供应链金融能增强企业偿付能力吗？——公司诉讼影响机制

IF 5.6 2区经济学 Q1 BUSINESS, FINANCE

International Review of Economics & Finance Pub Date : 2025-07-25 DOI:10.1016/j.iref.2025.104477

Hongjun Han , Shu Song , Grace (Li) Tian

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引用次数: 0

摘要

本研究分析了2009-2022年中国上市公司供应链金融与公司偿付能力之间的关系，并考察了诉讼在两者关系中的重要调节作用。实证检验表明，SCF提高了企业的偿债能力。公司诉讼的作用是资金流与公司偿付能力关系的重要调节因子。然而，国有企业与民营企业之间的诉讼效果存在差异。然而，在国有企业和民营企业之间，融资对公司偿债能力的影响没有显著差异。此外，SCF对公司偿付能力的影响提供了盈利和亏损公司之间异质性的证据。

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Can supply chain finance enhance corporate solvency? — The impact mechanism of corporate litigation

This research analyzes supply chain finance (SCF) and company solvency among Chinese listed firms over the years 2009–2022, it also examines litigation as an important moderator of the relationship. The empirical tests shows that SCF increases firms' ability to service debt. The role of corporate litigation is an important moderator of the relationship between SCF and company solvency. However, litigation effects differ between state-owned enterprises (SOEs) and private enterprises (PEs). However, there are not significant differences between SOEs and PEs for the effects of SCF on company solvency. In addition, the effects of SCF on corporate solvency provide evidence of heterogeneity between profitable and loss making firms.

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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.