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The Impact of Supply Chain Finance on the Application of Digital Technologies

Author(s)

Yangbo Su

Affiliation(s)

School of Finance and Statistics, Hunan University, Changsha, Hunan, China

Abstract

Amid the accelerating digital economy, SCF-as a financial service model embedded in industrial chains-has become a key driver of firms' digital technology adoption. Using data from Chinese listed companies, this study constructs SCF indicators and empirically examines its impact on digital adoption. Results show SCF significantly improves both the breadth and depth of digital technology application, with effects remaining robust under various endogeneity and sensitivity tests. Further analysis finds stronger effects in competitive and digitally oriented industries, primarily through enhanced innovation and reduced supply chain concentration.

Keywords

Supply Chain Finance; Digital Technology Application; Corporate Innovation; Supply Chain Diversification

References

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