{"id":"https://openalex.org/W7128590235","doi":"https://doi.org/10.3390/digital6010012","title":"Digital Innovation and Supply Chain Financing in China","display_name":"Digital Innovation and Supply Chain Financing in China","publication_year":2026,"publication_date":"2026-02-11","ids":{"openalex":"https://openalex.org/W7128590235","doi":"https://doi.org/10.3390/digital6010012"},"language":"en","primary_location":{"id":"doi:10.3390/digital6010012","is_oa":true,"landing_page_url":"https://doi.org/10.3390/digital6010012","pdf_url":"https://www.mdpi.com/2673-6470/6/1/12/pdf?version=1770812534","source":{"id":"https://openalex.org/S4210185390","display_name":"Digital","issn_l":"2673-6470","issn":["2673-6470"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Digital","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://www.mdpi.com/2673-6470/6/1/12/pdf?version=1770812534","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5038205125","display_name":"Guangfan Sun","orcid":"https://orcid.org/0000-0003-0031-7369"},"institutions":[{"id":"https://openalex.org/I4210139142","display_name":"Development Research Center","ror":"https://ror.org/04m6cjv19","country_code":"CN","type":"government","lineage":["https://openalex.org/I4210139142","https://openalex.org/I4210155611"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Guangfan Sun","raw_affiliation_strings":["Aviation Industry Development Research Center of China, Beijing 100029, China"],"raw_orcid":"https://orcid.org/0000-0003-0031-7369","affiliations":[{"raw_affiliation_string":"Aviation Industry Development Research Center of China, Beijing 100029, China","institution_ids":["https://openalex.org/I4210139142"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5101951497","display_name":"Daosheng Xu","orcid":"https://orcid.org/0000-0001-6878-118X"},"institutions":[{"id":"https://openalex.org/I78988378","display_name":"Renmin University of China","ror":"https://ror.org/041pakw92","country_code":"CN","type":"education","lineage":["https://openalex.org/I78988378"]},{"id":"https://openalex.org/I80947539","display_name":"Fuzhou University","ror":"https://ror.org/011xvna82","country_code":"CN","type":"education","lineage":["https://openalex.org/I80947539"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Daosheng Xu","raw_affiliation_strings":["School of Business, Renmin University of China, Beijing 100872, China","School of Economics and Management, Fuzhou University, Fuzhou 350108, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Business, Renmin University of China, Beijing 100872, China","institution_ids":["https://openalex.org/I78988378"]},{"raw_affiliation_string":"School of Economics and Management, Fuzhou University, Fuzhou 350108, China","institution_ids":["https://openalex.org/I80947539"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5113419728","display_name":"Xueqin Hu","orcid":"https://orcid.org/0009-0008-2686-2000"},"institutions":[{"id":"https://openalex.org/I196699116","display_name":"Wuhan University of Technology","ror":"https://ror.org/03fe7t173","country_code":"CN","type":"education","lineage":["https://openalex.org/I196699116"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Xueqin Hu","raw_affiliation_strings":["School of Economics, Wuhan University of Technology, Wuhan 430070, China"],"raw_orcid":"https://orcid.org/0009-0008-2686-2000","affiliations":[{"raw_affiliation_string":"School of Economics, Wuhan University of Technology, Wuhan 430070, China","institution_ids":["https://openalex.org/I196699116"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5113419728"],"corresponding_institution_ids":["https://openalex.org/I196699116"],"apc_list":{"value":1000,"currency":"CHF","value_usd":1114},"apc_paid":{"value":1000,"currency":"CHF","value_usd":1114},"fwci":79.3774,"has_fulltext":true,"cited_by_count":5,"citation_normalized_percentile":{"value":0.9988447,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":98,"max":99},"biblio":{"volume":"6","issue":"1","first_page":"12","last_page":"12"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11995","display_name":"FinTech, Crowdfunding, Digital Finance","score":0.0729999989271164,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11995","display_name":"FinTech, Crowdfunding, Digital Finance","score":0.0729999989271164,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11864","display_name":"Supply Chain Resilience and Risk Management","score":0.06790000200271606,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12544","display_name":"Working Capital and Financial Performance","score":0.05950000137090683,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/supply-chain","display_name":"Supply chain","score":0.8323000073432922},{"id":"https://openalex.org/keywords/leverage","display_name":"Leverage (statistics)","score":0.6639999747276306},{"id":"https://openalex.org/keywords/information-asymmetry","display_name":"Information