Research on the Influence of SME Digital Capability on Supply Chain Financing Performance Based on Transaction Cost Theory
LU Qiang，DENG Yang，SONG Hua
1. Beijing Technology and Business University, Beijing, China; 2. Chinese Academy of Fiscal Sciences, Beijing, China; 3. Renmin University of China, Beijing, China
Abstract Based on transaction cost theory, this study explores the underlying mechanism through which SME(Small and Medium-sized Enterprise) digital capability affects supply chain financing performance by reducing opportunism, and analyzing the contextual role of asset-specific and relationship-specific investments in the relationship between SME digital capability and opportunism. The results of the empirical analysis on a sample of 384 SMEs show that: The digital capability of SMEs positively affects the supply chain financing performance; opportunism has an intermediary role between the digital capability of SMEs and the financing performance of the supply chain; both asset-specific investment and relationship-specific investment can enhance the digital capability of SMEs and reduce the risk of opportunism. However, when higher asset-specific investment and higher relationship-specific investment are combined, it will, to a certain extent, replace the inhibitory effect of SMEs’ digital capabilities on opportunism.
LU Qiang,DENG Yang,SONG Hua. Research on the Influence of SME Digital Capability on Supply Chain Financing Performance Based on Transaction Cost Theory[J]. Chinese Journal of Management, 2023, 20(11): 1696-.
