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The Impact of Supply Chain Finance on the Level of Green Innovation of Enterprises

Author(s)

Jinmei Qi

Affiliation(s)

Hubei University, Friendship Avenue, Wuchang District, Wuhan, Hubei, China

Abstract

Following the onset of the global health crisis, many businesses faced disruptions in their financing channels, prompting increased focus on supply chain finance as a vital solution. Leveraging the distinct advantages of supply chain finance to foster green innovation has emerged as a key strategy for enhancing corporate performance. Drawing on data from Chinese listed companies between 2011 and 2023, this study empirically evaluates the influence of supply chain finance on corporate green innovation and its underlying mechanisms. Findings indicate that supply chain finance significantly boosts enterprises’ green innovation capabilities. This positive effect is particularly pronounced in non-state-owned firms, mature companies, and those located in China’s eastern and western regions. Mechanism analysis reveals that supply chain finance facilitates green innovation by alleviating financing constraints and improving asset allocation efficiency. This research contributes new insights into the role of supply chain finance in promoting sustainable corporate development and offers theoretical guidance for firms prioritizing green innovation.

Keywords

Supply Chain Finance; Green Innovation; Mechanism Analysis

References

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