The Impact of Supply Chain Concentration on Innovation in Pharmaceutical Manufacturing Firms:Moderating Role of Market Position
In an era of economic globalisation,innovation is not only a key route to business success,but also vital to societal growth.Based on a sample of A-share listed companies in China's pharmaceutical manufacturing industry from 2015 to 2022,a multiple linear regression model was used to empirically investigate the impact of supply chain concentration on corporate innovation,while market position was added as a moderating variable to the model to deeply explore the moderating role of market position in it.The study shows that both upstream and downstream supply chain concentration and corporate inno-vation capability are negatively correlated,in other words,higher supplier and customer concentration leads to lower firms'ability to innovate,However,market position has a significant positive modera-ting effect on the relationship.The study's findings contribute to the validation of the variables influen-cing firm innovation from the standpoint of supply chain concentration.They also offer a theoretical foundation and useful insights into how businesses can control supply chain concentration in accordance with their particular market position to foster innovation.