客户企业数字化转型能否促进供应商企业创新信息披露?OACHSSCD

Digital transformation has become a key driver for fostering high-quality development of new productive forces.Exploring the supply chain transmission mechanism through which digital transformation empowers corporate innovation is of both theoretical and practical significance for deepening"chain-based"digital transformation and alleviating firms'innovation information constraints.From the perspective of peer effects within supply chains,this study employs supply chain data of A-share listed companies from 2012 to 2023 to empirically examine the impact and mechanisms of customer firms'digital transformation on suppliers'innovation information disclosure.The findings indicate that customer firms'digital transformation significantly enhances suppliers'innovation information disclosure,thereby mitigating suppliers'information constraints related to innovation.These results remain robust after a series of endogeneity treatments and robustness tests.Peer effects play a mediating role in this process.First,a direct peer effect exists:digital transformation improves customer firms'own level of innovation information disclosure,which is then transmitted along the supply chain,encouraging suppliers to increase their disclosure.Second,an indirect peer effect operates:digital transformation of customer firms promotes upstream suppliers'digital transformation,which in turn enhances their innovation information disclosure.Heterogeneity analysis further reveals that the supply chain information alleviation effect is more pronounced when customer and supplier firms share common institutional ownership,are geographically proximate,or maintain closer cooperative relationships.Overall,the results confirm that digital transformation generates a supply chain-based alleviation effect on innovation information constraints.This study provides a new perspective for understanding the transmission mechanisms of digital transformation within supply chains and offers empirical evidence and policy implications for governments and firms seeking to address challenges in innovation information disclosure and promote high-quality development.