How Does Fintech Affect Corporate Supply Chain Resilience?

Abstract

Under constant external shocks, the stability of supply chain is confronting severe challenges. However, the rapid development of fintech is driving the innovation and transformation of supply chain, which improves corporate ability to resist those shocks and maintain supply chain stability. Based on the study of the impact of fintech on supply chain, this paper finds that fintech has a promoting effect on supply chain resilience. Specifically, via the application of blockchain, big data, artificial intelligence and other related technologies, fintech exerts an influence on the supply chain resistance and supply chain recovery through the channels of financial constraints, supply chain transparency, inter-firm coordination efficiency, and enterprise risk management capability, thereby enhancing the supply chain resilience. In addition, heterogeneity analysis reveals that lager corporations and state-owned enterprises usually hold an advantage in applying fintech while fintech’s positive effect on supply chain resilience in Small and Medium-sized Enterprises and non-stated-owned enterprises is more pronounced.