供应链金融对农业企业融资约束的影响机制研究

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中图分类号：F275.6 文献标志码：A 文章编号：1004-390X（2026）02-0072-09

Research on the Impact Mechanism of Supply Chain Finance on the Financing Constraints of Agricultural Enterprises

ZHANG Shuying'， JIN Yaping²

（1.School ofFinance and Economics，Anhui Universityof Science and Technology，Bengbu 233ooo，China; 2.SchoolofManagement，Anhui Universityof Scienceand Technology，Bengbu 233ooo，China）

Abstract： Supply chain finance provides new ideas for the problem of financing difficulties for agriculture-related enterprises. In this regard，the article selected agricultural enterprises listed in China's A-shares from 2014 to 2024 as research samples， and adopted the fixed effect model to conduct an empirical analysis on the correlation between supply chain finance and financing constraints. It also examined the mediating role of credit risk and information asymmetry in their relationship and further analyzed the impact of differences in supply chain concentration and industry background. The research found that supply chain finance had a significant improvement effect on the financing difficulties of agriculture-related enterprises and could effectively allviate their financing pressure. Moreover， by reducing the level of credit risk and the degree of information asymmetry， supply chain finance could further enhance its effectiveness in alleviating the financing predicament of agricultural enterprises.A deeper analysis revealed that in agricultural enterprises with stable supply chain structures and within the manufacturing industry， supply chain finance showed more significant effects in easing financing constraints. This article expands the research dimension of financing constraints for agricultural enterprises and provides new theoretical basis for diferent types of enterprises to carry out supply chain management.

Keywords： supply chain finance; financing constraints; agricultural enterprises; credit risk; information asymmetry

党的十八大以来，党和政府一直把“三农”问题作为全党工作重点。（剩余11420字）