Research On Supply Chain Financing Efficiency Of Enterprises In Beijing-Tianjin-Hebei

In recent years,China has proposed to build a new development pattern with domestic circulation as the main body and domestic and international dual circulation promoting each other,and encourage and support the development of supply chain finance.Supply chain finance can provide precise services for the industrial chain and supply chain,to improve the overall operational efficiency of the economic market and optimize the layout,and the role of China’s supply-side reform cannot be ignored.The development of supply chain finance is an important means to promote the integration of industry and finance in the Beijing-Tianjin-Hebei region,which is conducive to the full play of capital flows in the three places and improves the quality and efficiency of the real economy of financial services in the Beijing-Tianjin-Hebei region.Therefore,this paper takes the Beijing-Tianjin-Hebei region as the research object,focuses on the research on the supply chain financing efficiency in the new environment,and proposes countermeasures to improve the supply chain financing efficiency on this basis to alleviate the financing dilemma of enterprises in the Beijing-Tianjin-Hebei region.Provide support for the sustainable and stable development of enterprises and help the coordinated development of Beijing-Tianjin-Hebei.Firstly,this paper sorts out the relevant theories and references of supply chain financing to provide a theoretical basis for the overall research.Secondly,based on the actual situation of enterprises in Beijing-Tianjin-Hebei,this paper analyzes the current situation of supply chain financing of enterprises in Beijing-Tianjin-Hebei to provide a realistic basis for the empirical part below.Thirdly,based on the data of enterprises in Beijing-Tianjin-Hebei from 2011 to 2021,this paper measures the financing efficiency of enterprises in Beijing-Tianjin-Hebei,uses stata software for data processing,and uses double fixed effects The model and Bootstrap test are empirically analyzed to verify the hypotheses and theoretical models of the previous research.It is found that the development of supply chain finance can improve the financing efficiency of enterprises in Beijing-Tianjin-Hebei,and it is found that the proportion of long-term borrowing plays a partial intermediary effect between the two.Finally,combined with the research conclusions,this paper puts forward suggestions at the three levels of enterprises,financial institutions and the government to improve the financing efficiency of enterprises in BeijingTianjin-Hebei region,hoping that supply chain finance can achieve better development and enterprises in Beijing-Tianjin-Hebei can reach a higher level.