Challenges to corporate supply chain stability under the trend of expert power concentration

Hong Jin

International Review of Financial Analysis, 2025, vol. 97, issue C

Abstract: Drawing upon a comprehensive dataset spanning from 2012 to 2022, encompassing China's A-share listed companies, this study delves into the intricate relationship between fluctuations in directors' power concentration and the stability of corporate supply chains. Our findings reveal a salient trend: heightened concentration of directors' expert power negatively impacts the resilience of supply chains within these firms. Notably, this inhibitory effect is exacerbated in enterprises harboring ambitious business expectations. Furthermore, the intensification of expert power concentration is observed to deteriorate the quality of corporate disclosures, thereby indirectly undermining supply chain stability. Concurrently, an excessive concentration of expert power within the boardroom undermines the internal governance capabilities of the firm, exacerbating the adverse consequences on supply chain stability.

Keywords: Director power concentration; Expert power; Supply chain stability; Business expectations (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S105752192400752X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finana:v:97:y:2025:i:c:s105752192400752x

DOI: 10.1016/j.irfa.2024.103820

Access Statistics for this article

International Review of Financial Analysis is currently edited by B.M. Lucey

More articles in International Review of Financial Analysis from Elsevier
Bibliographic data for series maintained by Catherine Liu ().