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Supply chain innovation pilot policy and enterprise total factor productivity

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  • Zhang, Xinwei
  • Tian, Shaoying
  • Liu, Jun

Abstract

This paper takes the 2018 "Supply Chain Innovation and Application Pilot" policy as a quasi-natural experiment and selects data from Chinese A-share listed companies from 2013 to 2023. It employs the Difference-in-Differences (DID) method to empirically examine the policy's impact on firms' Total Factor Productivity (TFP). The study finds that: firstly, the policy significantly enhances firms' TFP; secondly, firms' organizational capabilities play a partial mediating role in the policy's impact, with pilot firms experiencing improved organizational coordination and resource allocation efficiency after policy implementation, thereby indirectly driving TFP growth; thirdly, the policy's promotional effect on TFP is significantly stronger for private firms than for state-owned firms.

Suggested Citation

  • Zhang, Xinwei & Tian, Shaoying & Liu, Jun, 2025. "Supply chain innovation pilot policy and enterprise total factor productivity," Finance Research Letters, Elsevier, vol. 86(PE).
    • Handle: RePEc:eee:finlet:v:86:y:2025:i:pe:s1544612325019683
    DOI: 10.1016/j.frl.2025.108714
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