Increase or decrease: Customer digital transformation and supplier cost stickiness

IF 4.8 2区 经济学 Q1 BUSINESS, FINANCE
Mengzhe Li , Siyuan Guo , Xizi Wang , Yingqi Liu
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引用次数: 0

Abstract

Customer digital transformation plays a crucial role in shaping supply chain management, particularly affecting the cost stickiness of supplier firms. By analyzing textual data from the top five customers of Chinese listed firms, this study investigates the impact of customer digital transformation on supplier cost stickiness. The findings demonstrate that the spillover effects of customer digital transformation substantially decrease supplier cost stickiness. This decrease is due to decreased adjustment costs, alleviated agency problems, and mitigated management optimism. Additionally, cross-sectional analysis reveals that these effects are more pronounced in suppliers with greater geographic distances from their customers, those within less competitive industries, and those audited by Non-Big Eight accounting firms. This research provides valuable insights for digital initiatives, supply chain management, and cost-related decision-making processes.

增加或减少:客户数字化转型与供应商成本粘性
客户数字化转型在供应链管理中发挥着至关重要的作用,尤其影响着供应商企业的成本粘性。本研究通过分析中国上市公司前五大客户的文本数据,探讨了客户数字化转型对供应商成本粘性的影响。研究结果表明,客户数字化转型的溢出效应大大降低了供应商的成本粘性。这种降低是由于调整成本的降低、代理问题的缓解以及管理层乐观情绪的缓和。此外,横截面分析表明,这些效应在与客户地理距离较远的供应商、竞争较弱行业的供应商以及接受非八大会计师事务所审计的供应商中更为明显。这项研究为数字化计划、供应链管理以及与成本相关的决策过程提供了宝贵的见解。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Pacific-Basin Finance Journal
Pacific-Basin Finance Journal BUSINESS, FINANCE-
CiteScore
6.80
自引率
6.50%
发文量
157
期刊介绍: The Pacific-Basin Finance Journal is aimed at providing a specialized forum for the publication of academic research on capital markets of the Asia-Pacific countries. Primary emphasis will be placed on the highest quality empirical and theoretical research in the following areas: • Market Micro-structure; • Investment and Portfolio Management; • Theories of Market Equilibrium; • Valuation of Financial and Real Assets; • Behavior of Asset Prices in Financial Sectors; • Normative Theory of Financial Management; • Capital Markets of Development; • Market Mechanisms.
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