Study on Supply Chain Finance, Internal Control and SMEs Financing Constraints

DOI

10.2991/edmi-19.2019.73How to use a DOI?

Keywords

supply chain finance; small and medium-sized enterprises (SMEs); financing constraints; internal control.

Abstract

Financing difficulties of small and medium-sized enterprises have always been a hot issue concerned by the government and academia, and supply chain finance is an effective way to relieve the financing constraints of SMEs. This paper uses the data of GEM listed companies from 2013 to 2015; uses the cash-cash flow sensitivity model to study the relationship between supply chain finance and financing constraints, and deeply explores the regulating action of internal control for relieving financing constraints of supply chain finance. The research found that supply chain finance can alleviate the financing constraints faced by GEM listed companies, and this relief effect is also affected by internal control of enterprises. Compared with enterprises with high internal control quality, supply chain finance has more obvious relief for enterprises financing constraints with low internal control quality.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Qiuhua Zhu
AU  - Yi Yang
PY  - 2019/08
DA  - 2019/08
TI  - Study on Supply Chain Finance, Internal Control and SMEs Financing Constraints
BT  - Proceedings of the 1st International Symposium on Economic Development and Management Innovation (EDMI 2019)
PB  - Atlantis Press
SP  - 442
EP  - 449
SN  - 2352-5428
UR  - https://doi.org/10.2991/edmi-19.2019.73
DO  - 10.2991/edmi-19.2019.73
ID  - Zhu2019/08
ER  -