IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v63y2024ics1544612324004240.html

Supply chain concentration, industry concentration and enterprise innovation performance

Author

Listed:
  • Jiang, Mengting
  • Fang, Jian
  • Yang, Yuecheng
  • Yu, Chengzhi
  • Li, Jieyi

Abstract

This paper selects Chinese A-share-listed manufacturing enterprises as a sample from 2012–2022 to empirically analyse the relationship between supply chain concentration and corporate innovation performance. It is found that there is a significant negative correlation between supplier concentration and corporate innovation and a significant positive correlation between customer concentration and corporate innovation; industry concentration enhances the positive impact of customer concentration on corporate innovation performance; compared with state-owned enterprises, the relationship between supply chain concentration and corporate innovation performance is more significant in private enterprises.

Suggested Citation

  • Jiang, Mengting & Fang, Jian & Yang, Yuecheng & Yu, Chengzhi & Li, Jieyi, 2024. "Supply chain concentration, industry concentration and enterprise innovation performance," Finance Research Letters, Elsevier, vol. 63(C).
    • Handle: RePEc:eee:finlet:v:63:y:2024:i:c:s1544612324004240
    DOI: 10.1016/j.frl.2024.105394
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612324004240
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2024.105394?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Pan, Jianping & Yu, Manjiao & Liu, Jiayuan & Fan, Rui, 2020. "Customer concentration and corporate innovation: Evidence from China," The North American Journal of Economics and Finance, Elsevier, vol. 54(C).
    2. Chin, Tachia & Shi, Yi & Singh, Sanjay Kumar & Agbanyo, George Kwame & Ferraris, Alberto, 2022. "Leveraging blockchain technology for green innovation in ecosystem-based business models: A dynamic capability of values appropriation," Technological Forecasting and Social Change, Elsevier, vol. 183(C).
    3. Zhang, Jing A. & O'Kane, Conor & Chen, Guoquan, 2020. "Business ties, political ties, and innovation performance in Chinese industrial firms: The role of entrepreneurial orientation and environmental dynamism," Journal of Business Research, Elsevier, vol. 121(C), pages 254-267.
    4. Delgado, Mercedes & Mills, Karen G., 2020. "The supply chain economy: A new industry categorization for understanding innovation in services," Research Policy, Elsevier, vol. 49(8).
    5. Albis, Nadia & Álvarez, Isabel & García, Aura, 2021. "The impact of external, internal, and dual relational embeddedness on the innovation performance of foreign subsidiaries: Evidence from a developing country," Journal of International Management, Elsevier, vol. 27(4).
    6. Yuan, Xiaodong & Li, Xiaotao, 2021. "The evolution of the industrial value chain in China's high-speed rail driven by innovation policies: A patent analysis," Technological Forecasting and Social Change, Elsevier, vol. 172(C).
    7. Elisabetta Raguseo & Claudio Vitari & Federico Pigni, 2020. "Profiting from big data analytics: The moderating roles of industry concentration and firm size," Grenoble Ecole de Management (Post-Print) hal-03032504, HAL.
    8. Li, Xing & Guo, Yue & Hou, Jiani & Liu, Jun, 2021. "Human Capital Allocation and Enterprise Innovation Performance: An Example of China's Knowledge-Intensive Service Industry," Research in International Business and Finance, Elsevier, vol. 58(C).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zhang, Yuan & Li, Ying, 2025. "Enhancing innovation capabilities, digital management, and corporate competitiveness," Finance Research Letters, Elsevier, vol. 73(C).
    2. Jun Li & Xi chen & Chengyuan Wang & Ying Wang, 2025. "Centralization or decentralization? The effect of managerial ability on supply chain concentration," Annals of Operations Research, Springer, vol. 355(2), pages 2727-2748, December.
