Evolutionary Game of Financing Empowerment Mechanism for Small and Medium-Sized Enterprises'Digital Transformation:A Supply Chain Finance Approach
It is very meaningful for small and medium-sized enterprises'(SMES)high-quality development to improve their financing difficulties and accelerate their digital transformation.A financing empowerment mechanism for SMES'digital transformation,which in-corporates digital platforms and government subsidies,was designed with a supply chain finance approach.Then the effectiveness of the financing empowerment mechanism was analyzed through the evolutionary game model.The influences on the financing empowerment mechanism by different factors were further analyzed through numerical simulation,including the initial proportion of positive strategy,government subsidies,and participation cost.The research findings are as follows.Firstly,the higher the initial proportion of SMES,core enterprises,and financial institutes choosing positive strategies,the higher the probability of the game system converging to the Pareto optimality state.Secondly,government subsidies are helpful for the financing empowerment mechanism to work successfully,but the marginal effect becomes weak when game players'initial positive strategy proportion is relatively low.Thirdly,reducing the game player's participation costs is an important way to promote the game system's evolution towards the Pareto optimality state.
digital transformationsupply chain financesmall and medium-sized enterprisesgovernment subsidyevolutionary game
国家科技期刊平台
NSTL
万方数据
