The impact of supply chain finance on supplier stability: The mediation role of corporate risk-taking

Supply chain finance, as an effective mechanism to alleviate informational asymmetry between banks and SMEs and facilitate successful financing, and companies are becoming increasingly aware that maintaining close relationships with stable suppliers is crucial for the efficient development of supply chain finance. This study, based on a sample of Chinese listed companies from 2010 to 2022, examines the relationship between supply chain finance, supplier stability, and corporate risk-taking. The findings indicate that: 1. Supply chain finance positively influences supplier stability; 2. Corporate risk-taking mediates the relationship between supply chain finance and supplier stability; 3. Heterogeneity analysis reveals that the impact of supply chain finance on supplier stability is more pronounced in western regions and non-heavy pollution industries.