供应商竞争与企业创新:鹬蚌相争,渔翁得利?

Supplier Competition and Enterprise Innovation:“The Third Party Benefits From the Fight?”

以2012—2020年A股上市公司为样本,考察供应商之间的博弈竞争能否对下游企业的创新活动产生影响。研究发现,供应商竞争促进了企业创新。作用机制分析结果表明,供应商竞争通过缓解企业的经营风险、融资约束以及提高供应商的创新溢出提升了企业创新水平。进一步针对供应商以及企业两个层面的异质性检验发现,当高技术背景的供应商越多、供应商稳定性越高、企业产品市场竞争力越强以及企业披露供应商权益保护信息时,供应商竞争对企业创新的正向推动作用越明显。研究结论丰富了供应链关系的研究视角,为企业完善供应商选择机制、制定差异化供应商战略和提高自身创新能力提供了经验证据。

This paper takes A-share listed companies from 2012 to 2020 as samples to investigate whether the game competition among suppliers can influence the innovation activities of downstream enterprises.It is found that supplier competition promotes enterprise innovation.The results of mechanism analysis show that supplier competition improves enterprise innovation level by alleviating business risk,financing constraint and improving supplier innovation spillover.Further testing the heterogeneity of suppliers and enterprises shows that the more suppliers with high technology background,the higher the stability of suppliers,the stronger the product market competitiveness of enterprises and the disclosure of suppliers rights and interests protection information,the more obvious the positive promoting effect of supplier competition on enterprise innovation.The conclusions enrich the research perspective of supply chain relations,and provide empirical evidence for enterprises to improve supplier selection mechanism,develop differentiated supplier strategy and improve their own innovation ability.