Inventory investment and the choice of financing: Does financial development play a role?

Yang, Jiansong; Guariglia, Alessandra; Peng, Yuchao; Shi, Yukun

doi:10.1016/j.jcorpfin.2021.102139

Cited by 14 publications

(4 citation statements)

References 104 publications

(158 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Moshnova, V.M. Nikishina [11], Michi Nishihara, Takashi Shibata, Chuanqian Zhang [12], Junhong Yang, Alessandra Guariglia, Yuchao Peng, Yukun Shi [13], Katarzyna Bilicka [14] and others. Foreign experience in financing, digital financing, investments of micro and small enterprises is presented in the works of the following researches: Aijie Lin, Yulei Peng, Xi Wu [15], Varun Jindal, Rama Seth [16] and others.…”

Section: Literature Reviewmentioning

confidence: 99%

Small Business Investment processes financing package

Naminova,

Auslender,

Khajieva

et al. 2023

E3S Web Conf.

View full text Add to dashboard Cite

The investment importance, their financing issues at the small business level reflect the current agenda of the state socio-economic development. The investment market is a set of objects and subjects actions through the investment services implementation. In general, the Russian investment market tasks are: innovative projects implementation; development of the investment potential of the market as a whole. The article defines the small business role, it presents the financial support forms for small businesses. The authors come to the conclusion that the “project finance” category is a complex tool that can be presented in different forms and types. A similar point of view has developed due to the lack of consensus among researchers and practitioners; the main features of financing investment projects in the small business segment are highlighted: the lack of their own funds to finance investment projects; the attracting financial resources difficulty in investments using credit instruments (lack of collateral); underdevelopment of small business.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

Small Business Investment processes financing package

Naminova,

Auslender,

Khajieva

et al. 2023

E3S Web Conf.

View full text Add to dashboard Cite

show abstract

“…We also use the bank branch density as another instrument variable for financial development. Deliberate creation of financial institutions and markets increases the supply of financial services, and thus promotes financial development (Calderón & Liu, 2003;Guiso, Sapienza, & Zingales, 2004;Yang, Guariglia, Peng, & Shi, 2022). We use the density rather than the number of bank branches to account for the fact that a large regional financial system is of limited use as it is not accessible to a sufficiently large proportion of the population.…”

Section: (B) Iv: Bank Branch Densitymentioning

confidence: 99%

Is Finance Good for Growth? New Evidence from China

Chen

2022

SSRN Journal

View full text Add to dashboard Cite

“…Moreover, SMEs can be backed by physical or financial assets, such as inventory, and obtain more financial support from fintech companies (Li et al, 2022). The recent literature suggests an unbalanced availability of credit across different regions, and in this light, SMEs can easily ease financing constraints in regions with high financial development (Andersson et al, 2022;Lu et al, 2022;Yang et al, 2022). We believe that whether the level of fintech can further improve the financing of firms in the presence of inventory leanness should be discussed in depth.…”

Section: Introductionmentioning

confidence: 99%

Lean inventory, fintech and financing: interactive influences on Chinese SMEs

Wang

Zhang

et al. 2023

View full text Add to dashboard Cite

PurposeFor decades, financing constraints have been a major obstacle to corporate performance. Volumes have been written about the probable factors that can help firms alleviate such financial constraints. Nonetheless, empirical evidence concerning the various perspectives on how inventory control may influence financing constraints has been surprisingly scant. Using the resource- and region-based view as theoretical lenses, this study seeks to estimate the relationship between lean inventory, regional financial technology (fintech) and financing constraints.Design/methodology/approachUtilizing a large-scale sample of small- and medium-sized enterprises (SMEs) in China's manufacturing sector, the authors empirically test their hypotheses by using hierarchical linear regression models with multiple high-dimensional fixed effects.FindingsResults indicate that firms with higher levels of inventory leanness and those located in more fintech-developed regions are less likely to encounter financing constraints. Furthermore, inventory leanness and regional fintech ecosystem development interact with each other to mitigate financing constraints. Moreover, inventory leanness significantly decreases firms' financing constraints when the regional fintech ecosystem is highly developed.Originality/valueThe present research contributes to the literature on the interface of supply chain management and financial management. It also provides managerial implications for policymakers and SME stakeholders.

show abstract

Inventory investment and the choice of financing: Does financial development play a role?

Cited by 14 publications

References 104 publications

Small Business Investment processes financing package

Small Business Investment processes financing package

Is Finance Good for Growth? New Evidence from China

Lean inventory, fintech and financing: interactive influences on Chinese SMEs

Contact Info

Product

Resources

About