Fintech, supply chain concentration and enterprise digitization: Evidence from chinese manufacturing listed companies

The rise of fintech has had profound implications for businesses, yet its role in shaping corporate supply chain concentration remains unclear. This study is based on data from Chinese A-share listed manufacturing companies from 2011 to 2020 and examines the impact of fintech on corporate supply chain concentration under the influence of enterprise digitization. The research findings are as follows: fintech promotes corporate supply chain concentration;enterprise digitization amplifies the impact of fintech on enhancing enterprise supply chain concentration; State-owned enterprises are more significantly affected by fintech in terms of corporate supply chain concentration compared to non-state-owned enterprises.