绿色金融对供应链韧性的影响研究

——基于中国A股上市公司的经验证据

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中图分类号：F274；X196 文献标识码：A doi：10.3969/j.issn.1672-2272.202509082

The Impact of Green Finance on Enterprise Supply Chain Resilience： Empirical Evidence from China's A-Share Listed Companies

Li Cuiping，Feng Xuelei （School of Finance，Xinjiang University of Finance and Economics，Urumiqi 83o0l2，China）

Abstract：In the face of global climate change and the vulnerabilities within supply chains，green finance has emerged as a central policy tool for reconciling environmental governance with supply chain resilience.This study utilizes data from A一share listed companies in China over the period 2012 to 2021，measuring supply chain resilience from the perspectives of supply chain eficiency and stability. The research investigates the impact of green finance on enterprise supply chain resilience. The results indicate that green finance significantly enhances supply chain resilience by reducing transaction costs， alleviating financing constraints，and improving risk resistance within supply chains.Additionally，the positive effects of green finance on supply chain resilience are more pronounced for state一owned enterprises，companies with higher levels of information disclosure，and those operating in more market一oriented regions. This study provides theoretical support and empirical evidence for how green finance can enhance enterprise supply chain resilience.

Keywords：green finance；supply chain resilience；financing constraints

0 引言

在全球产业链加速重构的背景下，供应链韧性已经成为保障经济高效循环与高质量发展的核心议题。（剩余12732字）