中国石油大学学报（社会科学版）2026，Vol.42Issue(2)：99-110,12.DOI:10.13216/j.cnki.upcjess.2026.02.0012
客户高管联结与供应商绿色投资
Customer Executive Interlocking and Supplier Green Investment
摘要
Abstract
Based on the ID information of the top five customers disclosed by China̍s A-share non-financial listed companies from 2010 to 2023,this study theoretically analyzes and empirically examines the impact of the executives interlocking between listed companies,acting as upstream suppliers,and their core customers on the suppliers̍ green investment and its underlying mechanism,in order to re-veal whether and how it can help downstream customers build green supply chains.Research has found that customer executives inter-locking has a significantly positive impact on suppliers̍ green investment,especially when the relationship between them is stable.The analysis of the influence mechanism shows that the customer executives interlocking assists in alleviating suppliers̍ financing con-straints,and the above influence depends on customers̍ bargaining power,indicating that customer executives interlocking has"re-source effect"and"supervision effect,"which enhances suppliers̍ green investment ability and motivation,thus promotes suppliers̍green investment.Further analysis shows that the promotion effect of customer executives interlocking on suppliers̍ green investment is more pronounced in low competitive industry enterprises,low industry regulatory enterprises,and enterprises in high legalization areas,which indicates that the promotion effect also depends on the external institutional environment faced by suppliers.关键词
高管联结/绿色投资/供应商—客户关系/绿色供应链Key words
executives interlocking/green investment/supplier-customer relationship/green supply chain分类
管理科学引用本文复制引用
王勇,徐文佳,汪华..客户高管联结与供应商绿色投资[J].中国石油大学学报（社会科学版）,2026,42(2):99-110,12.基金项目
国家社会科学基金一般项目(23BJY102) （23BJY102）
山东省自然科学基金面上项目(ZR2022MG060) （ZR2022MG060）
