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Supply Chain Finance and Enterprise Labor Employment

Author(s)

Liuyu Chen

Affiliation(s)

New Campus of Northeast Electric Power University, Jilin, China

Abstract

As an important support for enterprise capital operation and business expansion, the relationship between supply chain finance and enterprise labor employment has attracted much attention from academia and industry. Based on this, this paper, based on the relevant data of Shanghai and Shenzhen A-share listed companies from 2005 to 2023, deeply explores the impact of supply chain finance on enterprise labor employment and its mechanism of action. The results show that supply chain finance can significantly expand the scale of enterprise labor employment. This conclusion still holds after robustness tests such as changing explanatory variables, adding control variables, and excluding some samples. The mechanism test found that easing financing constraints and expanding production scale are the paths for supply chain finance to increase enterprise labor employment. Further heterogeneity analysis shows that the employment effect of supply chain finance is greater in private enterprises, enterprises with a high degree of digital transformation, and enterprises with a low degree of industry competition. The above conclusions not only enrich the theoretical connotation of the logical relationship between supply chain finance and enterprise labor employment, but also provide key empirical basis and decision-making reference for promoting the development of related fields and formulating targeted policies.

Keywords

Supply Chain Finance; Financing Constraints; Labor Employment

References

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