Can supply chain procurement digitization boost cash flow growth for energy associated enterprise:Based on quasi-natural experiments and double difference models
ZHANG Min
ZHOU Hongwei
ZHANG Wang
ZOU Sheng
Abstract：This paper explores the relationship between procurement digitization and cash flow growth of energy affiliates.With the help of the exogenous shock environment constructed by the pilot work of supply chain innovation and application,this paper systematically examines the impact of supply chain procurement digitization on the cash flow level of energy affiliates based on the data of A-share energy affiliates from 2012 to 2022.It is found that supply chain procurement digitization significantly promotes the growth of cash flow of energy affiliates,and the conclusion still holds after a series of robustness tests.Mechanistic analyses indicate that supply chain procurement digitization contributes to the growth of cash flow levels of energy affiliates by improving firms'market performance,firms'financing efficiency and firms'resilience,and supply chain transparency positively moderates the relationship between supply chain procurement digitization and the promotion of cash flow of energy affiliates.Heterogeneity analyses indicate that supply chain procurement digitization promotes cash flow more significantly for private firms,two-employee independent firms,and growth and maturity stage firms.
Keywords：supply chain procurement digitizationenergy associated enterprisedouble difference modellingcash flowrisk managementfinancing efficiency
Publication Date：2024-12-20
Online Publishing Date：2025-08-15(First online date of this platform, not the publication date of the document)
Pages：8( 132-139 )