供应链网络关系与商业信用供给——基于结构洞的视角  

Supply Chain Network Relationship and Trade Credit Supply:From the Perspective of Structural Hole

作　　者：袁业虎[1] 吴端端 YUAN Ye-hu;WU Duan-duan(Jiangxi University of Finance and Economics,Nanchang 330013,China)

机构地区：[1]江西财经大学会计学院,江西南昌330013

出　　处：《当代财经》2024年第10期73-85,共13页Contemporary Finance and Economics

基　　金：国家社会科学基金项目“精益数字化赋能单项冠军企业培育的机理及实现路径研究”(23CGL015);江西省社会科学“十四五”基金重点项目“双碳目标下绿色金融助推江西省产业结构优化升级研究”(22YJ04);江西省教育厅科技项目“智能制造对企业全要素生产率的影响及其作用机制研究”(GJJ210513)。

摘　　要：供应链网络是企业的重要社会网络,对促进供应链整体协同发展具有重要的作用。以2012—2022年我国A股上市企业为研究样本,从结构洞的视角探讨企业供应链网络关系对商业信用供给的影响及其作用机制。研究结果发现,具有丰富供应链网络结构洞的企业能显著提高商业信用供给,并优化商业信用供给结构。这是因为,企业占据供应链网络结构洞的位置,能通过缓解融资约束以提升商业信用的供给能力、增强企业风险承担能力以增强供给意愿,从而增加商业信用供给。在经济政策不确定性较低和市场化进程较高地区的企业、供应链稳定性较好和供应链地理距离较近的企业、非国有企业和成长期企业中,占据丰富的供应链网络结构洞位置对商业信用供给的影响更为显著。为此,企业应重视其所嵌入的供应链网络关系,制定合理的商业信用供给决策,构建合作共赢的供应链系统,推动供应链协同发展。Supply chain network is an important social network for enterprises,which has an important impact on promoting the overall coordinated development of supply chain.Taking China'A-share listed enterprises from 2012 to 2022 as the research samples,this paper explores the influence of business supply chain network relationship on their commercial credit supply and its acting mechanism from the perspective of structure hole.The results show that enterprises with rich supply chain network structure holes can significantly improve the supply of commercial credit and optimize the structure of commercial credit supply.This is because enterprises occupying the position of supply chain network structural holes can ease financing constraints to enhance the supply capacity of business credit,and enhance the risk-taking ability of enterprises to enhance supply willingness,thus improving the supply of commercial credit.Among the enterprises in regions with lower economic policy uncertainty and higher marketization process,the enterprises with better supply chain stability and closer geographical distance of supply chain,as well as the non-state-owned enterprises and the enterprises at growth stage,occupying the position of abundant supply chain network structure holes has a more significant impact on their commercial credit supply.Therefore,enterprises should attach importance to the embedded supply chain network relationship,make rational decisions of commercial credit supply,build a cooperative and win-win supply chain system,and promote the coordinated development of supply chain.

关 键 词：供应链网络 结构洞 商业信用供给 商业信用结构 

分 类 号：F275.1[经济管理—企业管理]