The impact of blockchain financial technology transformation on supply chain disruption risks

IF 5.6 2区经济学 Q1 BUSINESS, FINANCE

International Review of Economics & Finance Pub Date : 2025-06-27 DOI:10.1016/j.iref.2025.104343

Pengfei Chen , Xue Lei , Ouwen Lin , Yanzhe Yuan

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Abstract

Against the backdrop of unprecedented challenges facing global supply chains, this paper explores the impact of blockchain financial technology transformation on supply chain disruption risks based on data from Chinese A-share listed companies from 2013 to 2023. The research finds that blockchain financial technology transformation significantly reduces enterprise supply chain disruption risks, with particularly pronounced effects in small and medium-sized enterprises and firms with high supply chain concentration. Further investigation reveals that blockchain technology primarily enhances supply chain resilience by reducing corporate cost stickiness, and management teams with financial professional backgrounds significantly amplify the positive effects of this technological transformation. This research not only provides solid empirical support for the application of blockchain technology in supply chain risk management but also offers important reference for enterprise digital transformation strategy formulation and policy makers' improvement of fintech regulatory frameworks.

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b区块链金融科技转型对供应链中断风险的影响

在全球供应链面临前所未有挑战的背景下，本文基于2013 - 2023年中国a股上市公司数据，探讨b区块链金融科技转型对供应链中断风险的影响。研究发现，区块链金融科技转型显著降低了企业供应链中断风险，对中小企业和供应链集中度高的企业效果尤为显著。进一步研究发现，区块链技术主要通过降低企业成本粘性来增强供应链弹性，具有金融专业背景的管理团队显著放大了这一技术改造的积极效应。本研究不仅为区块链技术在供应链风险管理中的应用提供了坚实的实证支持，也为企业数字化转型战略制定和政策制定者完善金融科技监管框架提供了重要参考。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Review of Economics & Finance Multiple-

CiteScore

7.30

自引率

2.20%

发文量

253

期刊介绍： The International Review of Economics & Finance (IREF) is a scholarly journal devoted to the publication of high quality theoretical and empirical articles in all areas of international economics, macroeconomics and financial economics. Contributions that facilitate the communications between the real and the financial sectors of the economy are of particular interest.