供应链金融对制造业企业破产风险的影响研究——基于我国创业板上市制造业的经验证据  

Research on the Impact of Supply Chain Finance on Bankruptcy Risk of Manufacturing Enterprises——Empirical evidence from China's GEM-listed manufacturing industry

作　　者：彭其 王春生 PENG Qi;WANG Chun-cheng(Faculty of Finance,City University of Macao,Macao 999078,China;Digital Economy and Management School,Software Engineering Institute of Guangzhou,Guangzhou 510990,China)

机构地区：[1]澳门城市大学金融学院,中国澳门999078 [2]广州软件学院数字经济与管理学院,广东广州510990

出　　处：《海南开放大学学报》2025年第1期30-36,共7页Journal of Hainan Open University

基　　金：2022年广东省教育科学规划课题项目“产教融合视域下粤港澳大湾区智慧物流人才培养动力机制与实践路径研究”(项目编号:2022GXJK085)

摘　　要：随着金融科技的发展,供应链金融逐渐成为一种新型金融服务,在企业提高融资效率、降低交易成本方面有重要作用。对2010—2022年创业板上市的制造业公司数据进行的实证研究发现,开展供应链金融能够有效降低企业的破产风险,供应链金融发展水平越高,越有助于提高企业发展韧性,企业抵御外部风险能力越强,破产风险就越小。With the development of financial technology,supply chain finance has gradually become a new type of financial service,which plays an important role in improving financing efficiency and reducing transaction costs for enterprises.Empirical research on the data of manufacturing companies listed on the GEM board from 2010 to 2022 reveals that the adoption of supply chain finance can effectively reduce the bankruptcy risk of enterprises,and higher levels of supply chain finance development enhance operational resilience and strengthen enterprises'capacity to resist external risks,thereby further mitigating bankruptcy risks.

关 键 词：供应链金融 企业破产风险 制造业 

分 类 号：F273.1[经济管理—企业管理]