Jinlong Qiu, Mengmei Cui, Guangpeng Li, Zhenye Yao
{"title":"Does Supply Chain Finance Create More Jobs? Evidence From China","authors":"Jinlong Qiu, Mengmei Cui, Guangpeng Li, Zhenye Yao","doi":"10.1111/ecpo.12355","DOIUrl":null,"url":null,"abstract":"<div>\n \n <p>Based on the empirical data of China's A-share listed firms from 2011 to 2021, we find that supply chain finance (SCF) significantly increases corporate employment by fostering innovation within organizations, increasing investments in long-term assets, and stimulating sales growth. The positive effect is stronger in firms in digitally advanced regions, facing high supply chain risk, and led by management teams with financial backgrounds or low levels of myopia. Furthermore, SCF mainly enhances employment of highly skilled individuals. Reasonable employment expansion resulting from SCF is conducive to the sustainable development of firms without creating labor redundancy.</p>\n </div>","PeriodicalId":47220,"journal":{"name":"Economics & Politics","volume":"37 3","pages":"1011-1032"},"PeriodicalIF":1.4000,"publicationDate":"2025-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economics & Politics","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/ecpo.12355","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
Based on the empirical data of China's A-share listed firms from 2011 to 2021, we find that supply chain finance (SCF) significantly increases corporate employment by fostering innovation within organizations, increasing investments in long-term assets, and stimulating sales growth. The positive effect is stronger in firms in digitally advanced regions, facing high supply chain risk, and led by management teams with financial backgrounds or low levels of myopia. Furthermore, SCF mainly enhances employment of highly skilled individuals. Reasonable employment expansion resulting from SCF is conducive to the sustainable development of firms without creating labor redundancy.
期刊介绍:
Economics & Politics focuses on analytical political economy, broadly defined as the study of economic and political phenomena and policy in models that include political processes, institutions and markets. The journal is the source for innovative theoretical and empirical work on the intersection of politics and economics, at both domestic and international levels, and aims to promote new approaches on how these forces interact to affect political outcomes and policy choices, economic performance and societal welfare. Economics & Politics is a vital source of information for economists, academics and students, providing: - Analytical political economics - International scholarship - Accessible & thought-provoking articles - Creative inter-disciplinary analysis