    3. Dai, Yufan & Kang, Suping & Liu, Wei, 2025. "Government open data and corporate supply chain concentration," International Review of Financial Analysis, Elsevier, vol. 102(C).
    4. Chen, Zhicheng & Wang, Heng & Wu, Qichun, 2025. "From data to decision: How supply chain network restructuring resolves cost stickiness?," Finance Research Letters, Elsevier, vol. 86(PA).
    5. Liu, Taixing & Yin, Zhichao & Fan, Miaomiao & Korkmaz, Aslihan Gizem & Yue, Pengpeng, 2024. "Green Credit Policy and asset-debt maturity mismatch in highly polluting enterprises: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 83(C), pages 946-965.
    6. Tu, Yubo & Hu, Lingyu & Hua, Xianglu & Li, Haohui, 2025. "Supply chain stability and corporate green technology innovation," International Review of Economics & Finance, Elsevier, vol. 97(C).
    7. Ren, Baoping & Qiu, Zhaoxuan & Liu, Bei, 2025. "Supply chain decarbonisation effects of artificial Intelligence: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 101(C).
    8. Zhao, Yiran & Wu, Wei & Shen, Zhongqi & Ji, Zheng, 2025. "Supply chain transparency and firm performance: the role of customer trust," Finance Research Letters, Elsevier, vol. 85(PA).
    9. Fan, Jing & Qin, Chuan & Jing, Huiting, 2025. "Credit constraints in business networks: Impact of supply chain linkages and financial uncertainty," Finance Research Letters, Elsevier, vol. 85(PE).
    10. Chai, Limeng & Lai, Kee-hung & Zong, Longyu, 2025. "How digital transformation enhances supply chain transparency? Based on the perspective of information improvement and resource optimization," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 201(C).
    11. Ding, Wenfu & Wang, Lingzhi & Tian, Gaoliang, 2026. "Social credit system implementation and supply chain decision-making: Disclosure and real effect," Economic Modelling, Elsevier, vol. 154(C).
    12. Guo, Lixing & Kuang, Zengjie, 2025. "How does digitalization of the supply chain accelerate the sustainable development of listed companies in the new energy sector?," International Review of Economics & Finance, Elsevier, vol. 103(C).
    13. Dong, Feng & Zhao, Xu & Mangla, Sachin Kumar & Song, Malin, 2025. "Enhanced supply chain resilience under geopolitical risks: The role of artificial intelligence," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 202(C).
    14. He, Chen & Peng, Bo & Dong, Yahao & Deng, Bofu, 2025. "The dual effects of supplier stability on corporate innovation: A path dependence perspective," International Review of Financial Analysis, Elsevier, vol. 106(C).
    15. Cao, Qinwei & Qian, Yu & Zhong, LinFeng & Meng, Qiaoyu, 2026. "Dual regulatory mechanisms and boundary conditions of digital transformation on open innovation: A supply chain dynamic characteristics perspective," Technology in Society, Elsevier, vol. 84(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tao, Miaomiao & Wu, Sihong, 2025. "From polluter pays to polluter reborn: Exploring the economic and green implications of corporate carbon risk exposure," Energy Economics, Elsevier, vol. 144(C).
    2. Xu, Yibin & Chen, Zhibin & Fan, Rui, 2023. "Highly skilled foreign labor introduction policies and corporate innovation: Evidence from a natural experiment in China," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 137-156.
    3. Chang, Zhenghao & Zhou, Hang & Ruan, Mengyu & Li, Qin, 2025. "When major customers matter: customer concentration and ESG rating disagreement," Journal of Contemporary Accounting and Economics, Elsevier, vol. 21(3).
    4. Nadia Zahoor & Huda Khan & Zaheer Khan & Pervaiz Akhtar, 2024. "Responsible innovation in emerging markets’ SMEs: The role of alliance learning and absorptive capacity," Asia Pacific Journal of Management, Springer, vol. 41(3), pages 1175-1209, September.
    5. Kalaivani Jayaraman & Sreenivasan Jayashree & Magiswary Dorasamy, 2023. "The Effects of Green Innovations in Organizations: Influence of Stakeholders," Sustainability, MDPI, vol. 15(2), pages 1-13, January.
