Supplier change, market competition and enterprise innovation

Zu, Yafei; Zhang, Ruonan

doi:10.1108/ejim-09-2021-0480

Cited by 6 publications

(7 citation statements)

References 57 publications

(69 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The bargaining power of their suppliers and CMS customers is further enhanced. Because companies with high SCC face greater risks if their procurement and supply models are disrupted (Zu and Zhang, 2023). In this case, companies are more concerned about short-term benefits, such as changes in market share and declining performance, rather than long-term sustainable development.…”

Section: Moderating Role Of Industry Concentrationmentioning

confidence: 99%

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

Zhao,

Fan,

Shao

et al. 2024

CMS

View full text Add to dashboard Cite

Purpose This 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/approach The 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. Findings The 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/value This 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.

show abstract

Section: Moderating Role Of Industry Concentrationmentioning

confidence: 99%

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

Zhao,

Fan,

Shao

et al. 2024

CMS

View full text Add to dashboard Cite

show abstract

“…Improving national innovation quality starts with improving enterprise innovation quality. Enterprises are the main body of innovation, and improving the quality of enterprise innovation is of great significance in enhancing enterprise value and regional competitiveness (Zu and Zhang, 2021). At present, research on the influencing factors of enterprise innovation quality mainly covers executive experience (Song et al, 2022), government policies (Zhang and Zheng, 2018;Zhang, 2020b), political connections (Liu et al, 2021), production university-research cooperation , the geographical distribution of R&D (Lahiri, 2010), trade (Zheng et al, 2021), etc.…”

Section: Note(s)mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The impact of FDI technology spillover on the innovation quality of Chinese enterprises: a microperspective based on geographic proximity

Huang

Cao

2022

EJIM

View full text Add to dashboard Cite

PurposePrevious studies have reached inconsistent conclusions on foreign direct investment (FDI) technology spillovers and corporate innovation. The main purpose of this paper is to explore the technological spillover effects of FDI from the microperspective of firm linkages induced by geographic distance. Further analysis is conducted on the impact and mechanism of this spillover on the innovation quality of Chinese enterprises. The conclusions drawn from this paper can guide Chinese enterprises' foreign capital utilization and innovation strategy choices.Design/methodology/approachUsing the data of China's A-share listed companies from 2009 to 2019, this paper explores the role of FDI technology spillover in enterprise innovation quality through a two-way fixed-effect model. The robustness of the results is proven by substituting variables, adding industry fixed effects and excluding high-profit groups, and further using the two-stage least squares (2SLS) method to alleviate the empirical endogeneity problem.FindingsThese findings indicate that FDI technology spillover based on geographic proximity has a positive impact on the innovation quality of Chinese enterprises. However, there are different impacts for different types of enterprises. FDI technology spillover has a positive impact on the innovation quality of non-state-owned enterprises (non-SOEs) and small- and medium-sized enterprises (SMEs), while it has no effect on state-owned enterprises (SOEs) and large enterprises. The authors also find that the degree of financing constraints and R&D investment are important transmission mechanisms between FDI technology spillover and enterprise innovation quality.Research limitations/implicationsThis study ignores industry characteristics when considering foreign enterprises around Chinese enterprises. In fact, technology spillover effects differ across industries. When the authors matched microdata to regions, only the provincial level was considered. Therefore, there is still room for further research. In future research, the authors should consider industry characteristics and group foreign enterprises and Chinese enterprises in the same industry and in different industries to explore industry differences in technology spillover. In addition, when matching corporate data to regions, the authors can match to the city level and draw city-level conclusions.Practical implicationsThis study is different from previous studies that focus on the quantity of enterprise innovation or innovation output. The authors focus on the role of technological spillovers in the quality of Chinese enterprise innovation, enriching research in the field of enterprise innovation quality. In addition, the current FDI technology spillover indicators are technically difficult to measure at the micro level. The authors draw inspiration from the theory of the geographical structure of financial supply and combine the creation methods of macro and micro indicators in existing articles in other fields. The authors ingeniously construct a new FDI technical spillover indicator. This indicator combines the commonly used regional FDI technology spillover with the geographic proximity of enterprises at the microlevel by constructing an interaction term between the two. This indicator not only alleviates the endogeneity problem to a certain extent but also has implications for future research in the field of FDI technology spillovers at the micro level.Social implications(1) FDI technology spillovers are an effective way to improve the innovation quality of local enterprises, especially for non-SOEs and SMEs. Therefore, The authors suggest that in the context of dual circulation, the Chinese government should continue to open wider to the outside world and encourage foreign enterprises to invest in China. (2) In future development, managers of SOEs and large enterprises should create an innovation incentive mechanism. Moreover, they should change their vertical management structure and make full use of their policy advantages and budget advantages to increase innovation activities. In the process of acquiring technology spillovers, enterprises need to solve their own financing constraints.Originality/valueFirst, this study solves a technical problem. It is technically difficult to measure the current FDI technical spillover indicators at the micro level. This study innovatively constructs a new FDI technology spillover indicator that combines regional FDI technology spillovers with the microperspective of the geographical proximity of enterprises. This approach not only alleviates certain endogeneity problems in the empirical evidence but also enriches relevant research in the field of technology spillover. In addition, this study focuses on the impact and mechanism of this spillover, which addresses the current research gap among previous studies that mainly focus on innovation quantity and ignore innovation quality.