asymmetry","score":0.6448000073432922},{"id":"https://openalex.org/keywords/adaptability","display_name":"Adaptability","score":0.4090000092983246},{"id":"https://openalex.org/keywords/empirical-research","display_name":"Empirical research","score":0.3564999997615814},{"id":"https://openalex.org/keywords/supply-chain-management","display_name":"Supply chain management","score":0.3546000123023987},{"id":"https://openalex.org/keywords/information-technology","display_name":"Information technology","score":0.33709999918937683}],"concepts":[{"id":"https://openalex.org/C108713360","wikidata":"https://www.wikidata.org/wiki/Q1824206","display_name":"Supply chain","level":2,"score":0.8323000073432922},{"id":"https://openalex.org/C153083717","wikidata":"https://www.wikidata.org/wiki/Q6535263","display_name":"Leverage (statistics)","level":2,"score":0.6639999747276306},{"id":"https://openalex.org/C137577040","wikidata":"https://www.wikidata.org/wiki/Q431965","display_name":"Information asymmetry","level":2,"score":0.6448000073432922},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.623199999332428},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.4973999857902527},{"id":"https://openalex.org/C177606310","wikidata":"https://www.wikidata.org/wiki/Q5674297","display_name":"Adaptability","level":2,"score":0.4090000092983246},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3580000102519989},{"id":"https://openalex.org/C120936955","wikidata":"https://www.wikidata.org/wiki/Q2155640","display_name":"Empirical research","level":2,"score":0.3564999997615814},{"id":"https://openalex.org/C44104985","wikidata":"https://www.wikidata.org/wiki/Q492886","display_name":"Supply chain management","level":3,"score":0.3546000123023987},{"id":"https://openalex.org/C121017731","wikidata":"https://www.wikidata.org/wiki/Q11661","display_name":"Information technology","level":2,"score":0.33709999918937683},{"id":"https://openalex.org/C43214815","wikidata":"https://www.wikidata.org/wiki/Q7310987","display_name":"Reliability (semiconductor)","level":3,"score":0.3093999922275543},{"id":"https://openalex.org/C2776207758","wikidata":"https://www.wikidata.org/wiki/Q5303302","display_name":"Downstream (manufacturing)","level":2,"score":0.3021000027656555},{"id":"https://openalex.org/C200707436","wikidata":"https://www.wikidata.org/wiki/Q1053211","display_name":"Principal\u2013agent problem","level":3,"score":0.29010000824928284},{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.2874999940395355},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.2858000099658966},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.27219998836517334},{"id":"https://openalex.org/C166052673","wikidata":"https://www.wikidata.org/wiki/Q83021","display_name":"Empirical evidence","level":2,"score":0.25859999656677246}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.3390/digital6010012","is_oa":true,"landing_page_url":"https://doi.org/10.3390/digital6010012","pdf_url":"https://www.mdpi.com/2673-6470/6/1/12/pdf?version=1770812534","source":{"id":"https://openalex.org/S4210185390","display_name":"Digital","issn_l":"2673-6470","issn":["2673-6470"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Digital","raw_type":"journal-article"},{"id":"pmh:oai:doaj.org/article:6dfacf9ad4314de1b794627335ec9fd1","is_oa":true,"landing_page_url":"https://doaj.org/article/6dfacf9ad4314de1b794627335ec9fd1","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Digital, Vol 6, Iss 1, p 12 (2026)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.3390/digital6010012","is_oa":true,"landing_page_url":"https://doi.org/10.3390/digital6010012","pdf_url":"https://www.mdpi.com/2673-6470/6/1/12/pdf?version=1770812534","source":{"id":"https://openalex.org/S4210185390","display_name":"Digital","issn_l":"2673-6470","issn":["2673-6470"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Digital","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.615451991558075,"display_name":"Industry, innovation and infrastructure","id":"https://metadata.un.org/sdg/9"}],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W7128590235.pdf","grobid_xml":"https://content.openalex.org/works/W7128590235.grobid-xml"},"referenced_works_count":77,"referenced_works":["https://openalex.org/W1970041141","https://openalex.org/W2081008536","https://openalex.org/W2135307257","https://openalex.org/W2171039229","https://openalex.org/W2523952396","https://openalex.org/W2799903446","https://openalex.org/W2800716745","https://openalex.org/W2953051124","https://openalex.org/W2999273691","https://openalex.org/W3002251739","https://openalex.org/W3016625703","https://openalex.org/W3018867377","https://openalex.org/W3022067204","https://openalex.org/W3022218618","https://openalex.org/W3084142248","https://openalex.org/W3121611240","https://openalex.org/W3121759882","https://openalex.org/W3122318539","https://openalex.org/W3122404852","https://openalex.org/W3122638935","https://openalex.org/W3122781793","https://openalex.org/W3123255601","https://openalex.org/W3124948273","https://openalex