Author(s)

Li Haoran

Corresponding Author

Li Haoran

Abstract

Previous studies have explored the impact of supply chain finance on financing constraints, but there is less literature discussing the impact of digital supply chain finance on financing constraints. In this paper, we select the data of 6,295 China’s firms in emerging industries from 2011 to 2021 as a sample, and study the impact of digital supply chain finance on firms' independent innovation and the mediating role of financing constraints. The empirical results show that digital finance can empower traditional supply chain finance. Digital supply chain finance has a substitution effect on traditional supply chain.

Keywords

Digital supply chain finance, financing constraints, firm independent innovation