The influence of supply chain governance and corporate culture on firm financing performance: the mediating role of digital supply chain capability

Jia, Wang and Shafie, Nur Aima and Kasim, Eley Suzana and Kunlun, Liu (2025) The influence of supply chain governance and corporate culture on firm financing performance: the mediating role of digital supply chain capability. Asia-Pacific Management Accounting Journal (APMAJ), 20 (2): 1. pp. 1-30. ISSN 2550-1631
Identification Number (DOI): 10.24191/apmaj.v20i1-01
Abstract

This study explored how supply chain governance and corporate culture influenced SMEs’ financing performance was mediated by digital supply chain capability (DSCC). Drawing on the Resource-Based Theory (RBV) and Organizational Culture Theory (OCT), a conceptual model was developed, with supply chain governance and corporate culture as independent variables, DSCC as a mediator, and financing performance as the dependent variable. Using the PLS-SEM model, empirical analysis of 430 Chinese SMEs confirmed that supply chain governance and corporate culture significantly enhanced DSCC, positively affecting financing performance. Furthermore, DSCC partially mediated these relationships, suggesting direct and indirect effects. These findings provide theoretical insights and practical guidance for SMEs to improve financing performance by strengthening supply chain governance and corporate culture in the digital era. This study contributes to the literature by addressing the role of DSCC in SME financing, offering new perspectives on digital transformation and financial management.

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