show abstract

“…W. Wang et al, 2022). In recent years, some new factors are focused on by literature, such as managerial ability (Salehi et al, 2018), supplier change (Zu & Zhang, 2022), digital economy (Li et al, 2022), executive shareholding (T. Wang &Cheng, 2022), intellectual and social capital (Salehi, Fahimi, et al, 2022), and top management team stability (Cao & Yu, 2023).…”

Section: Introductionmentioning

confidence: 99%

“…Studies on factors of enterprise innovation and the impact of equity structure on enterprise innovation are numerous (Gu et al, 2020;Kang et al, 2019; Z. W. . In recent years, some new factors are focused on by literature, such as managerial ability (Salehi et al, 2018), supplier change (Zu & Zhang, 2022), digital economy (Li et al, 2022), executive shareholding (T. Wang &Cheng, 2022), intellectual and social capital (Salehi, Fahimi, et al, 2022), and top management team stability (Cao & Yu, 2023). Salehi, Ammar Ajel, and Zimon (2022) point that the expertise of the board and audit committee have a positive correlation with financial reporting transparency; Salehi and Alkhyyoon (2022) find there is a positive relationship among managerial entrenchment, social responsibility disclosure, and social responsibility growth; These will improve enterprise innovation.…”

Section: Introductionmentioning

confidence: 99%

Heterogeneous Blockholders and Enterprise Innovation: Evidence From the Mixed-Ownership Reform in China

Xia,

Ling,

Liu

2023

SAGE Open

View full text Add to dashboard Cite

The mixed ownership reform of China is a kind of further partial privatization for the listed state-owned enterprises (SOEs), and an opportunity for non-state-owned enterprises (non-SOEs) to expand their commerce boundaries. The purpose of this paper is to investigate the effect of heterogeneous blockholders on corporate innovation. Spanning the analysis with listed companies in China from 2007 to 2017, we find that heterogeneous blockholders have a significant positive effect on enterprise innovation. Lowering agency costs and improving corporate innovation efficiency are the two plausible mechanisms. From further research, we find that compared with non-SOEs, the positive effect of heterogeneous blockholders on enterprise innovation is more pronounced for SOEs, and the effect is more positive with the improvement of relative power balance between heterogeneous blockholders. The paper sheds light on the innovation effects of mixed-ownership reform in emerging and transitioning countries. JEL Classification: G32, M13, D23, G34

show abstract

Supplier change, market competition and enterprise innovation

Cited by 6 publications

References 57 publications

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

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

The impact of FDI technology spillover on the innovation quality of Chinese enterprises: a microperspective based on geographic proximity

Heterogeneous Blockholders and Enterprise Innovation: Evidence From the Mixed-Ownership Reform in China

Contact Info

Product

Resources

About