How does digitalization of the supply chain accelerate the sustainable development of listed companies in the new energy sector?
Lixing Guo and
Zengjie Kuang
International Review of Economics & Finance, 2025, vol. 103, issue C
Abstract:
This study, based on data from new energy-related listed companies from 2010 to 2023, quantifies the level of supply chain digitalization using text mining techniques and combines panel regression to reveal its impact on corporate sustainability performance. The study finds that supply chain digitalization becomes a core lever driving sustainable development by breaking the structural lock-in caused by excessive supplier concentration. Further analysis reveals that the effect of supply chain digitalization on sustainability is moderated by several factors: analyst tracking, executive stock incentives, and corporate green innovation capabilities all strengthen this positive effect. Notably, differences in industry characteristics and internal supply chain management levels lead to significant heterogeneity in the marginal contribution of supply chain digitalization to sustainable development.
Keywords: Supply chain digitalization; Sustainable development of new energy firms; Analyst coverage; Executive equity incentives; Supplier concentration; Green innovation capabilities (search for similar items in EconPapers)
JEL-codes: D23 G38 L23 O32 Q56 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:103:y:2025:i:c:s1059056025006689
DOI: 10.1016/j.iref.2025.104505
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