Proceedings of the 2025 4th International Conference on Public Service, Economic Management and Sustainable Development (PESD 2025)

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The Impact of Supply Chain Finance on Total Factor Productivity of Publicly Listed Companies in China

Authors
Yixin Dou1, Fan Zhang1, *
1School of Finance, Harbin University of Commerce, Harbin, 150028, China
*Corresponding author. Email: zhangfan2024@s.hrbcu.edu.cn
Corresponding Author
Fan Zhang
Available Online 22 December 2025.
DOI
10.2991/978-94-6463-916-2_66How to use a DOI?
Keywords
supply chain finance; total factor productivity; credit resource allocation
Abstract

As a key hub connecting finance and the real economy, supply chain finance plays a supporting function in the development of the real economy, and it is becoming increasingly significant to China’s economic growth. This study employs Chinese A-share listed companies from 2007 to 2023 as research samples, and empirically tests the influence of supply chain finance on total factor productivity of enterprises and its mechanism by using two-way fixed effect model. The results indicate that supply chain finance can improve the total factor productivity of enterprises through three mechanisms: optimizing the allocation of credit resources, and this relationship is still valid after endogenous processing and a series of robustness tests. The results not only expand the relevant research on the driving factors of enterprise total factor productivity, but also have theoretical and practical value for improving the modernization level of enterprise supply chain and advancing the premium development of enterprises and the economy.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2025 4th International Conference on Public Service, Economic Management and Sustainable Development (PESD 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
22 December 2025
ISBN
978-94-6463-916-2
ISSN
2352-5428
DOI
10.2991/978-94-6463-916-2_66How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yixin Dou
AU  - Fan Zhang
PY  - 2025
DA  - 2025/12/22
TI  - The Impact of Supply Chain Finance on Total Factor Productivity of Publicly Listed Companies in China
BT  - Proceedings of the 2025 4th International Conference on Public Service, Economic Management and Sustainable Development (PESD 2025)
PB  - Atlantis Press
SP  - 610
EP  - 616
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-916-2_66
DO  - 10.2991/978-94-6463-916-2_66
ID  - Dou2025
ER  -