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How does digitalization of the supply chain accelerate the sustainable development of listed companies in the new energy sector?

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  • Guo, Lixing
  • Kuang, Zengjie

Abstract

This study, based on data from new energy-related listed companies from 2010 to 2023, quantifies the level of supply chain digitalization using text mining techniques and combines panel regression to reveal its impact on corporate sustainability performance. The study finds that supply chain digitalization becomes a core lever driving sustainable development by breaking the structural lock-in caused by excessive supplier concentration. Further analysis reveals that the effect of supply chain digitalization on sustainability is moderated by several factors: analyst tracking, executive stock incentives, and corporate green innovation capabilities all strengthen this positive effect. Notably, differences in industry characteristics and internal supply chain management levels lead to significant heterogeneity in the marginal contribution of supply chain digitalization to sustainable development.

Suggested Citation

  • 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).
    • Handle: RePEc:eee:reveco:v:103:y:2025:i:c:s1059056025006689
    DOI: 10.1016/j.iref.2025.104505
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    References listed on IDEAS

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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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    JEL classification:

    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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