The Asymmetric Effect of Digital Transformation on Supply Chain Output Fluctuation:A Study Based on Supply Chain Bargaining Power
The digital economy is reshaping company dominance in supply chains.Therefore,how the restructuring of supply chain relationships affects supply chain stability requires more in-depth study.This paper integrates data from listed companies,a digital transformation database,a supply chain database and an industrial companies database to study the impact of corporate digital transformation on upstream and downstream companies'output fluctuations in the supply chain,while exploring the mechanisms from the perspective of the supply chain bargaining power.The conclusions reached are as follows:(1)The digital transformation of central companies smooths out the output fluctuations of upstream suppliers but simultaneously exacerbates the output fluctuations of downstream customers,highlighting an asymmetric effect on the upstream and downstream companies'output fluctuations.(2)Enhancing supply chain dominance by central companies through digital transformation is an important mechanism that causes the already mentioned asymmetric effect.On the one hand,the increased dominance of central companies over upstream suppliers reinforces the competitive effects between suppliers and the selection effects on suitability among suppliers,thus reducing output fluctuations.On the other hand,the enhanced dominance of central companies over downstream customers increases customers'"exclusive dependence"on central companies,leading to customer output fluctuations.(3)Bridging the digital divide between suppliers/customers and central companies,strengthening national anti-monopoly supervision and improving corporate social responsibility all contribute to mitigating the asymmetric effect,whilst the market power of central companies reinforces the impact for upstream supplier.The asymmetric effect of digital transformation on output fluctuations is also more pronounced in the case of non-state-owned companies.
digital transformationsupply chain stabilityasymmetric effectsupply chain dominance
NETL
NSTL
万方数据
