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The impact of supply chain finance on supplier stability: The mediation role of corporate risk-taking

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  • Liu, Xinmeng
  • Zheng, Zhihong

Abstract

Supply chain finance is an effective mechanism to alleviate informational asymmetry between banks and SMEs and facilitate successful financing. C ompanies are becoming increasingly aware that maintaining close relationships with stable suppliers is crucial for the efficient development of supply chain finance. This study, based on a sample of Chinese listed companies from 2010 to 2022, examines the relationship between supply chain finance, supplier stability, and corporate risk-taking. The findings indicate that: 1. Supply chain finance positively influences supplier stability; 2. Corporate risk-taking mediates the relationship between supply chain finance and supplier stability; 3. Heterogeneity analysis reveals that the impact of supply chain finance on supplier stability is more pronounced in western regions and non-heavy pollution industries.

Suggested Citation

  • Liu, Xinmeng & Zheng, Zhihong, 2024. "The impact of supply chain finance on supplier stability: The mediation role of corporate risk-taking," Finance Research Letters, Elsevier, vol. 65(C).
    • Handle: RePEc:eee:finlet:v:65:y:2024:i:c:s1544612324006366
    DOI: 10.1016/j.frl.2024.105606
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