供应链金融对企业短贷长投的影响研究

Research on the Impact of Supply Chain Finance on Short-Term Loans and Long-Term Investments of Enterprises

摘要: 供应链金融作为关键融资方式，在市场经济发展中对企业短贷长投行为影响重大。文章深入探究其与企业短贷长投的内在联系，先阐述供应链金融的概念和主要模式，接着基于信息不对称、交易成本和委托代理理论，剖析其对企业短贷长投的正负效应。研究发现，供应链金融能拓宽融资渠道、降低成本、优化资金配置，但也存在供应链风险传导、信息共享问题及核心企业主导引发的弊端。最后从强化积极影响、应对风险、解决信息问题和化解不公平等方面提出建议，为企业合理利用供应链金融改善短贷长投行为提供理论与实践指导，助力企业稳健发展。

Abstract: As a key financing method, supply chain finance has a significant impact on enterprises’ short-term borrowing and long-term investment behavior in the development of the market economy. This paper deeply explores the intrinsic connection between supply chain finance and enterprises’ short-term borrowing and long-term investment. Firstly, it elaborates on the concept and main models of supply chain finance. Then, based on the theories of information asymmetry, transaction costs, and principal-agent, it analyzes the positive and negative effects of supply chain finance on enterprises’ short-term borrowing and long-term investment. The research finds that supply chain finance can broaden financing channels, reduce costs, and optimize the allocation of funds. However, it also has drawbacks such as the transmission of supply chain risks, information sharing issues, and the disadvantages caused by the dominance of core enterprises. Finally, it proposes suggestions from the aspects of strengthening positive impacts, responding to risks, solving information problems, and resolving unfairness, providing theoretical and practical guidance for enterprises to rationally utilize supply chain finance to improve their short-term borrowing and long-term investment behavior, and promoting the stable development of enterprises.