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"New Quality Productive Forces and High-level Science & Technology Self-Reliance and Self-Strengthening" Column

Research on the Impact of New Quality Productive Forces on the  Diversified Configuration of Corporate Supply Chains 

—Empirical Evidence from Listed Companies from 2011 to 2024 

Wang Yin1, 2 , Li Mengqi2 , Wang Jingyi1 

(1.International Business School, Tianjin University of Finance and Economics, Tianjin 300221, China; 2.Business School, Tianjin University of Finance and Economics, Tianjin 300221, China

Abstract: In the complex environment marked by frequent geopolitical conflicts, trade frictions, and natural disasters, the risk of supply chain disruptions has been intensifying. Promoting  the evolution of corporate supply chains from centralization toward diversification has thus become a critical issue for enhancing the resilience and security of industrial and supply chains. New quality productive forces (NQPF), as an advanced productivity form driven by technological  innovation, bear the potential to reshape firms' resource allocation patterns and optimize  upstream-downstream collaborative relationships. Whether and how NQPF can achieve this has  drawn considerable attention from both academia and practice. However, existing studies have not yet fully revealed the impact of NQPF on corporate supply chain concentration or its underlying mechanisms, leaving a notable gap that calls for further investigation. Against this backdrop, drawing on the resource-based view and dynamic capabilities theory, and using data from Chinese A-share listed companies in Shanghai and Shenzhen over the period 2011-2024, this paper employs a two-way fixed effects model to empirically examine the effect of NQPF on supply  chain concentration and its intrinsic mechanisms. The findings aim to provide theoretical foundations and practical guidance for firms to optimize their supply chain structures and mitigate concentration risks under conditions of uncertainty. The empirical results show that, first, NQPF exerts a significant negative effect on customer concentration, supplier concentration, and overall  supply chain concentration, indicating that NQPF effectively drives the transition of corporate  supply chain configurations from centralization toward diversification. This conclusion remains  robust after a series of rigorous robustness checks. Second, NQPF reduces supply chain concentration through two pathways: improving production and operational efficiency and enhancing  green technological innovation capability. These two channels constitute key mediating links  connecting NQPF with supply chain diversification. Third, heterogeneity analyses reveal that the  negative effect of NQPF on supply chain concentration varies across firm size, ownership type, industry attributes, and regional distribution, thereby uncovering the boundary conditions and  contextual dependence of this effect. The theoretical contributions of this paper are threefold. First, grounded in the resource-based view and dynamic capabilities theory, it systematically reveals the promoting effect of NQPF on supply chain diversification, thereby extending the research frontier on the economic consequences of NQPF and enriching the antecedent analysis of  supply chain structure in the literature. Second, it clearly identifies two mediating pathways— production and operational efficiency and green technology innovation—deepening our understanding of the micro-level mechanisms through which NQPF operates. Third, through multidimensional heterogeneity analysis, it systematically delineates the applicability boundaries and  conditional dependencies of NQPF's impact on supply chain concentration, providing an analytical framework for future disaggregated research and offering empirical evidence for policymakers  to implement targeted measures and for corporate managers to adopt tailored strategies. 

Key words: new quality productive forces; supply chain concentration; production and operational efficiency; green technology innovation; technological innovation; resource-based view; dynamic capabilities theory; two-way fixed effects model