Research On Supply Chain Financing Of Small And Medium-sized Enterprises Based On The Perspective Of Network Embeddedness

China's SMEs have a prominent position in the national economy.They can effectively alleviate employment pressure in society,maintain social stability,and promote the development of the national economy.For SMEs,having sufficient funds is the basis for their long-term development.However,in recent years,SMEs have faced more serious financing difficulties,the reasons include the qualification and credit problems of SMEs and the lack of mortgage guarantees,as well as the lack of external direct financing channels and a single indirect financing channel.However,supply chain financing provides a new perspective for the solution of SME financing problems.The network embeddedness of SMEs within the supply chain network has an important impact on its financing.Network embeddedness has also opened up a new paradigm for the study of SME supply chain financing.This article starts from the embeddedness of SMEs in the supply chain network,and firstly explores the impact of network embeddedness on the supply chain financing of SMEs;Secondly,it analyzes the influencing factors of SMEs embedded in the supply chain network for financing:One is the influence mechanism of corporate capabilities on the financing performance of SME supply chains;The second is the moderating role of the environmental dynamics within the supply chain network in the process of obtaining financing for SMEs,and how SMEs can obtain better financing effects through these two factors;After that,this article adopted a research method combining literature analysis and empirical analysis.Based on a large amount of literature,a questionnaire suitable for this paper was formed and issued.Reasonable assumptions were proposed.The collected data was applied to statistical software The analysis resulted in the following conclusions:The embeddedness of the network can significantly affect the SMEs' access to funds within the supply chain network,and the capabilities of the SMEs play a part of the positive intermediary role for the financing effects of SMEs,The environmental dynamics within the supply chain network have positively regulated the financing effects of SMEs;Based on the conclusions of the research in this article,the article concludes with a summary of the supply chain financing of SMEs from the perspective of network embedding,and proposes several points on how SMEs can better use their embeddedness in the supply chain network to improve financing effects.