Advances in Economics, Management and Political Sciences
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Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 57 , 05 January 2024
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Research on the Impact of Supply Chain Concentration, and Financial Flexibility on Corporate Innovation: An Empirical Study in the New Energy Industry
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Abstract
With the gradual formation of an international consensus on carbon peaking and neutrality, the new energy industry is a key focus for future development. Still, the industry also suffers from a fiercely competitive market environment. Therefore, the innovation performance of enterprises is crucial. This paper analyzes the impact of supply chain relationships and financial flexibility on corporate innovation from a resource-based viewpoint. Moreover, several variables are introduced to explore the optimal combination of innovation strategies. In the empirical part of the study, the study selects the panel data of listed companies in China’s new energy industry. The fuzzy set qualitative comparative analysis approach investigates how supply chain concentration, and financial flexibility affect corporate innovation. The study shows that: corporate cash is the main internal resource for R&D, industrial clusters facilitate the acquisition of external resources, and the configuration of the two can promote corporate innovation; debt and supply chain risk inhibit corporate.
Keywords
supply chain relationship, financial flexibility, innovation, fsQCA
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-205-3
- ISBN (Online)
- 978-1-83558-206-0
- Published Date
- 05 January 2024
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/57/20230698
- Copyright
- 05 January 2024
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited