Can Supply Chain Digitization Promote Integration and Innovation among Enterprises on the Chain? A Quasi Natural Experiment Basedon Smart Supply Chain Policy

Abstract

Abstract: Integrated innovation is a new innovative approach that integrates digitization, networking, intelligence, and physical enterprises in the new situation. Currently, integration and innovation have become an important driving force for industrial transformation and upgrading, as well as high-quality economic development. Based on the data of A-share listed companies from 2013 to 2021, taking the supply chain innovation and application pilot work carried out by eight departments including the Ministry of Commerce in 2018 as a quasi natural experiment, this paper uses the PSM-DID method to investigate the impact of supply chain digitalization on the integration and innovation of the enterprises on the chain and its impact mechanism. The findings show that digitalization of the supply chain can reduce collaboration costs and strengthen knowledge flow, thereby promoting the integration and innovation among the supply chain enterprises. The heterogeneity analysis reveals that the higher the close relationship between the enterprises in the supply chain, the greater the strength of digital transformation of the enterprises, and the more significant the promotion of supply chain digitalization on the integration and innovation between enterprises on the chain will be.And the greater the protection of regional intellectual property rights, the more significant the promoting effect of supply chain digitization on the integration and innovation of enterprises on the chain will be. Therefore, it is necessary to increase the investment in the new infrastructures and fully leverage the demonstration and leading role of the pilot enterprises.The enterprises should strengthen the integrated application of digital technologies, such as the Internet of Things and Big data, in all the links of the supply chain, so as to better improve the level of integration and innovation between the enterprises on the supply chain.

Key words: supply chain digitization, integration and innovation, smart supply chain policy, collaboration costs, knowledge flow

CLC Number:

F272.3

HUANG Hong-bin, ZHANG Yue-yang, XU Chen-hui. Can Supply Chain Digitization Promote Integration and Innovation among Enterprises on the Chain? A Quasi Natural Experiment Basedon Smart Supply Chain Policy[J]. Contemporary Finance & Economics, 2023, 0(8): 145-156.

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