    6. Ge Zhang & Yuxiang Gao & Gaoyong Li, 2023. "Research on Digital Transformation and Green Technology Innovation—Evidence from China’s Listed Manufacturing Enterprises," Sustainability, MDPI, vol. 15(8), pages 1-23, April.
    7. Hege, Ulrich & Li, Kai & Zhang, Yifei, 2025. "Climate Innovation and Carbon Emissions: Evidence from Supply Chain Networks," TSE Working Papers 25-1608, Toulouse School of Economics (TSE).
    8. Zhang, Xuehua & Zhong, Yun & Liu, Zhenyu & Zhuo, Ye, 2025. "Does dialect similarity affect customer stability: Evidence from corporate trust and friction," International Review of Financial Analysis, Elsevier, vol. 105(C).
    9. Ma, Defang & Xie, Yuze & Wang, Mengkai & Peng, Ting & Ding, Jiahui, 2025. "The impact of new quality productivity on sustainable development performance," International Review of Economics & Finance, Elsevier, vol. 102(C).
    10. Fan, Rui & Ma, Lijun & Pan, Jianping & Yin, Sirui & Gao, Hao, 2022. "Financial institution shareholding and corporate innovation: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 80(C), pages 835-856.
    11. Conroy, Kieran M. & Jacobs, Simon & Liu, Yang, 2023. "The dual knowledge role of open innovation intermediaries: Internal weaving and external filtering for MNE subsidiaries," Technovation, Elsevier, vol. 123(C).
    12. Francesco Chirico & Kimberly A. Eddleston & Pankaj C. Patel, 2025. "Does it Pay to Patent Green Innovations? Stock Market Reactions to Family and Nonfamily Firms’ Green Patents," Journal of Business Ethics, Springer, vol. 198(4), pages 947-970, May.
    13. Hongda Liu & Haifeng Zhao, 2022. "Upgrading models, evolutionary mechanisms and vertical cases of service-oriented manufacturing in SVC leading enterprises: Product-development and service-innovation for industry 4.0," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 9(1), pages 1-24, December.
    14. Long Xu & Yunsheng Zhou & Liang Chen, 2024. "Digital Transformation and Breakthrough Innovation in Chinese Manufacturing Firms: Based on Ability-Motivation-Opportunity (AMO) Framework of Human Capital," SAGE Open, , vol. 14(3), pages 21582440241, July.
    15. Nastaran Simarasl & Tchijica Henriques & Franz W. Kellermanns, 2026. "Uncovering the institutional antecedents of entrepreneurial orientation in necessity entrepreneurship: Evidence from rural Angola," International Entrepreneurship and Management Journal, Springer, vol. 22(1), pages 1-33, March.
    16. MingCan JI & Xing Zhang, 2024. "RETRACTED ARTICLE: Assessing the Impacts and Mechanisms of Green Bond Financing on the Enhancement of Green Management and Technological Innovation in Environmental Conservation Enterprises," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 12709-12750, September.
    17. Li, Wenchang & Yang, Weiqing & Zhou, Zhongsheng & Wu, Shuijuan & Mo, Changwei, 2025. "Analyzing the game pricing mechanism of data assets: Theoretical evidence considering market structure and competitive characteristics," International Review of Economics & Finance, Elsevier, vol. 99(C).
    18. Kalathil, Nikhil & Lanahan, Lauren & Feldman, Maryann & Fuchs, Erica R.H, 2025. "Varieties of agglomeration: Disentangling horizontal and vertical agglomeration within the manufacturing sector in the United States," Research Policy, Elsevier, vol. 54(7).
    19. Li, Yingbo & Wei, Yigang & Li, Yan & Lei, Zhen & Ceriani, Alessandra, 2022. "Connecting emerging industry and regional innovation system: Linkages, effect and paradigm in China," Technovation, Elsevier, vol. 111(C).
    20. Mark Rodgers & Sayan Mukherjee & Benjamin Melamed & Alok Baveja & Ajai Kapoor, 2024. "Solving business problems: the business-driven data-supported process," Annals of Operations Research, Springer, vol. 332(1), pages 705-741, January.

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:63:y:2024:i:c:s1544612324004240. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.