Supplier concentration and corporate innovation input
This paper studies the relationship between supplier concentration and corporate innovation input. The results show that a firm with a higher supplier concentration tends to have lower R&D investments and invention patents. Considering endogenous problems, this negative relationship is still...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Frontiers Media S.A.
2022-10-01
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| Series: | Frontiers in Psychology |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/fpsyg.2022.879706/full |
| _version_ | 1798030783773933568 |
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| author | Meifeng Zou Xindong Zhang |
| author_facet | Meifeng Zou Xindong Zhang |
| author_sort | Meifeng Zou |
| collection | DOAJ |
| description | This paper studies the relationship between supplier concentration and corporate innovation input. The results show that a firm with a higher supplier concentration tends to have lower R&D investments 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 a firm with higher supplier concentration is impaired risk-taking capacity and occupied resources by the big suppliers. 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 a high level of supplier concentration on corporate innovation. |
| first_indexed | 2024-04-11T19:46:55Z |
| format | Article |
| id | doaj.art-450098b2171242db9bc97ffc6238165f |
| institution | Directory Open Access Journal |
| issn | 1664-1078 |
| language | English |
| last_indexed | 2024-04-11T19:46:55Z |
| publishDate | 2022-10-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Psychology |
| spelling | doaj.art-450098b2171242db9bc97ffc6238165f2022-12-22T04:06:27ZengFrontiers Media S.A.Frontiers in Psychology1664-10782022-10-011310.3389/fpsyg.2022.879706879706Supplier concentration and corporate innovation inputMeifeng Zou0Xindong Zhang1Economic and Management College,Taiyuan University of Science and Technology, Taiyuan, ChinaEconomic and Management College, Shanxi University, Taiyuan, ChinaThis paper studies the relationship between supplier concentration and corporate innovation input. The results show that a firm with a higher supplier concentration tends to have lower R&D investments 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 a firm with higher supplier concentration is impaired risk-taking capacity and occupied resources by the big suppliers. 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 a high level of supplier concentration on corporate innovation.https://www.frontiersin.org/articles/10.3389/fpsyg.2022.879706/fullsupplier concentrationcorporate innovationrisk-takingresource occupiedbargaining power |
| spellingShingle | Meifeng Zou Xindong Zhang Supplier concentration and corporate innovation input Frontiers in Psychology supplier concentration corporate innovation risk-taking resource occupied bargaining power |
| title | Supplier concentration and corporate innovation input |
| title_full | Supplier concentration and corporate innovation input |
| title_fullStr | Supplier concentration and corporate innovation input |
| title_full_unstemmed | Supplier concentration and corporate innovation input |
| title_short | Supplier concentration and corporate innovation input |
| title_sort | supplier concentration and corporate innovation input |
| topic | supplier concentration corporate innovation risk-taking resource occupied bargaining power |
| url | https://www.frontiersin.org/articles/10.3389/fpsyg.2022.879706/full |
| work_keys_str_mv | AT meifengzou supplierconcentrationandcorporateinnovationinput AT xindongzhang supplierconcentrationandcorporateinnovationinput |