数字化供应链金融与企业绿色转型OACHSSCD

Based on textual data from the annual reports of A-share listed firms,this study constructs a comprehensive index system for corporate green transformation,covering five core dimensions:green design,green procurement,green production,green logistics,and green recy-cling,and examines the impact of firms' participation in digital supply chain finance on green transformation.The results show that firms' access to the Zhongzheng Accounts Receivable Fi-nancing Service Platform and their engagement in digital supply chain finance can promote corpo-rate green transformation.The Zhongzheng Platform promotes corporate green transformation mainly by alleviating firms' external financing constraints,facilitating the research and applica-tion of green technologies,and strengthening environmental standards.The promoting effect is more pronounced for firms located in the central and western regions,in regions with lower levels of marketization,and in areas with higher environmental awareness and stricter environmental regulation.Accordingly,it is important to support the development of digital supply chain fi-nance to improve the efficiency of resource allocation and promote corporate green transformation and sustainable development.