.org/W3125498346","https://openalex.org/W3126071446","https://openalex.org/W3133549299","https://openalex.org/W3139975196","https://openalex.org/W3159759907","https://openalex.org/W3160626930","https://openalex.org/W3177006781","https://openalex.org/W3215954181","https://openalex.org/W4221124132","https://openalex.org/W4229019816","https://openalex.org/W4283747209","https://openalex.org/W4286214551","https://openalex.org/W4303648114","https://openalex.org/W4313368184","https://openalex.org/W4320018725","https://openalex.org/W4320473693","https://openalex.org/W4323073087","https://openalex.org/W4363679424","https://openalex.org/W4377969212","https://openalex.org/W4379191925","https://openalex.org/W4380792112","https://openalex.org/W4382175553","https://openalex.org/W4384461041","https://openalex.org/W4386247129","https://openalex.org/W4386546385","https://openalex.org/W4387449662","https://openalex.org/W4388561471","https://openalex.org/W4388962306","https://openalex.org/W4390610542","https://openalex.org/W4391880038","https://openalex.org/W4391897491","https://openalex.org/W4396903515","https://openalex.org/W4399557693","https://openalex.org/W4400278621","https://openalex.org/W4401115951","https://openalex.org/W4401336465","https://openalex.org/W4401501742","https://openalex.org/W4402212402","https://openalex.org/W4402440644","https://openalex.org/W4404975744","https://openalex.org/W4408755406","https://openalex.org/W4408788640","https://openalex.org/W4410557374","https://openalex.org/W4411079443","https://openalex.org/W4411122100","https://openalex.org/W4412476852","https://openalex.org/W4412603180","https://openalex.org/W4414668673","https://openalex.org/W4416469902","https://openalex.org/W4416711794","https://openalex.org/W4416844070","https://openalex.org/W4416919223","https://openalex.org/W4417212507","https://openalex.org/W7077045623"],"related_works":[],"abstract_inverted_index":{"Compared":[0],"with":[1,30,135,147],"conventional":[2],"financing":[3,7,100,133,237,253],"approaches,":[4],"supply":[5,44,79,98,118,131,188,210,235,245],"chain":[6,45,80,99,119,132,189,211,236,246],"demonstrates":[8],"superior":[9],"adaptability":[10],"in":[11,16,22,126,140,187],"risk":[12],"management,":[13],"greater":[14],"cost-effectiveness":[15],"financial":[17],"control,":[18],"and":[19,42,51,78,92,109,145,248],"enhanced":[20],"efficiency":[21],"approval":[23],"processes,":[24],"owing":[25],"to":[26,70,117,183,205,229,233,251],"its":[27],"deep":[28],"integration":[29],"industrial":[31],"chains.":[32],"This":[33],"investigation":[34],"explores":[35],"the":[36,49,54,65,73,153,161,194],"intrinsic":[37],"relationship":[38,74],"between":[39,75,209],"digital":[40,76,86,103,127,175,203,231],"innovation":[41,77,87,104,176,232],"corporate":[43,90],"financing.":[46,81,120,190],"To":[47],"ensure":[48],"rigor":[50],"reliability":[52],"of":[53,155,164,215],"research":[55,61,195],"conclusions,":[56],"we":[57,122,192,218],"adopt":[58],"an":[59,180],"empirical":[60],"method":[62],"based":[63],"on":[64,130,196],"OLS":[66],"econometric":[67],"regression":[68],"model":[69],"systematically":[71],"examine":[72],"Our":[82],"findings":[83,226,241],"reveal":[84],"that":[85,170],"positively":[88],"influences":[89],"operations":[91],"information":[93,110,185,197,207],"disclosure":[94],"quality,":[95],"thereby":[96],"facilitating":[97],"acquisition.":[101],"Specifically,":[102,224],"enhances":[105],"both":[106],"Tobin\u2019s":[107],"Q":[108],"transparency,":[111],"which":[112],"consequently":[113],"improves":[114],"firms\u2019":[115],"access":[116],"Furthermore,":[121],"observe":[123],"pronounced":[124,137],"heterogeneity":[125],"innovation\u2019s":[128],"impact":[129],"accessibility,":[134],"more":[136],"effects":[138],"observed":[139],"state-owned":[141],"enterprises,":[142],"mature":[143],"firms,":[144],"regions":[146],"less":[148],"developed":[149],"legal":[150],"frameworks.":[151],"From":[152],"perspective":[154],"theoretical":[156],"contributions,":[157,217],"this":[158],"study":[159],"enriches":[160],"application":[162],"scenario":[163],"signal":[165,182],"transmission":[166],"theory.":[167],"We":[168],"verify":[169],"operational":[171],"improvement":[172],"driven":[173],"by":[174,200],"can":[177],"serve":[178],"as":[179],"effective":[181],"alleviate":[184],"asymmetry":[186,198],"Meanwhile,":[191],"supplement":[193],"theory":[199],"providing":[201],"a":[202],"solution":[204],"mitigate":[206],"frictions":[208],"partners.":[212],"In":[213],"terms":[214],"practical":[216],"provide":[219],"actionable":[220],"insights":[221],"for":[222,244],"firms.":[223],"our":[225],"guide":[227],"firms":[228],"leverage":[230],"improve":[234],"accessibility.":[238],"Additionally,":[239],"these":[240],"offer":[242],"references":[243],"stakeholders":[247],"relevant":[249],"authorities":[250],"optimize":[252],"support":[254],"mechanisms.":[255]},"counts_by_year":[{"year":2026,"cited_by_count":5}],"updated_date":"2026-07-29T09:40:50.615796","created_date":"2026-02-11T00:00:00"}
