Liu Yijun, Kim Seungwoon, Sun Jonghak
School of Supply Chain Management, Ningbo Polytechnic, Ningbo, Zhejiang, 315800, China.
College of Business and Economics, Jeonbuk National University, Jeollabuk-do, 54896, Republic of Korea.
Heliyon. 2024 Aug 21;10(17):e36623. doi: 10.1016/j.heliyon.2024.e36623. eCollection 2024 Sep 15.
Since the emergence of smart logistics as a vital paradigm, it has garnered significant interest from independent firms and governments worldwide, including China. This study aims to examine the relationship between Smart Logistics Policy (SLP) and firm performance both theoretically and empirically. Utilizing data from A-share companies listed on the Shanghai and Shenzhen stock exchanges between 2012 and 2017, this study analyzes the relationship between SLP and firm performance using Propensity Score Matching (PSM) and Difference-in-Differences (DID). The results indicate that SLP significantly enhances a firm's financial performance. Additionally, a heterogeneity test on financial performance reveals that the impact of SLP varies based on ownership and industrial sector. Unexpectedly, SLP has a negative impact on corporate social responsibility (CSR) performance. The heterogeneity test on CSR performance shows that the SLP effect on CSR exhibits no significant difference based on ownership. Furthermore, the impact of SLP on CSR is significantly greater for manufacturing firms compared to non-manufacturing firms. Consequently, this study offers theoretical support and empirical evidence regarding the effects of SLP on firm performance.
自智能物流作为一种重要范式出现以来，它已引起包括中国在内的全球独立企业和政府的极大关注。本研究旨在从理论和实证两方面考察智能物流政策（SLP）与企业绩效之间的关系。利用2012年至2017年在上海和深圳证券交易所上市的A股公司的数据，本研究采用倾向得分匹配法（PSM）和双重差分法（DID）分析了SLP与企业绩效之间的关系。结果表明，SLP显著提高了企业的财务绩效。此外，对财务绩效的异质性检验表明，SLP的影响因所有权和产业部门而异。出乎意料的是，SLP对企业社会责任（CSR）绩效有负面影响。对CSR绩效的异质性检验表明，SLP对CSR的影响在所有权方面没有显著差异。此外，与非制造企业相比，SLP对制造企业CSR的影响显著更大。因此，本研究为SLP对企业绩效的影响提供了理论支持和实证证据。
