IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v85y2025ipes1544612325015314.html

Can advantageous supply chain cost-sharing capability accelerate enterprises' internationalization?

Author

Listed:
  • Cao, Mengqi
  • Li, Yandong
  • Chen, Liang

Abstract

This study demonstrates that enhanced supply chain cost-sharing capabilities catalyze accelerating firm internationalization, effectively transforming cost burdens into strategic facilitators of global market expansion. Rooted in the amalgamation of the Resource-Based View, Transaction Cost Economics, and Network Theory, the study demonstrates that firms possessing advanced cost-sharing capabilities overcome the dual challenges of financing limitations and operational inflexibility that typically hinder cross-border enterprises, thereby accelerating international progress. The paper identifies two self-reinforcing mechanisms: the alleviation of financial restrictions through improved liquidity and creditworthiness and the enhancement of supply chain resilience via adaptive risk management, which converts cost-sharing from an operational strategy into a dynamic capacity. These findings require a fundamental transformation in academic discussion and management practices, establishing strategic cost collaboration as essential for sustainable global integration during periods of significant change.

Suggested Citation

  • Cao, Mengqi & Li, Yandong & Chen, Liang, 2025. "Can advantageous supply chain cost-sharing capability accelerate enterprises' internationalization?," Finance Research Letters, Elsevier, vol. 85(PE).
    • Handle: RePEc:eee:finlet:v:85:y:2025:i:pe:s1544612325015314
    DOI: 10.1016/j.frl.2025.108277
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612325015314
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2025.108277?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. Ascari, Guido & Bonam, Dennis & Smadu, Andra, 2024. "Global supply chain pressures, inflation, and implications for monetary policy," Journal of International Money and Finance, Elsevier, vol. 142(C).
    2. Shafique, Muhammad Noman & Yeo, Sook Fern & Tan, Cheng Ling, 2024. "Roles of top management support and compatibility in big data predictive analytics for supply chain collaboration and supply chain performance," Technological Forecasting and Social Change, Elsevier, vol. 199(C).
    3. Mao, Jinzhou & Yang, Siying, 2024. "Changes in supply chain relationships and the enterprise internationalization process," Research in International Business and Finance, Elsevier, vol. 67(PB).
    4. Tan, Yafei & Zhu, Zhaohui, 2024. "The internationalization of capital market and corporate innovation capabilities: A quasi-natural experiment on the inclusion of China's A-shares in the MSCI index," International Review of Economics & Finance, Elsevier, vol. 93(PA), pages 1021-1038.
    5. Li, Huxing & Cai, Cen & Ge, Ji & Guo, Jingyi, 2024. "Board internationalization, market competition, and corporate digital transformation," International Review of Economics & Finance, Elsevier, vol. 96(PA).
    6. Fu, Yanyu, 2024. "Enterprises’ internationalization, R&D investment and enterprise performance," Finance Research Letters, Elsevier, vol. 67(PA).
    7. Lu, Gang & Miao, Yutian & Liu, Siyan & Wang, Jing, 2025. "Acceleration or deceleration? The impact of trade digitization on the speed of enterprise internationalization," Finance Research Letters, Elsevier, vol. 72(C).
    8. Cai, Junjie & Sharkawi, Ismawati & Taasim, Shairil Izwan, 2024. "How does digital transformation promote supply chain diversification? From the perspective of supply chain transaction costs," Finance Research Letters, Elsevier, vol. 63(C).
    9. Lin, Jing & Cao, Xiyang & Dong, Xiaoqi & An, Yunbi, 2024. "Environmental regulations, supply chain relationships, and green technological innovation," Journal of Corporate Finance, Elsevier, vol. 88(C).
    10. Jiang, Yiyun & Wang, Xiufeng, 2024. "Digital transformation, innovation capability and speed of internationalization," Finance Research Letters, Elsevier, vol. 67(PA).
    11. Song, Yuegang & Wang, Ziqi & Song, Changqing & Wang, Jianhua & Liu, Rong, 2024. "Impact of artificial intelligence on renewable energy supply chain vulnerability: Evidence from 61 countries," Energy Economics, Elsevier, vol. 131(C).
    12. Ye, Xiang & Yue, Pengpeng, 2024. "What matters to reshaping consumption patterns in China? Digital inclusion and supply chain," Finance Research Letters, Elsevier, vol. 59(C).
    13. Fu, Yanan & Wu, Xiaobo & Wang, Zhen, 2024. "Internationalization rhythm and innovation performance: The effects of internationalization speed, organizational slack, and competitive intensity," International Business Review, Elsevier, vol. 33(4).
    14. Bian, Jingjing & Li, Pengyang & Ren, Fengjiao & Li, Wen, 2024. "Internationalization of family business and innovation investment: An executive incentive-based perspective," Finance Research Letters, Elsevier, vol. 63(C).
    15. Surucu-Balci, Ebru & Iris, Çağatay & Balci, Gökcay, 2024. "Digital information in maritime supply chains with blockchain and cloud platforms: Supply chain capabilities, barriers, and research opportunities," Technological Forecasting and Social Change, Elsevier, vol. 198(C).
    16. Shruti Agrawal & Rohit Agrawal & Anil Kumar & Sunil Luthra & Jose Arturo Garza-Reyes, 2024. "Can industry 5.0 technologies overcome supply chain disruptions?—a perspective study on pandemics, war, and climate change issues," Operations Management Research, Springer, vol. 17(2), pages 453-468, June.
    Full references (including those not matched with items on IDEAS)

