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Supplier concentration, market power and R&D investment
Ist Teil von
Revista española de financiación y contabilidad, 2023-04, Vol.52 (2), p.264-293
Ort / Verlag
Abingdon: Routledge
Erscheinungsjahr
2023
Link zum Volltext
Quelle
Taylor & Francis Journals Auto-Holdings Collection
Beschreibungen/Notizen
This paper examines the relationship between supplier concentration and R&D investment of Chinese firms using the sample of all A-share listed companies on the Shanghai Stock Exchange and Shenzhen Stock Exchange from 2008 to 2015. Empirical results present the significant negative relationship between supplier concentration and firms' R&D expenditure. Further analysis indicates that the weaker the firm's market power, the stronger the negative impact of supplier concentration on the firm's R&D investment. This paper enriches corporate R&D investments, supply chains, and market power literature. As developing countries deepen their participation in global supply chain networks and transform through technological upgrading, the findings of this paper have important practical implications for developing country firms to overcome R&D resistance and for policymakers to lead industrial development.