Academic Journal of Business & Management, 2023, 5(9); doi: 10.25236/AJBM.2023.050921.
Anqi Li1, Ziying Tan1, Ruining Dan2, Deyu Li3
1School of Finance, Anhui University of Finance and Economics, Bengbu, China
2School of Statistics and Applied Mathematics, Anhui University of Finance and Economics, Bengbu, China
3School of Economics, Anhui University of Finance and Economics, Bengbu, China
Small and medium-sized enterprises (SMEs), as an important part of the national economy, often encounter some financing difficulties due to their small scale and poor ability to withstand risks, which restrict the sustainable development of China. With the advancement of technology, blockchain technology is gradually applied to various industries, which to a certain extent alleviates the financing constraints of SMEs. The article discusses the role of applying blockchain technology in enterprise financing constraint mechanism from the perspective of high-quality enterprise development, and analyzes the causes of the current financing difficulties of SMEs in China, after which the mechanism of blockchain technology's influence on financing constraint is analyzed, and finally gives countermeasures of blockchain technology to alleviate financing constraint from the perspective of high-quality enterprise development.
High-quality development; Blockchain technology; Financing constraints
Anqi Li, Ziying Tan, Ruining Dan, Deyu Li. The Impact Mechanism of Blockchain Technology on Financing Constraints from the Perspective of High-Quality Enterprise Development. Academic Journal of Business & Management (2023) Vol. 5, Issue 9: 137-142. https://doi.org/10.25236/AJBM.2023.050921.
 Gao Xiaoyue. Mechanism, Effect and Countermeasures of Financial Technology to Relieve Financing Constraints of SMEs [D]. Henan Polytechnic University, 2020.
 Qu Xiaowei. An Empirical Study on the Impact of Supply Chain Integration on Enterprise Value [D]. Zhejiang University of Finance and Economics, 2015.
 Fan Houyu. An Empirical Study on the Impact of Internal Control on Financing Constraints [D]. Jinan University, 2016.
 Liang Shuiyuan, Yu Cuilian. Why is It Difficult for Small and Medium-sized Enterprises to Obtain Financing [J]. Statistics and Decision, 2003(11):108-109.
 Chen Xinjuan. Research on Internet Finance to Resolve Financing Difficulties of Small and Medium-sized Enterprises [J]. Cooperative Economy and Technology, 2019 (18): 46-49.
 Mao Wenxia. Research on Financing Problems of Small and Medium-sized High-tech Enterprises Based on Factor Endowments [J]. Accounting Newsletter, 2014 (35): 11-13.
 Chen Wenqi. Research on the Impact of Financial Technology on Small and Micro Enterprises' Financing [D]. Hunan University, 2018.
 Chen Lishan, Fu Yuanhai. Dynamic Characteristics of Technological Innovation Affecting the High-quality Development of Enterprises under Financing Constraints [J]. China Soft Science, 2019(12):108-128.
 He Yuqian, Li Xing. Research on the Impact of Blockchain Technology on Business Development and the Path [J]. Journal of Hubei Open Vocational College, 2022, 35(04):111-112.
 Zhou Zhou, Wang Yiming. Research on the Iimpact of Distributed Bookkeeping Technology on Accounting Efficiency of Small and Medium-sized Enterprises from the Perspective of Blockchain [J]. Small and medium-sized enterprise management and technology, 2021(01):108-109.
 Yawen Zhang. A Study on the Impact of the Establishment of Free Trade Zone on Total Factor Productivity of Enterprises Based on the Mediating Role of Financing Constraints [J]. Modern Business, 2021(23):61-68.