产业链制度创新与企业韧性提升OA

As a crucial component of the comprehensive evaluation capability system,corporate resilience has emerged as a core topic in strategic management research.This paper,using A-share listed companies from 2011 to 2023 as the research sample,constructs a stacked difference-in-differences model to systematically examine the microeconomic effects and potential mechanisms of the"Chain Leader"policy,an industrial chain institutional innovation,on corporate resilience.The evidence shows that implementation of the policy significantly enhances corporate resilience,and this finding remains robust after addressing endogeneity concerns and conducting various robustness tests.Mechanism analysis indicates that the policy effectively strengthens corporate resilience by reducing principal-agent costs,improving financial allocation efficiency,promoting industry-academia-research integration,and stimulating labor and capital market vitality.Furthermore,the policy effect is more pronounced for firms located in eastern regions and areas with better business environments.It is particularly effective in non-labor-intensive industries,high-tech sectors,and highly competitive industries.Additionally,the policy effect is stronger for firms in chain leader positions and those facing significant financing constraints.Overall,this paper further offers theoretical support and policy implications for enhancing the resilience of China's industrial and supply chains and for adapting to uncertainties in global economic development.