Supplier concentration and corporate innovation input

Frontiers in Psychology

article

Meifeng Zou¹  Xindong Zhang² 

[1] Economic and Management College,Taiyuan University of Science and Technology;Economic and Management College, Shanxi University

关键词: Supplier concentration;    Corporate innovation;    risk-taking;    resource occupied;    Bargaining power;   

DOI  :  10.3389/fpsyg.2022.879706

学科分类：社会科学、人文和艺术（综合）

来源: Frontiers

【 摘 要 】

We study the relationship between supplier concentration and corporate innovation: a firm with higher supplier concentration tends to lower R&D expenditure and invention patents. Considering endogenous problems, this negative relationship is still robust by using the instrumental variable regression and propensity score matching method. Mechanism analysis shows that supplier concentration affects corporate innovation through risk-taking channel, occupied resource channel, and bargaining power channel. Our evidence shows that a deeper exposure to a small set of large supplier bears negative consequences for the firm. This paper sheds new light on the dark side of high level of supplier concentration on corporate innovation.

【 授权许可】

CC BY