Author(s)

Weiwei Liu ¹

Affiliation(s)

¹ Guangxi Normal University, Guilin, Guangxi, China

Corresponding Author

Weiwei Liu

ABSTRACT

A supply chain is a network structure formed by linking various stakeholders in modern production processes. How, then, does the distribution relationship between upstream and downstream segments of the supply chain affect the enterprise itself? Based on resource dependence theory, this study examines the mechanism through which supply chain concentration influences a firm's risk-taking level using a sample of Chinese A-share listed companies from 2008 to 2023. The results indicate that supply chain concentration enhances a firm's risk-taking level, a conclusion that remains valid after robustness tests. Mechanism tests reveal that supply chain concentration enhances risk-taking levels by reducing the firm's own information transparency. Heterogeneity analysis indicates that the effect of supply chain concentration on increasing risk-taking is more pronounced in state-owned enterprises and firms not audited by the Big Four. These findings provide micro-level evidence at the firm level for theoretical research in supply chain-related fields and offer practical guidance for risk investment and the management of related business operations.

KEYWORDS

Supply chain concentration, corporate risk-taking level, information transparency

CITE THIS PAPER

Weiwei Liu. The Impact of Supply Chain Concentration on a Company's Risk-Taking Capacity. Accounting and Corporate Management (2026). Vol. 8, No. 1, 123-136. DOI: http://dx.doi.org/10.23977/acccm.2026.080116.

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