Government Digital Governance and Corporate Supply Chain Risk: Empirical Evidence from the “Internet Plus Government Services” Pilot Program
DOI:
https://doi.org/10.54097/z43mdn91Keywords:
Government Digital Governance, Corporate Supply Chain Risk, Investment in Innovation, Level of Information Transparency, Difference-in-DifferencesAbstract
Using a sample of Chinese A-share listed firms from 2012 to 2024, this study treats the “Internet Plus Government Services” pilot reform as a quasi-natural experiment and employs a difference-in-differences model to examine the effect of government digital governance on corporate supply chain risk. The results show that government digital governance significantly reduces corporate supply chain risk, and this finding remains robust after parallel trends tests, placebo tests, endogeneity analysis, and a series of robustness checks. The mechanism analysis suggests that government digital governance may reduce supply chain risk by promoting corporate innovation investment and improving information transparency. The heterogeneity analysis further shows that the risk-reducing effect is more evident among state-owned enterprises, non-high-tech firms, and firms with lower analyst attention. This study extends the literature on the microeconomic consequences of government digital governance and provides empirical evidence for advancing digital government development and strengthening corporate supply chain risk management.
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