830046, Xinjiang, Peoples R China

[4] JiLin Univ Finance & Econ, Changchun 130117, Jilin, Peoples R China

来源：

FINANCE RESEARCH LETTERS | 2024年 / 63卷

关键词：

Supply chain finance; Innovation investment; Financing constraints;

D O I：

10.1016/j.frl.2024.105349

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We selected the data of listed small and medium-sized enterprises (SMEs) in China from 2012 to 2022 as the research sample to explore the impact of supply chain finance on SMEs ' R &D investment. It is found that supply chain finance can effectively help SMEs to improve their R &D and innovation investment; internal control ability and risk-taking level play a moderating role in the impact of supply chain finance on innovation investment; and financing constraints play a mediating role in the relationship between supply chain finance and SMEs ' R &D investment.

引用

页数：7

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