    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. Sun, Xiao & Sun, Honghai, 2025. "Can CEOs' overseas background facilitates enterprise internationalization breadth?," Finance Research Letters, Elsevier, vol. 86(PB).
    2. Xu, Jing & Wu, Xianming & Bu, Xuelin, 2025. "Nonlinear effects of firm internationalization on the maturity mismatch: Evidence from China," Finance Research Letters, Elsevier, vol. 85(PA).
    3. Yaru Li & Qifan Zhang, 2024. "Corporate Digital Transformation and the Internationalization of R&D," Sustainability, MDPI, vol. 16(21), pages 1-20, October.
    4. Xu, Chongchong & Du, Anna Min & Lin, Boqiang, 2025. "Robot adoption and corporate supply chain efficiency: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 94(C).
    5. Huo, Xiuzhen & Liu, Lingfang, 2025. "Industrial convergence, market structure, and consumption upgrading," International Review of Economics & Finance, Elsevier, vol. 103(C).
    6. Xu, Jiamin, 2025. "Does managerial myopia impede corporate internationalization?," International Review of Economics & Finance, Elsevier, vol. 103(C).
    7. Wang, Chen & Feng, Chunyuan, 2025. "Digital technology and degree of internationalization – The mediating role of supply chain concentration," Finance Research Letters, Elsevier, vol. 85(PA).
    8. Zhang, Yuan & Li, Ying, 2025. "Enhancing innovation capabilities, digital management, and corporate competitiveness," Finance Research Letters, Elsevier, vol. 73(C).
    9. Chai, Haochen & Wang, Yunjing, 2026. "China–US relations and overseas capital allocation of chinese firms," Finance Research Letters, Elsevier, vol. 93(C).
    10. Gan, Zhongxin & Yusupov, Nurmukhammad, 2025. "Supply chain ESG and green innovation at midstream firms: An integrated approach with both supplier and buyer sides," Research in International Business and Finance, Elsevier, vol. 78(C).
    11. Ullah, Assad & Bouri, Elie & Bukhari, Azaz Ali Ather & Bukhari, Waqar Ali Ather, 2025. "Global supply chain pressure and Chinese business and consumer confidence," Research in International Business and Finance, Elsevier, vol. 77(PB).
    12. Zhang, Hengfeng & Wu, Jing, 2025. "How ESG performance aspiration gap affect the supply chain stability?," Finance Research Letters, Elsevier, vol. 86(PA).
    13. Rehman, Anisur & Behera, Rajat Kumar & Islam, Md Saiful & Elahi, Yasir Arafat & Abbasi, Faraz Ahmad & Imtiaz, Asma, 2024. "Drivers of metaverse adoption for enhancing marketing capabilities of retail SMEs," Technology in Society, Elsevier, vol. 79(C).
    14. Leonor Coutinho & Mirko Licchetta, 2025. "Inflation Differentials in the Euro Area at the Time of High Energy Prices," Open Economies Review, Springer, vol. 36(5), pages 1463-1497, November.
    15. Zhou, Youcheng & Li, Bingchen & Zhao, Mengqi, 2025. "Asymmetric association between supply chain bottlenecks and consumer energy prices: Evidence from quantile-on-quantile approach," Energy Economics, Elsevier, vol. 147(C).
    16. Qiao, Penghua & Qiu, Kaizhong & Fung, Anna & Yau, Jot & Fung, Hung-Gay, 2025. "Exploring the linkage between smart manufacturing technology and outward foreign direct investment in the new digital information age," Research in International Business and Finance, Elsevier, vol. 79(C).
    17. Tang, Chaoli & Dong, Shuyun & Zhou, Rui, 2025. "The impact of digitalization on corporate resilience," International Review of Economics & Finance, Elsevier, vol. 97(C).
    18. Wang, Lisha & Pan, Minjie & Qian, Xinlei & Lv, Kangjuan, 2025. "Do specialized courts matter? Environmental judiciary and corporate emissions in China," Energy Policy, Elsevier, vol. 199(C).
    19. Ning, Jiajun & Xiong, Lixin & Shao, Changhua, 2025. "Dynamic evolution analysis of enterprises digital technology innovation strategies in energy supply chain collaboration: A bargaining theory perspective," Energy Economics, Elsevier, vol. 151(C).
    20. Xu, Zhiyi & Yang, Jindi, 2025. "Impact of digital finance on rural industry revitalization," International Review of Economics & Finance, Elsevier, vol. 97(C).

    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:85:y:2025:i:pe:s1544612325015314. 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.