How Does Supply Chain Finance Affect Sustainable Supply Chain Management? A Multiple Case Study of Chinese Baijiu Enterprises

Authors

  • Yingying Wang Instituto Universitário de Lisboa
  • Vasco Barroso Gonçalves
  • Elizabeth Reis

DOI:

https://doi.org/10.34190/ecmlg.22.1.5631

Keywords:

Sustainable Supply Chain Management, Supply Chain Finance, Resource Orchestration Theory, Dynamic Capabilities, Emerging Economies

Abstract

Against increasing sustainability pressures and financial constraints, this study uses three Chinese baijiu enterprises as cases to examine how Supply Chain Finance (SCF) is embedded in the value realization process of Sustainable Supply Chain Management (SSCM). The findings show that the firms adopt SCF through core-enterprise credit empowerment, distributor financing support, policy-based funding linkages, cash payment, internal financial platforms, and digital financing platforms. SCF alleviates financial constraints by forming financial, credit, and financial relationship resources, thereby strengthening foundational and dynamic supply chain capabilities. Firms then deploy these capabilities across the supply chain through assessment and incentives for upstream and downstream partners, encouraging the realization of comprehensive SSCM value. This study reveals the process mechanism through which SCF affects SSCM in a specific industry context and helps address the lack of SSCM research in emerging economies and the alcoholic beverage industry.

Author Biographies

Yingying Wang, Instituto Universitário de Lisboa

Yingying Wang is a Research Fellow at the International Supply Chain Finance Research Center of Fudan University and a director and partner in several companies. She holds a PhD in Management from ISCTE – Instituto Universitário de Lisboa, through a doctoral program in collaboration with the University of Electronic Science and Technology of China. Her research focuses on case study research, sustainable supply chain management, and the interconnections among innovation, industrial, financial, and talent chains.

Vasco Barroso Gonçalves

Vasco Barroso Gonçalves is an Assistant Professor at ISCTE – Instituto Universitário de Lisboa, Portugal. He holds a PhD in Management and specializes in uncertainty and risk management, sustainable finance, and public decision evaluation. His research focuses on sustainability, risk assessment, and economic decision-making, with publications in international academic journals.

Elizabeth Reis

Elizabeth Reis is a Full Professor at ISCTE – Instituto Universitário de Lisboa, Portugal, and a researcher at BRU-Iscte. She holds a PhD in Social Statistics from the University of Southampton. Her research focuses on multivariate statistics, research methodologies, survey methods, and data analysis applied to business and management.

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Published

2026-10-26

Issue

Vol. 22 No. 1 (2026): The Proceedings of the 22nd European Conference on Management Leadership and Governance (ECMLG 2026)

Section

PhD Papers