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

被引：0

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 | 2024年

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.

引用

页数：22

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