Supply Chain Network and Corporate Leverage Manipulation

DOI

10.2991/978-94-6463-734-2_34How to use a DOI?

Keywords

supply chain network; leverage manipulation; information asymmetry

Abstract

Supply chain networks affect the information environment of the sector in which enterprises are located, and thus have an impact on the level of corporate leverage manipulation. Based on the analysis method of social networks, this paper uses inter-industry input-output data to construct China’s supplytrade network, and uses the data of Chinese listed companies from 2010 to 2019 as a sample to study the impact of supply chain network centrality on corporate leverage manipulation. The study found that the closer the sector is to the center, the more complex the information environment it faces. For the companies located in it, the greater the degree of information asymmetry between outsiders and insiders, and the greater the space for companies to engage in leverage manipulation out of selfish motives. This paper not only provides a new perspective of economic networks for the study of corporate leverage manipulation, but also improves the research on the information mechanism of input-output networks, and provides policy recommendations for China’s “deleveraging” work.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Qing Gui
PY  - 2025
DA  - 2025/05/27
TI  - Supply Chain Network and Corporate Leverage Manipulation
BT  - Proceedings of the 2025 10th International Conference on Social Sciences and Economic Development (ICSSED 2025)
PB  - Atlantis Press
SP  - 285
EP  - 291
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-734-2_34
DO  - 10.2991/978-94-6463-734-2_34
ID  - Gui2025
ER  -