Does supply chain concentration promote or inhibit corporate R&D investment?

被引：2
|
作者：
Zhao, Shukuan [1 ]
Fan, Xueyuan [1 ]
Shao, Dong [2 ]
Wang, Shuang [2 ]
机构：
[1] Jilin Univ, Changchun, Peoples R China
[2] Northeast Normal Univ, Changchun, Peoples R China
来源：
CHINESE MANAGEMENT STUDIES | 2025年 / 19卷 / 01期
基金：
中国国家自然科学基金;
关键词：
Supply chain; Innovation; Industry concentration; Financing constraints; Emerging market; CUSTOMER CONCENTRATION; INDUSTRY CONCENTRATION; OPEN INNOVATION; FIRMS; PERFORMANCE; PRODUCT; FINANCE; RISK; CONSTRAINTS; GOVERNANCE;
D O I：
10.1108/CMS-05-2023-0205
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
PurposeThis study aims to investigate the impact of supply chain concentration (SCC) on corporate research and development (R&D) investment and determine the moderating roles of industry concentration and financing constraints on the relationship between SCC and R&D investment.Design/methodology/approachThe study collected data from Chinese listed companies, used the fixed effects model to test the research hypotheses and further used the two-stage Heckman test and propensity score matching (PSM) to address potential endogeneity issues.FindingsThe result reveals a negative impact of SCC on corporate R&D investment. In addition, industry concentration mitigates the negative impact of SCC on corporate R&D investment, but financing constraints strengthen the negative impact.Originality/valueThis study introduces the concept of SCC and empirically tests its effect on R&D investment, further explaining the lack of corporate innovation. This study inspires companies to strengthen SC management and weigh the level of SCC with environmental factors.
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页码：1 / 22
页数：22
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