Supply chain digitization and corporate maturity mismatch: Evidence from a quasi-natural experiment

被引：2
作者：
Du, Yifei [1 ]
Li, Wen [1 ]
Tang, Xuesong [1 ]
机构：
[1] Southwestern Univ Finance & Econ, Sch Accounting, 555 Liutai Ave, Chengdu, Sichuan, Peoples R China
来源：
PACIFIC-BASIN FINANCE JOURNAL | 2024年 / 87卷
基金：
中国国家自然科学基金;
关键词：
Supply chain digitization; Corporate maturity mismatch; Financing dilemma; Information asymmetry; DEBT MATURITY; ASYMMETRIC INFORMATION; BLOCKCHAIN TECHNOLOGY; CASH FLOW; MANAGEMENT; INVESTMENT; FINANCE; FIRMS; RISK; INCENTIVES;
D O I：
10.1016/j.pacfin.2024.102514
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper examines the impact of supply chain digitization on corporate maturity mismatch by exploiting a quasi-natural experiment in China. We find that the digital transformation of supply chain effectively reduces corporate maturity mismatch, with mitigating information asymmetry and optimizing business decisions being the primary mechanisms. The effect is more significant when firms are facing more severe financing constraints and are in the downstream of the supply chain. Overall, this study contributes to the existing literature on corporate debt structure and the digital supply chain practices.
引用
收藏
页数：21
相关论文
共 90 条
123456789