This paper selects the data of China's specialized,special and new“small giants”listed companies from 2011 to 2021,and starts from the key production factor and strategic asset of data assets,empirically examine...This paper selects the data of China's specialized,special and new“small giants”listed companies from 2011 to 2021,and starts from the key production factor and strategic asset of data assets,empirically examines the impact of data assetization on the supply chain resilience of SRDI SMEs,and examines the impact of data assetization on the supply chain resilience of SRDI SMEs using the role of the mechanism model.Through the mechanism model,the mediating effects of financing constraints and technological innovation are examined,and a path of action is drawn,which provides theoretical evidence and policy recommendations for promoting the digital transformation of SRDI SMEs and improving supply chain resilience.展开更多
Financial flexibility, due to its capability in optimizing resource allocation, enhancing operational efficiency, and responding to market changes, has become a crucial strategy for “specialized, refined, differentia...Financial flexibility, due to its capability in optimizing resource allocation, enhancing operational efficiency, and responding to market changes, has become a crucial strategy for “specialized, refined, differentiated, and innovative” (SRDI) enterprises to address financing difficulties and cash flow management pressures, thereby achieving sustainable development. This study, based on financial flexibility theory, conducts an empirical analysis using data from China’s listed SRDI enterprises from 2016 to 2023. The results show that there is an inverted U-shaped relationship between financial flexibility and corporate sustainable development performance. Heterogeneity analysis indicates that the impact of financial flexibility on sustainable development performance varies significantly under different ownership structures and dimensions. This study not only enriches the theory of financial flexibility but also reveals its complex impact mechanisms within SRDI enterprises, providing practical guidance and data support for enterprises to achieve sustainable development in a complex market environment.展开更多
基金National Undergraduate Training Program for Innovation and Entrepreneurship(D202410120257422558)。
文摘This paper selects the data of China's specialized,special and new“small giants”listed companies from 2011 to 2021,and starts from the key production factor and strategic asset of data assets,empirically examines the impact of data assetization on the supply chain resilience of SRDI SMEs,and examines the impact of data assetization on the supply chain resilience of SRDI SMEs using the role of the mechanism model.Through the mechanism model,the mediating effects of financing constraints and technological innovation are examined,and a path of action is drawn,which provides theoretical evidence and policy recommendations for promoting the digital transformation of SRDI SMEs and improving supply chain resilience.
文摘Financial flexibility, due to its capability in optimizing resource allocation, enhancing operational efficiency, and responding to market changes, has become a crucial strategy for “specialized, refined, differentiated, and innovative” (SRDI) enterprises to address financing difficulties and cash flow management pressures, thereby achieving sustainable development. This study, based on financial flexibility theory, conducts an empirical analysis using data from China’s listed SRDI enterprises from 2016 to 2023. The results show that there is an inverted U-shaped relationship between financial flexibility and corporate sustainable development performance. Heterogeneity analysis indicates that the impact of financial flexibility on sustainable development performance varies significantly under different ownership structures and dimensions. This study not only enriches the theory of financial flexibility but also reveals its complex impact mechanisms within SRDI enterprises, providing practical guidance and data support for enterprises to achieve sustainable development in a complex market environment.
