Supply chain finance and enterprise resilience: From the perspectives of resource integration and organizational governance

From the perspectives of resource integration and organizational governance, this paper studies the impact effect of supply chain finance (SCF) on enterprise resilience (ER). Research findings indicate that SCF can enhance ER, and the positive effect becomes more pronounced as enterprises' market monopoly power strengthens. Among them, the main mechanisms include reducing supply chain operation costs, improving supply chain operation efficiency, and mitigating supply chain operation risks. Moreover, the promoting effect of SCF on ER is more significant in enterprises with a high degree of supply chain dependence and those in the initial life cycle. This study highlights SCF's role in supply chain management and provides insights for enterprises to rationally utilize SCF tools to enhance their resilience.