摘要
文章基于2011-2023年中国沪深A股上市企业数据,探讨供应链金融对企业债务融资期限决策的影响机制。研究发现:在企业债务融资期限决策中,供应链金融会促使企业选择短期债务融资。机制分析表明,供应链金融通过提高企业生产经营整合效率、优化商业信用资源配置,进而推动企业选择短期债务融资。研究为企业实施供应链金融时降低企业经营风险、提升企业价值,提供了一种实用的策略和方向。
Based on the data of Chinese listed companies in Shanghai and Shenzhen A-share markets from 2011 to 2023,this paper explores the influence mechanism of supply chain finance on the decision-making of corporate debt financing term.The study finds that in the decision-making of corporate debt financing term,supply chain finance will prompt enterprises to choose short-term debt financing.The mechanism analysis shows that in the decision-making of corporate debt financing term,supply chain finance promotes enterprises to choose short-term debt financing by improving the efficiency of enterprise production and operation integration and the allocation of commercial credit resources.This provides a practical strategy and direction for enterprises to reduce business risks and increase enterprise value when implementing supply chain finance.
作者
彭熠
何峰
PENG Yi;HE Feng(School of Economics and Management,Zhejiang Sci-Tech University,Hangzhou 310018,China)
出处
《物流科技》
2025年第24期103-108,125,共7页
Logistics Sci Tech
关键词
供应链金融
融资期限决策
生产经营整合效率
商业信用资源
supply chain finance
financing term decision-making
efficiency of production and operation integration
commercial credit resources
