Research on the Impact of Supply Chain Dependence on Enterprise Performance: Based on the Perspective of Supply Chain Networks

Abstract

This article takes Chinese A-share listed companies in Shanghai and Shenzhen from 2009 to 2022 as the research object, and empirically tests the impact of supply chain dependence on corporate performance. It was found that supply chain dependence has a suppressive effect on short-term performance of enterprises, but an enhancing effect on long-term performance. Furthermore, both customer dependence and supplier dependence have different effects on corporate performance. Heterogeneity testing found that the impact of supply chain dependence on firm performance is more significant in non-state-owned enterprises and enterprises in western provinces and regions. Based on the lifecycle, the inhibitory effect of supply chain dependence on short-term performance is more significant in growing enterprises; The improvement of long-term performance is more effective in mature enterprises. Expansion testing found a non-linear U-shaped relationship between supply chain dependence and firm performance.