%0 Journal Article
%A DOU Zhi-hong2
%A WANG Fang1
%T Role of Online Supply Chain Finance in Alleviating SMEs Financing Constraints#br#
—Empirical Analysis Based on Listed Companies
%D 2020
%R 10.19722/j.cnki.1008-7729.2019.0362
%J Journal of Beijing University of Posts and Telecommunications(Social Sciences Edition)
%P 68-77
%V 22
%N 3
%X Using the cash-cash flow model and taking the financial data of SMEs (small and medium enterprises) from the year of 2008 to 2017 in the Wind Database as a sample, the role of online supply chain finance in alleviating financing constraints of SMEs is empirically analyzed based on the enterprise ownership system. The results show that financing constraints are common among SMEs, while non-state-owned enterprises face more serious financing constraints; supply chain finance can alleviate financing constraints to a certain extent, while online supply chain finance is more effective to SMEs. Financing constraints can be alleviated better in non-state-owned enterprises than in state-owned enterprises.
%U https://journalsk.bupt.edu.cn/EN/10.19722/j.cnki.1008-7729.2019.0362