所属栏目:银行与金融机构/商业银行

Do Policy Bank Loans Help Alleviate Supply Chain Disruption Risks? Evidence from Chinese Listed Firms
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发布日期:2026年11月13日 上次修订日期:2026年11月13日

摘要

This study investigates whether policy bank lending can mitigate supply chain disruption risks by applying a novel dual-layer complex network framework to Chinese A-share listed firms from 2009 to 2023. By employing dynamic methods to assess disruption risks at supply chain nodes, we demonstrate that dual-layer networks significantly outperform single-layer networks in identifying critical risk points. Our results show that while commercial banks systematically avoid lending to high-risk nodes, policy banks strategically allocate credit to vulnerable and shock-affected firms. This countercyclical and targeted lending behavior not only enhances overall network stability and strengthens supply chain resilience but also mitigates disruption risks effectively. The findings highlight the stabilizing role of state-backed financial institutions and provide policy implications for industrial upgrading and sustainable development in emerging economies.
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Jian Xiong; Wei Yin; Berna Kirkulak-Uludag Do Policy Bank Loans Help Alleviate Supply Chain Disruption Risks? Evidence from Chinese Listed Firms (2026年11月13日) https://www.cfrn.com.cn/lw/17012.htm

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