Vertical shareholding during supply chain shocks

Shunlan Fang and Rui-Zhong Zhang

Economics Letters, 2024, vol. 235, issue C

Abstract: The paper examines whether common ownership along supply chains (i.e., vertical shareholding) is associated with better firm performance during supply chain shock. We find that supplier-customer dyads with vertical shareholding report higher combined monthly returns since the outbreak of the COVID-19 pandemic. The dedicated common investors have the most positive effects, followed by the common quasi-indexers.

Keywords: COVID-19; Vertical shareholding; Supply chain shocks (search for similar items in EconPapers)
JEL-codes: G30 G32 G34 L14 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:235:y:2024:i:c:s0165176524000508

DOI: 10.1016/j.econlet.2024.111566

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