P2P supply chain financing, R&D investment and companies' innovation efficiency
Journal of Enterprise Information Management
ISSN: 1741-0398
Article publication date: 13 January 2021
Issue publication date: 28 January 2021
Abstract
Purpose
The purpose of this paper is to explore the impact of peer-to-peer (P2P) supply chain financing on companies' innovation efficiency.
Design/methodology/approach
This study takes the core companies that invest in the P2P platform as the research background and uses data for Chinese companies and the systematic Generalised Method of Moments (the systematic GMM) to explore the relationship between the improvement of supply chain efficiency, research and development (R&D) investment, and innovation efficiency.
Findings
This study indicates that core enterprise investment in P2P can cause a significant improvement in the efficiency of the supply chain and that this improvement can significantly motivate enterprises to increase R&D investment. Although the improvement of supply chain efficiency has no significant effect on improving companies' innovation efficiency, it can have a positive impact on innovation efficiency through the regulating role of R&D investment.
Research limitations/implications
This research shows several limitations such as single industry and few companies involved, but it analyses the impact of P2P supply chain financing on R&D investment, and companies' innovation efficiency and broadens the research field of P2P supply chain financing.
Practical implications
This article provides a theoretical direction for listed companies to invest in P2P platforms and achieve supply chain management. The research on the regulating role of this article provides a new way of thinking for the study of enterprise innovation.
Originality/value
This paper analyses the impact of the core enterprise investment in P2P on R&D investment and its subsequent impact on the companies' innovation efficiency, thus broadening the research field of P2P supply chain financing.
Keywords
Acknowledgements
This paper was supported by National Natural Science Foundation of China (Grant Nos. 71734001; 71934001); the National Social Science Foundation Project (Grant Nos. 17BGL266); Program for Liaoning innovative talents in University (Grant Nos. WR2019003); Dalian Youth Science and Technology Star Cultivation Project (Grant Nos. 2016RQ004); Science and technology innovation think tank project of Liaoning Association for science and Technology (Project No.:LNKX2019-2020A10).Fund Information: The National Natural Science Foundation of China (Grant Nos. 71734001; 71934001); the National Social Science Foundation Project (Grant Nos. 17BGL266); Program for Liaoning innovative talents in University (Grant Nos. WR2019003); Dalian Youth Science and Technology Star Cultivation Project (Grant Nos. 2016RQ004); However, authors are responsible for any error remains. Conflicts of Interest: All authors declare no conflict of interest.
Citation
Pan, X., Guo, S. and Chu, J. (2021), "P2P supply chain financing, R&D investment and companies' innovation efficiency", Journal of Enterprise Information Management, Vol. 34 No. 1, pp. 578-597. https://doi.org/10.1108/JEIM-07-2020-0258
Publisher
:Emerald Publishing Limited
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