How Does Trade Policy Uncertainty Affect Supply Chain Efficiency: A Case Study of Listed Companies of Chinese Port Industry

This paper uses a data sample from listed companies in the national port industry from 2007 to 2020 to systematically explore the impact of trade policy uncertainty on the supply chain efficiency of listed companies in the national port industry and its mechanism based on the events of Sino-US trade policy changes. It is found that the increase in trade policy uncertainty significantly reduces the enterprises' supply chain efficiency. The further influence channel test shows that the increase of trade policy uncertainty inhibits the improvement of enterprises' supply chain efficiency by reducing the export quantity and technological innovation channel of enterprises. From the perspective of trade policy changes, this paper provides a new explanation for understanding the dynamic changes in the supply chain efficiency of Chinese enterprises in recent years and enriches relevant research on evaluating the economic effects of trade policy uncertainty.