Does Digital Finance Build a Sustainable Buffer? Exploring Its Impacts on Manufacturing Supply Chain Resilience
デジタルファイナンスは持続可能な緩衝材を構築するか？製造業サプライチェーンの強靭性への影響を探る (AI 翻訳)
Baoyan Gao, Xiaolong Li, Chiwei Su, Zixin Luo
🤖 gxceed AI 要約
日本語
本研究は、中国の上場製造企業21,060社・年のパネルデータを用いて、デジタルファイナンスがサプライチェーン強靭性を高め、持続可能な製造業の発展を促進することを実証した。情報透明性の向上、投資と資金調達の期間ミスマッチ解消、財務リスク軽減が経路として働く。伝統的金融が未発達な地域やガバナンスが弱い企業で効果が大きい。
English
Using panel data of 21,060 Chinese manufacturing firm-year observations, this study finds that digital finance enhances supply chain resilience, promoting sustainable manufacturing development. Mechanisms include improved information transparency, reduced maturity mismatches, and mitigated financial risks. Effects are stronger in regions with underdeveloped traditional finance, firms with weak governance, and growing companies.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本では、サプライチェーン強靭性は経済安全保障の観点で重要だが、本論文は中国の文脈であり、直接的なGX政策との関連は薄い。ただし、デジタルファイナンスが企業の持続可能性に与える影響は、日本企業のサプライチェーン管理にも示唆を与える。
In the global GX context
Globally, this paper contributes to the literature on supply chain resilience and sustainability, but its GX relevance is indirect. It highlights the role of digital finance in mitigating climate-related disruptions, which is relevant to broader climate risk management in supply chains.
👥 読者別の含意
🔬研究者:サプライチェーン強靭性とデジタルファイナンスの関係を理解するための実証的証拠。
🏢実務担当者:サプライチェーンリスク管理におけるデジタルファイナンス活用の示唆。
🏛政策担当者:デジタルファイナンス政策がサプライチェーン強靭性に与える影響の理解。
📄 Abstract（原文）
Enhancing supply chain resilience has become crucial for sustainable manufacturing development as firms face repeated disruptions from pandemics, geopolitical shocks, logistics bottlenecks, and climate-related uncertainty. As digital finance alleviates corporate financing constraints and improves information transmission across supply chains, it may strengthen supply chain resilience, thereby supporting the sustainable development of manufacturing firms. Accordingly, this paper examines this effect using panel data consisting of 21,060 firm-year observations of Chinese A-share listed manufacturing firms spanning the period 2011–2023. It combines the proxy of digital finance, which is the city-level Baidu search index for digital finance, with the entropy-weighted and firm-level supply chain resilience index to assess its sustainability. Based on the fixed-effects model, digital finance positively affects the resilience of manufacturing companies’ supply chains and, by extension, promotes the sustainable development of manufacturing supply chains. We also find that digital finance improves manufacturing supply chain resilience by enhancing information transparency, resolving maturity mismatches between investment and financing, and mitigating financial risks. This impact is larger in poorly developed traditional financial regions, firms with poor governance, and in growing companies. Policy recommendations center on advancing digital supply chain finance, strengthening data governance, and improving risk management systems to reinforce supply chain resilience and promote the long-term sustainable development of manufacturing firms.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://www.mdpi.com/2071-1050/18/15/7722/pdf?version=1785399205first seen 2026-08-03 05:19:44
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gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。