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Does supply chain voice influence firms’ investment preferences?

Author

Listed:
  • Yu, Ze
  • Zhao, Xiuli
  • Sun, Licheng

Abstract

Using data from Chinese A-share listed companies from 2012 to 2022, this study examines the influence of supply chain voice on firms’ investment preferences. Results reveal a notable increase in this influence, demonstrating how improving communication throughout the supply chain can encourage companies to participate actively in financial investments. Although increasing the supply chain's influence can boost actual investment levels, it cannot stop the process of corporate financialization, as demonstrated by the mechanism test results. Furthermore, the favorable impacts of the supply chain voice on companies’ investment preferences are attained through the cash flow mechanism.

Suggested Citation

  • Yu, Ze & Zhao, Xiuli & Sun, Licheng, 2024. "Does supply chain voice influence firms’ investment preferences?," Finance Research Letters, Elsevier, vol. 69(PA).
    • Handle: RePEc:eee:finlet:v:69:y:2024:i:pa:s1544612324010857
    DOI: 10.1016/j.frl.2024.106055
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    References listed on IDEAS

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    Cited by:

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    2. Song, Yuchen & Zhu, Mingqi & Wang, Ye, 2025. "Corporate financialization, digital transformation, and industrial supply chain resilience: Mechanisms based on R&D investment and financial regulation," International Review of Financial Analysis, Elsevier, vol. 102(C).
    3. Si, Yuxiu & Wu, Gongliang, 2025. "ESG rating disagreement and supply chain bargaining power: evidence from China," Finance Research Letters, Elsevier, vol. 83(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).

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