Can Customer Digital Transformation Facilitate Supplier Innovation Disclosure?
A Double Peer Effect Perspective
DOI:
https://doi.org/10.54097/ch7p9082Keywords:
Digital transformation, Innovation disclosure, Information relief effect, Supply chain, Peer effectAbstract
Digital transformation is an important starting point to drive the high-quality cultivation of new-quality productivity, while supply chain is the key conduction mechanism of digitally empowered enterprise innovation. This paper utilizes the supply chain data of A-share listed companies from 2012 to 2022 to explore the impact of digital transformation of customer enterprises on the disclosure of supplier enterprises' innovation information from the perspective of direct and indirect peer effects, and to explore ways to break through the dilemma of enterprise innovation information. The study reveals that: (1) customer digital transformation significantly improves the level of supplier innovation information disclosure, which helps to alleviate the supplier innovation information dilemma; (2) Mechanism analysis shows that the supply chain information relief effect is mainly transmitted along the supply chain through two channels: the “direct peer effect” of customers' innovation information disclosure and the “indirect peer effect” of suppliers' digital transformation; (3) The heterogeneity test shows that the supply chain information relief effect of digital transformation is more significant when there are overlapping investment institutions, geographic proximity and closer cooperation between customers and suppliers. This paper provides a new perspective for understanding the impact of digital transformation and supply chain participation, and provides policy insights for cracking the enterprise innovation information dilemma and then realizing innovation development.
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