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Challenges to corporate supply chain stability under the trend of expert power concentration

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  • Jin, Hong

Abstract

Drawing upon a comprehensive dataset spanning from 2012 to 2022, encompassing China's A-share listed companies, this study delves into the intricate relationship between fluctuations in directors' power concentration and the stability of corporate supply chains. Our findings reveal a salient trend: heightened concentration of directors' expert power negatively impacts the resilience of supply chains within these firms. Notably, this inhibitory effect is exacerbated in enterprises harboring ambitious business expectations. Furthermore, the intensification of expert power concentration is observed to deteriorate the quality of corporate disclosures, thereby indirectly undermining supply chain stability. Concurrently, an excessive concentration of expert power within the boardroom undermines the internal governance capabilities of the firm, exacerbating the adverse consequences on supply chain stability.

Suggested Citation

  • Jin, Hong, 2025. "Challenges to corporate supply chain stability under the trend of expert power concentration," International Review of Financial Analysis, Elsevier, vol. 97(C).
    • Handle: RePEc:eee:finana:v:97:y:2025:i:c:s105752192400752x
    DOI: 10.1016/j.irfa.2024.103820
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