Navigating Growth: The Nexus of Supply Chain Finance, Digital Maturity, and Financial Health in Chinese A-Share Listed Corporations

Abstract

As a derivative of traditional finance, supply chain finance plays a crucial role in facilitating the sound and stable operation of enterprises. This paper investigates the impact of supply chain finance on corporate sustainable growth. The findings reveal that supply chain finance not only fosters sustainable growth but also amplifies this effect through digital technology integration. Moreover, for firms and service-oriented businesses located in the central region, supply chain finance exerts a more pronounced positive influence on sustainable growth. In addition, the impact of supply chain finance on firm sustainable growth can be stage-specific depending on the financial situation.