Research on the Impact of Customer Digital Transformation on the Investment Efficiency of Supplier
To deeply explore the consequences of the firm's digital transformation,the perspective of supply chain cooperation is introduced,selecting annual data of Chinese listed firms from 2008 to 2020,and useing the panel regression model to test the impact of the customer's digital transformation on the supplier's investment efficiency and its underlying mechanisms.First,use text mining tools to calculate measurement indicators for digital transformation.Then,based on the sorted supplier-customer relationships,further examine the impact of the customer's digital transformation on the investment efficiency of related suppliers.It has found that,the digital transformation of the customer has a significant spillover effect,which can positively improve the investment efficiency of related suppliers,specifically by effectively alleviating insufficient investment.The conclusions still hold after a series of tests.It is found that the customer's digital transformation is through the diffusion mechanism of coordinated transformation(promoting the digital transformation of the supplier),and the low-cost negotiation and restraint mechanism(relieving the degree of information asymmetry between the partners),both of which contribute to improving the supplier's investment efficiency.The heterogeneity test finds that there is a certain structural heterogeneity in the digital spillover effect:when the supplier is a high-tech industry firm,the geographical distance between the supplier and the customer is closer,and the cooperative relationship between the two parties is more important,in.this case,the spillover effect of the customer's digital transformation on the supplier's investment efficiency is more obvious.The research has certain reference significance for exploring the consequences of the firm's digital transformation,effectively utilizing customer resources,and establishing positive cooperative relationships in the supply chain.The research provides clues to alleviate the current prominent contradiction between supply and demand,and the general excess capacity of firms,and also provides relevant inspiration for better driving of the firm's digital transformation.
digital transformationsupply chainspillover effectinvestment efficiencymechanism
万方数据
维普
