Abstract
Through literature analysis and expert interviews, 15 factors affecting the development of the supply chain finance industry were identified, and the ISM method was used to construct a hierarchical structure chart of the factors, so as to analyze the relationship between the upper and lower levels of the factors and the factors affecting the development of the supply chain finance, and then MICMAC was used to further analyze the driving force and dependence of the 15 factors. The results show that market price instability, market demand instability, improper behavior and cash flow fracture are the outermost influencing factors, which are highly dependent and vulnerable to other factors; However, the failure to adopt new production technologies, the unhealthy operation of enterprises, and the low business ability of enterprises are the deepest and most fundamental factors that affect the stability of supply chain finance. They are the innermost factors that drive the development of supply chain finance. This study takes the influencing factors of the development of the entire supply chain finance industry in China as the research object, and the research results have certain universality and dependence. When China’s supply chain finance is faced with development problems related to this study, it can provide the basis for reflection and solutions.
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