Supply Chain Concentration,Enterprise Nature And Enterprise R&D Investment

In order to adapt to the era of economic globalization and implement the development strategy of a strong country in science and technology,manufacturing enterprises,as important economic entities in China,should vigorously promote their innovation activities,strengthen their core competitive advantages to change their position at the low end of the value chain.At present,there is still a large gap between developed countries and our country,the high-end products are lacking.Nowadays,more and more companies are inclined to establish stable cooperative relationships with upstream and downstream enterprises in the supply chain to reduce production costs in order to face the fierce market competition environment.But few companies consider the supply chain relationship established with upstream and downstream enterprises and the impact of corporate innovation activities.Many studies have shown that the supply chain relationship will have an important impact on the company's operating activities and business performance.Therefore,this article intends to study the impact of the upstream and downstream companies in the supply chain on the innovation activities of the company from the perspective of supply chain management and to help companies know more about the impact of customers and suppliers on the company's business strategy,while helping companies do well in supply chain management to promote their R&D activities,improve their technological innovation capabilities,and enable companies to maintain their core competition when facing market competition force.At present,some scholars have pay attention to the relationship between the concentration of supply chain and enterprise R&D investment,but related literature research is still few.This article uses empirical analysis to explore the relationship between the concentration of supply chain and the R&D investment of enterprises,and the mechanism of the relationship between the nature of property rights and the relationship between the two.Taking China's computer,communications and other electronic equipment manufacturing enterprises as research samples,using Excel and SPSS to perform data processing and regression analysis on data collected from 2012-2018 of A-share listed companies,and it constructs a multiple regression model,and conducts empirical tests on research hypotheses.Research shows that customer concentration and supplier concentration are significantly negatively related to enterprise R&D investment,that is,excessive supply chain concentration has a certain inhibitory effect on the R&D activities.In view of the nature of property rights,the non-state-owned enterprise customers on the R&D investment of enterprises is more obvious,while the concentration of state-owned enterprise suppliers on the R&D investment of enterprises is more obvious.This article explores the influencing factors that affect the R&D investment of enterprises from the perspective of supply chain,and the research conclusions have certain theoretical reference significance for the supply chain management and innovation activities of enterprises with different property rights.Based on the research conclusions,this article puts forward some policy and management suggestions:(1)The government should actively improve the financial system and expand financing channels for innovative activities of small and mediumsized private enterprises.Enterprises with high concentration in the supply chain,especially non-state-owned enterprises,need to hold more cash to deal with uncertainty and risks.If the external financing channel of the financial market can provide lower financing costs,it can ease the enterprise to a certain extent Financing pressure.(2)Enterprises should strategically attach importance to the important role of supply chain management,establish upstream and downstream relationships suitable for the enterprise itself,and maintain an appropriate number of customers and suppliers.For manufacturing enterprises of different sizes and different nature,enterprises must keep the number of upstream and downstream cooperative enterprises in line with their own conditions,and be alert to the negative impact of excessive supply chain concentration.(3)In the process of cooperation with customers and suppliers,enterprises should make full use of the collected resources and information,while alerting to operational risks and financial risks,actively carry out corporate R&D and innovation activities,and lay a foundation for continuous innovation of products and services for enterprises.Good foundation.Enterprises can establish an information sharing mechanism with upstream and downstream enterprises,so that upstream and downstream enterprises can obtain more benefits and benefits in the process of feedback information,so as to guide customers and suppliers to actively participate in the enterprise's R&D activities,and establish mutual assistance,cooperation,and innovation.Relationship to achieve collaborative innovation among nodes in the supply chain.The research in this paper has certain limitations.Considering the objectivity and reliability of data collection,this paper makes a unilateral measurement of the independent variable supply chain concentration.It only uses the relevant indicators disclosed in the financial statements to measure the relationship between upstream and downstream enterprises in the supply chain.More single.When China's market develops better and more information about customers and suppliers is available,the concentration of the supply chain can be measured from more angles to make the research results more realistic.