Supply chain stability: A study on the enabling effect of state-owned capital
Runji Guan, Guangsi Zhang, Feifei Han, Xian Chen

TL;DR
This study explores how state-owned capital improves supply chain stability in private enterprises, especially those with weaker relationships and internal controls.
Contribution
The paper empirically identifies how state-owned capital enhances supply chain stability through resource enabling and governance optimization.
Findings
State-owned capital participation significantly improves supply chain stability in private enterprises.
The positive effect is stronger for firms with weaker bank-enterprise relationships and lower product competitiveness.
State-owned capital influences private enterprises via resource enabling and internal governance optimization.
Abstract
Enhancing the resilience and security of industrial and supply chains is a key initiative to drive high-quality development of the real economy, yet the role of state-owned capital participation in this context remains insufficiently understood. This study empirically investigates how state-owned capital involvement affects the supply chain stability of private enterprises, addressing a significant gap in the literature on state-owned capital’s impact on supply chain management. Drawing on data from Chinese A-share-listed private enterprises spanning 2013–2022, this study adopts an empirical research design grounded in empowerment theory to construct models that assess the effect of state-owned capital participation on supply chain stability. Mechanism tests and heterogeneity analyses are conducted to identify mediating pathways and boundary conditions. The results suggest that…
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Taxonomy
TopicsSupply Chain Resilience and Risk Management · COVID-19 Pandemic Impacts · Supply Chain and Inventory Management
