Impact of Fintech on supply chain resilience

IF 9.8 1区 经济学 Q1 BUSINESS, FINANCE International Review of Financial Analysis Pub Date : 2025-07-01 Epub Date: 2025-04-07 DOI:10.1016/j.irfa.2025.104241
Fang Liu , Linling Xie , Wei Liu
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Abstract

This study examines the impact of financial technology (fintech) on corporate supply chain resilience. The findings indicate that fintech development significantly strengthens supply chain resilience, particularly in enhancing resistance to disruptions and recovery capabilities. A mechanism analysis reveals that this effect is driven by the expansion of supply chain finance and the reduction of supply chain concentration. Additionally, a heterogeneity analysis shows that fintech plays a more pronounced role in improving supply chain resilience for non-state-owned enterprises, firms facing high financing constraints, and businesses operating in regions with a higher level of market development. This paper offers both theoretical insights and practical guidance for corporations aiming to bolster supply chain resilience in the fintech era.
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金融科技对供应链弹性的影响
本研究探讨了金融科技(fintech)对企业供应链复原力的影响。研究结果表明,金融科技的发展极大地增强了供应链的恢复能力,尤其是在提高抗干扰能力和恢复能力方面。机制分析表明,这种效应是由供应链金融的扩张和供应链集中度的降低所驱动的。此外,异质性分析表明,对于非国有企业、面临较高融资约束的企业以及在市场发展水平较高地区运营的企业而言,金融科技在提高供应链韧性方面的作用更为明显。本文为旨在加强金融科技时代供应链弹性的企业提供了理论见解和实践指导。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
10.30
自引率
9.80%
发文量
366
期刊介绍: The International Review of Financial Analysis (IRFA) is an impartial refereed journal designed to serve as a platform for high-quality financial research. It welcomes a diverse range of financial research topics and maintains an unbiased selection process. While not limited to U.S.-centric subjects, IRFA, as its title suggests, is open to valuable research contributions from around the world.
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