中国石油大学学报（社会科学版）2024，Vol.40Issue(4)：87-95,9.DOI:10.13216/j.cnki.upcjess.2024.04.0010
数字金融发展对企业间商业信用融资的影响研究
Research on the Impact of Digital Finance Development on Commercial Credit Financing Between Enterprises
摘要
Abstract
Digital finance has effectively cracked the financial exclusion dilemma and eased the financing constraints of enterprises,but its impact on inter-enterprise commercial credit financing remains to be tested.This paper takes Chinese A-share non-financial listed companies from 2011 to 2019 as the research object to empirically test the impact of the development of digital finance on inter-enter-prise commercial credit financing.The results show that the development of digital finance inhibits commercial credit financing behavior among enterprises.The regulatory mechanism test shows that the lower the degree of industry competition,the higher the degree of sup-plier concentration,and the higher the degree of customer concentration,the stronger the inhibition effect of digital finance on inter-en-terprise commercial credit financing.Further analysis shows that bank credit based on supply chain plays a part of intermediary role in the process of digital financial development's impact on inter-enterprise commercial credit financing digital financial technology promotes the development of supply chain financial services in banks.Besides,it restrains the demand for financing through commercial credit a-mong enterprises.This effect can alleviate the problem of excessive occupation of funds from other enterprises.In the future,we should give full play to the advantages of digital finance,tap the potential of supply chain finance,standardize financial regulation,and guide enterprises to make reasonable use of various financing methods.关键词
数字金融发展/商业信用融资/供应链金融/供应商集中度/客户集中度Key words
development of digital finance/commercial credit financing/supply chain finance/concentration ratio of supplier/concen-tration ratio of customer分类
管理科学引用本文复制引用
孙燕芳,宋畅,王依凝..数字金融发展对企业间商业信用融资的影响研究[J].中国石油大学学报（社会科学版）,2024,40(4):87-95,9.基金项目
山东省自然科学基金项目(ZR2021MG029) （ZR2021MG029）
山东省社会科学规划研究项目(23CGLJ52) （23CGLJ52）
中央高校基本科研业务费专项资金资助项目(19CX05026B) （19CX05026B）
