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Supply Chain Finance and Innovation Investment: Based on financing constraints

Author

Listed:
  • Feng, Jia
  • Tang, JiJun
  • Qi, Zhenyu
  • Liu, Jialin

Abstract

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.

Suggested Citation

  • Feng, Jia & Tang, JiJun & Qi, Zhenyu & Liu, Jialin, 2024. "Supply Chain Finance and Innovation Investment: Based on financing constraints," Finance Research Letters, Elsevier, vol. 63(C).
    • Handle: RePEc:eee:finlet:v:63:y:2024:i:c:s1544612324003799
    DOI: 10.1016/j.frl.2024.105349
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    References listed on IDEAS

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