管理评论 ›› 2023, Vol. 35 ›› Issue (7): 266-280.

• 物流与供应链管理 • 上一篇    下一篇

兼听则明,偏信则暗——供应链网络中心性与企业风险承担

吕可夫1, 于明洋1, 阮永平2   

  1. 1. 厦门大学管理学院, 厦门 361005;
    2. 华东理工大学商学院, 上海 200237
  • 收稿日期:2021-11-29 出版日期:2023-07-28 发布日期:2023-08-24
  • 通讯作者: 于明洋(通讯作者),厦门大学管理学院博士研究生
  • 作者简介:吕可夫,厦门大学管理学院博士研究生;阮永平,华东理工大学商学院教授。
  • 基金资助:
    国家自然科学基金面上项目(71672057);国家自然科学基金青年项目(71702104)。

If You Listen to Both Sides, You will Be Wise——Supply Chain Network Centrality and Enterprise Risk-taking

Lv Kefu1, Yu Mingyang1, Ruan Yongping2   

  1. 1. School of Management, Xiamen University, Xiamen 361005;
    2. School of Business, East China University of Science and Technology, Shanghai 200237
  • Received:2021-11-29 Online:2023-07-28 Published:2023-08-24

摘要: 供应链网络作为企业所处社会网络的重要组成之一,会对企业日常经营活动以及战略决策产生至关重要的影响。本文以2004-2019年非金融类A股上市公司为样本,基于上市公司前五大供应商和客户的信息构建供应链网络,使用网络中心性指标刻画企业所处的供应链网络位置特征,考察供应链网络中心性对企业风险承担的影响。研究结果表明,当公司越处于供应链网络的中心位置,风险承担水平越高,这主要是因为:供应链网络中心位置能够促进企业与上下游企业的信息、资源流通共享,充分发挥"兼听则明"的指导作用。机制检验发现,供应链网络中心性主要是通过提升企业的信息和资源获取能力来提高风险承担水平。经济后果检验发现,处于供应链网络中心位置所具有的信息和资源优势有助于帮助企业形成差异化竞争战略并提升企业创新能力。本文不仅丰富了关于供应链网络位置特征、企业风险承担两个领域的文献,而且对企业从供应链网络位置层面寻求增长动力,实现高质量发展具有积极的实践意义。

关键词: 供应链网络中心性, 风险承担, 信息不对称, 竞争战略, 创新能力

Abstract: As an important part of the social network, supply chain network will have an important impact on a company' s production and operation and strategic decision-making. This paper takes the non-financial A-share listed companies from 2004 to 2019 as the research sample, builds a supply chain network based on the top five suppliers and customer information of listed companies, uses the network centrality index to describe the location characteristics of the supply chain network where the company is located, and examines the impact of supply chain network centrality on company's risk-taking. The research results show that the closer a company is to the center of the supply chain network, the higher level of risk it will take. This is mainly because the central position of the supply chain network can promote the sharing of information and resources between the company and upstream and downstream enterprises. The mechanism test finds that the centrality of supply chain network mainly improves the level of risk-taking by improving the ability of companies to obtain information and resources. The economic consequence test finds that the information and resource advantages in the center of the supply chain network help enterprises form differentiated competitive strategies and improve their innovation ability. This paper not only enriches the literature in the two fields of supply network location characteristics and company's risk-taking, but also has positive practical significance for companies to seek growth power and realize high-quality development from the location of supply chain network.

Key words: supply chain network centrality, risk-taking, information asymmetry, competitive strategy, innovation ability