The Impact of Supply Chain Transparency on Corporate Financial Risk: A Regression Analysis Approach

With the globalization and the increasing complexity of supply chain management, the financial risks faced by enterprises show the characteristics of diversification and multi-level. Supply chain transparency is considered to be one of the important factors affecting the financial health of enterprises. Through regression analysis, this paper discusses the impact of supply chain transparency on enterprise financial risk. The results show that there is a significant negative correlation between supply chain transparency and enterprise financial risk. Every unit of supply chain transparency increases, the financial risk of the enterprise (measured by the financial leverage ratio) will be reduced by 0.280 units. The analysis shows that the stability of enterprise scale and capital structure also has a significant impact on financial risk. Larger enterprises usually face lower financial risk, while the instability of capital structure will aggravate financial risk. This finding provides important practical enlightenment for enterprises and policy makers, and shows that improving supply chain transparency and optimizing capital structure are effective ways to reduce financial risk.