Supply chain finance (SCF) is an innovative solution dedicated to optimising financial flows in supply chains, and has drawn tremendous attention from academia and industry. Considering the ever-evolving nature of SCF, the existing literature reviews in this field are limited due to a lack of integration of recent findings. Motivated by the limitation, we attempt to fill this gap by investigating the novel achievements that have been reported in the current literature. By conducting a systematic literature review, we selected 99 qualified papers published between 2010 and the first quarter of 2021, and then used descriptive analysis to identify the literature characteristics, followed by in-depth content analysis. We synthesised nine research dimensions in the selected SCF literature. By virtue of comprehensive analysis, we illustrated the embedded mechanisms among all participants in SCF practices, updated the SCF research framework, summarised the most dominant methods applied in current research, made two classifications of the financial service providers (FSPs) and SCF instruments, and provided five future research directions. The significance of this paper lies in providing both a novel theoretical foundation for academic researchers and a practical guide for industrial practitioners.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.