Supply Chain Structure and R&D Investment:Promotion or Inhibition?
Based on the supply chain management theory,the data of A-share listed companies in China's sports manufacturing industry from 2012 to 2022 are adopted as research samples.This study makes an empirical analysis of the relationship between supply chain structure and research and development investment.The results show that the three key dimensions of supply chain structure(supplier concentration,customer concentration and supply chain concentration)have a negative impact on the research and development investment of enterprises.It is mainly reflected through the way of risk taking,rather than the traditional transaction cost path.In addi-tion,the heterogeneity results show that there is significant heterogeneity in the effect of supply chain structure on the research and development investment.Specifically,the influence of cus-tomer concentration on the research and development includes industry competition degree,market advantage position and systematic risk heterogeneity.The influence of supplier concen-tration on the research and development investment exhibits heterogeneity in terms of industry competition intensity and systematic risk.The influence of overall supplier concentration on the research and development investment exhibits heterogeneity in terms of market dominance.This not only reveals the influence mechanism of the research and development investment of sports manufacturing enterprises,but also provides valuable inspiration and suggestions for promoting the deep integration of innovation chain,industrial chain,capital chain and talent chain.
research and development investmentsupply chain structuretransaction costssystematic risk
万方数据
维普
