Abstract
In the context of a highly uncertain global economic environment, exploring the relationship between supply chain allocation and total factor productivity (TFP) of renewable energy enterprises not only helps to optimize the support policy for renewable energy but also ensures the resilience of supply chain and promotes the micro foundation of energy transition. Based on the data of listed renewable energy enterprises in China from 2010 to 2022, this research systematically verifies the impact of the relative choice of diversification and concentration on the TFP of renewable energy enterprises from the perspective of the enterprise supply chain. The results show that: (1) Supply chain diversification can improve the TFP of renewable energy enterprises, but the impact of supply chain configuration on small and medium-sized enterprises is more significant. (2) Through mechanism analysis, it is revealed that supply chain diversification can improve the TFP of renewable energy enterprises mainly through three channels: improving the asset turnover, reducing the performance fluctuation, improving the knowledge absorptive capacity. (3) Compared with other industries, it is found that renewable energy enterprises are more vulnerable to the impact of climate change, which is the main reason for the heterogeneous impact of renewable energy supply chain configuration. Based on the above research, this study proposes policy suggestions to optimize the supply chain of renewable energy enterprises, so that renewable energy enterprises can reduce the potential fluctuation risk, by taking into account the cost reduction and efficiency increase.
Published Version
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