Research on Construction of Supply Chain Finance Model and Enterprise Innovation in the Internet Era

The Internet era has brought changes to corporate business models.Based on the game analysis of bank and SMEs behaviors in supply chain finance, this paper deduces the relationship between supply chain finance, financing constraints and corporate innovation.We also use the 2008-2019 Shanghai and Shenzhen A-share listed companies as data sample, test the impact of the supply chain finance on corporate innovation and the mediating effect of financing constraints.We found that supply chain finance increases the number of firms' patent output and improves the level of corporate innovation.The paper helps shed light on the role of supply chain finance in microenterprises in terms of their innovation barriers and financial constraints.