摘要
基于交易成本理论和资源依赖理论,通过沪深A股2302家上市公司的二手数据分析了供应链集中度对企业创新的直接作用以及外源融资在供应链集中度与企业创新之间的中介作用。研究发现,企业的供应商集中度和客户集中度对企业创新有显著的正向影响;债务融资在供应商集中度与企业创新之间的中介作用不显著,但在客户集中度与企业创新之间发挥了部分中介作用;股权融资在供应商集中度和客户集中度与企业创新之间发挥了部分中介作用。
Based on transaction cost theory and resource dependence theory,through the secondary data of 2302 Shanghai and Shenzhen A-share listed companies,the direct effect of supply chain concentration on corporate innovation and the intermediary role of external financing between supply chain concentration and corporate innovation are analyzed.The study found that a company’s supplier concentration and customer concentration have a significant positive impact on corporate innovation;debt financing has an insignificant intermediary effect between supplier concentration and corporate innovation,but it is in the relationship between customer concentration and corporate innovation.Part of the intermediary role has been played by equity financing;equity financing has played a part of the intermediary role between supplier concentration and customer concentration,and corporate innovation.
作者
热比亚·吐尔逊
杜兴歌
邵秀云
Rabia Turson;DU Xing-ge;SHAO Xiu-yun(Xinjiang University of Finance and Economics, Urumqi 830012,China)
出处
《山东工商学院学报》
2021年第6期43-57,75,共16页
Journal of Shandong Technology and Business University
基金
国家自然科学基金面上项目“基于供应链安全管理的食品企业质量信号与市场的匹配机制究”(71462029)
国家社科基金西部项目“嵌入式对新疆少数民族流动人口城市适应性的作用机制研究”(17XMZ093)。
关键词
供应商集中度
客户集中度
企业创新
债务融资
股权融资
supplier concentration
customer concentration
corporate innovation
debt financing
equity financing
