Can Vertical Mergers and Acquisitions of Renewable Energy Enterprises Enhance Supply Chain Resilience?—Empirical Verification Based on Multi-Period Difference-in-Differences Model

Sustainability, Год журнала: 2025, Номер 17(7), С. 3211 - 3211

Опубликована: Апрель 4, 2025

Given the global imperative for energy transition, vertical mergers and acquisitions (M&As) have become a strategic lever renewable enterprises to enhance supply chain resilience. This study examines performance of Chinese A-share listed from 2011 2023. By constructing an evaluation index system resilience, employs multi-period difference-in-differences (DID) model examine impact M&As on resilience mediating effect supplier concentration. The results demonstrate that vertically merged is generally stronger than non-M&A counterparts, with significant upward trend observed in M&A during period. However, lower compared manufacturing firms. Vertical conclusion remains valid after series robustness tests. mitigate concentration further enterprises. Heterogeneity analyses reveal has more pronounced low financing constraints high growth potential. In solar power, lithium hydrogen industries, had greater promoting provides empirical evidence decision-making guidelines adopt strategies enhancing

Язык: Английский

Impact of Fintech on supply chain resilience

International Review of Financial Analysis, Год журнала: 2025, Номер unknown, С. 104241 - 104241

Опубликована: Апрель 1, 2025

Язык: Английский