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Supply chain disruption risk and corporate market position: An analysis from the perspective of internationalization

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  • Zhu, Quan
  • Luo, Jianghong

Abstract

Against the backdrop of rising global supply chain uncertainties, examining the mechanism through which supply chain disruption risk influences corporate market position holds significant theoretical and practical importance. Empirical evidence derived from Chinese firm data spanning 2005 to 2023 reveals that supply chain disruption risk can enhance a firm’s market position, suggesting that companies are able to transform risk perception and management capabilities into competitive advantages. Further analysis demonstrates that this positive effect is attenuated by a firm’s degree of internationalization. Heterogeneity analysis indicates the effect is more pronounced in non-high-tech industries. This study offers a theoretical foundation and practical insights for building sustainable competitive advantage through strategic risk management.

Suggested Citation

  • Zhu, Quan & Luo, Jianghong, 2026. "Supply chain disruption risk and corporate market position: An analysis from the perspective of internationalization," Finance Research Letters, Elsevier, vol. 89(C).
    • Handle: RePEc:eee:finlet:v:89:y:2026:i:c:s1544612325025656
    DOI: 10.1016/j.frl.2025.109316
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    1. Zhang, Jinfei, 2026. "Supply chain digitalization and disruption risk: The roles of resilience and financing constraints," Finance Research Letters, Elsevier, vol. 93(C).

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    Keywords

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    JEL classification:

    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration

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