Supply Chain Finance and Enterprise Resilience:Based on the Perspective of Collaborative Innovation and Risk-Taking
Based on panel data of A-share listed companies from 2010 to 2022,this study em-pirically examines the impact and mechanism of supply chain finance on firm resilience using fixed effects and mediation effects models.Research has found that supply chain finance can signifi-cantly enhance the resilience of enterprises,and this resilience enhancement effect is mainly effec-tively transmitted through collaborative innovation and risk-taking.At the same time,this effect exhibits significant heterogeneity in terms of different property rights,corporate life cycles,and bank enterprise relationships.In view of this,we should accelerate the development of supply chain finance,promote collaborative innovation among supply chain enterprises,establish a risk sharing mechanism for supply chain enterprises,and enhance the resilience level of enterprises.