Supply Chain Finance,Digital Empowerment And Enterprise Competitiveness

Only competitive enterprises can achieve long-term stability.Improving the competitiveness of enterprises is an important basis for constructing China’s new development pattern and promoting high-quality development,which affects the development of enterprises,the prosperity of industries and the rise and fall of the country.Supply chain finance is the best choice to help enterprises solve their development difficulties,enhance their competitiveness and promote high-quality economic development.So,can supply chain finance really accelerate the promotion of enterprise competitiveness? This is an important question worth studying.Whether enterprises or financial institutions carry out the construction of digital technology,it can guarantee the efficiency of information transmission among enterprises in the supply chain,further improve the efficiency of enterprise financing,alleviate the information asymmetry between enterprises and the outside world,and accelerate the development of enterprises.Then,can digital technology play a deepening role between supply chain finance and enterprise competitiveness? This is also worth exploring.Supply chain finance is an important way to enhance the competitiveness of enterprises.Digital technology can help supply chain finance to improve the competitiveness of enterprises to achieve a qualitative leap.This paper selects A-share listed companies in Shanghai and Shenzhen from 2009 to 2021 as samples to test the effect and mechanism of supply chain finance on enterprise competitiveness.Research findings:(1)Supply chain finance can improve the competitiveness of enterprises.(2)The effect test of digital empowerment found that both enterprise digitization and fintech can enhance the role of supply chain finance in enhancing enterprise competitiveness.(3)Mechanism test results show that supply chain finance can improve the competitiveness of enterprises by alleviating information asymmetry,improving commercial credit financing and accelerating enterprise innovation.(4)The mechanism test of digital empowerment found that under digital technology,supply chain finance can also enhance the competitiveness of enterprises by reducing information asymmetry,increasing commercial credit financing and accelerating enterprise innovation output.The research contributions and innovations of this paper mainly include:(1)Focusing on the perspective of supply chain finance,this paper studies the impact of supply chain finance on the competitiveness of enterprises,which can not only expand the research on the factors affecting the competitiveness of enterprises from the perspective of middle view,but also provide a theoretical basis for the research on the economic effects of supply chain finance.Through a comprehensive study of the influence of supply chain finance on the competitiveness of enterprises,this paper can enrich the research on the mesoscopic influencing factors of the competitiveness of enterprises and expand the research perspective in the field of financial sociology.(2)This paper explores the impact of enterprise digitization and fintech on supply chain finance and enterprise competitiveness under the background of digital technology,so as to provide a theoretical basis for accelerating the process of enterprise digital construction and helping enterprises in the supply chain to make full use of supply chain financial services to improve enterprise competitiveness under the background of fintech.(3)This paper explores the mechanism of supply chain finance on enterprise competitiveness,which can provide an important theoretical basis for enterprises in the supply chain to use supply chain finance to seek development opportunities and cultivate competitive advantages.In addition,under the background of internal digitization construction and external fintech support,continue to explore whether the enhancement mechanism of supply chain finance on enterprise competitiveness under the role of digital empowerment is still valid.The conclusion of this study is conducive to creating competitive advantages for enterprises in supply chain by using supply chain finance,and is of great significance for enterprises and financial institutions to deepen the application of digital technology and guide enterprises to realize their own value gain.