突发事件下中小企业融资能力对供应链弹性的影响

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TheImpact of Financing Capacityof SmallandMedium-sized EnterprisesonSupplyChainResilience underEmergencies

WANG Wenli， LEI Min（School of Economics and Management， Taiyuan Universityof Scienceand Technology， Taiyuan O31ioo，China）

中图分类号：F273.7 文献标志码：A DOI： 10.13714/j.cnki.1002-3100.2025.09.026 risks.By taking emergencies as the background，this paper empirically examines the impact of SMEs' financing capacity on supply chain resilience under regular and major emergencies from the perspective of supply chain finance ecologywith drawing on the theory of the resource base view and utilizing theregression analysis method. The study shows that the internal and external financing capacity of SMEs under regular emergencies has an impact on supplychain resilience.However，the internal financing capacity of SMEsundermajor emergencies has a positive impact on supply chain resilience，and the external financing capacity has no impact on supply chain resilience. As a supplement to the study of supply chain resilience under emergencies， this paper analyzes from the perspective of quantitative analysis，and providestheoretical support for SMEs to better avoid risks，improve efficiency，and prevent supply chain disruptions under emergencies from the perspective of supply chain finance.

Abstract： Small and medium-sized enterprises （SMEs） face the risk of supply disruption under emergencies. Improving supply chain resilience can enhance SMEs' ability to resist

Key words： emergencies; financing capacity of small and medium -sized enterprises; supply chain elasticity; empirical research

0引言

在当前全球化经济大环境不稳定因素增多的背景下，供应链金融和管理的复杂度比以往增多，使得供应链面临的风险程度也大大增强。（剩余10108字）