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AN EMPIRICAL STUDY BASED ON PANEL DATA OF CHINESE LISTED SMALL AND MEDIUM-SIZED ENTERPRISES

As the most important practical form of "mass entrepreneurship" and "mass innovation" in China, small and medium-sized enterprises are also the most dynamic part of China's economic form. China's national economic development and social progress cannot be separated from the strong growth of small and medium-sized enterprises. The larger the number of small and medium-sized enterprises, the stronger the competitiveness will be, representing the greater the prosperity of China's market economy, which is of great significance to reducing unemployment, increasing social welfare and narrowing the gap between the rich and the poor. With the rise of Internet finance and logistics industry, blockchain technology is also developing, and the supply chain finance business is also gradually advancing. As an innovative financing and financial measure, supply chain financing makes full use of the transactions between small and medium-sized enterprises and the core enterprise credit to make up for the financing difficulties and deficiencies of small and medium-sized enterprises, and solves the financing difficulties of small and medium-sized enterprises through accounts receivable financing, prepayment financing and chattel pledge financing business. Supply chain financing Through logistics enterprises, core enterprises, small and medium-sized enterprises industrial chain and supply chain, and based on the real business transactions of small and medium-sized enterprises and core enterprises, commercial banks reach a guarantee agreement with core enterprises, rating the main credit of the whole supply chain, and provide financing services for small and medium-sized enterprises. According to the preliminary study, supply chain financing has a certain mitigation effect on the financing of smes, which is due to the reduction of information asymmetry between banks and enterprises, and this reduction is due to the guarantee of core enterprises. Taking supply chain finance as the starting point, this paper discusses the effectiveness of supply chain finance strategy in the Chinese market through qualitative and quantitative research methods, focuses on the effectiveness of supply chain financing for the financing of small and medium-sized enterprises, and puts forward some policy suggestions on how to better develop China's supply chain finance.
Key words: small and medium-sized enterprises; supply chain finance; financing; bank / Business Administration/Finance

Identiferoai:union.ndltd.org:TEMPLE/oai:scholarshare.temple.edu:20.500.12613/8464
Date January 2023
Creatorssun, bin
ContributorsGao Bakshi, Xiaohui, Bakshi, Gurdip, Tang, Cheng Yong, Srivastava, Joydeep
PublisherTemple University. Libraries
Source SetsTemple University
LanguageEnglish
Detected LanguageEnglish
TypeThesis/Dissertation, Text
RightsIN COPYRIGHT- This Rights Statement can be used for an Item that is in copyright. Using this statement implies that the organization making this Item available has determined that the Item is in copyright and either is the rights-holder, has obtained permission from the rights-holder(s) to make their Work(s) available, or makes the Item available under an exception or limitation to copyright (including Fair Use) that entitles it to make the Item available., http://rightsstatements.org/vocab/InC/1.0/
Relationhttp://dx.doi.org/10.34944/dspace/8428, Theses and Dissertations

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