Tiered Cultivation of High-Quality SMEs and Supply Chain Bargaining Power

LIU Jinyu; HUANG Huilan; HAO Jing

Volume 41 Issue 4

Jul. 2026

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Article Navigation > Journal of Guangdong University of Finance & Economics > 2026 > 41(4): 92-105

LIU Jinyu, HUANG Huilan, HAO Jing. Tiered Cultivation of High-Quality SMEs and Supply Chain Bargaining Power[J]. Journal of Guangdong University of Finance & Economics, 2026, 41(4): 92-105.

Citation:

LIU Jinyu, HUANG Huilan, HAO Jing. Tiered Cultivation of High-Quality SMEs and Supply Chain Bargaining Power[J]. Journal of Guangdong University of Finance & Economics, 2026, 41(4): 92-105.

LIU Jinyu, HUANG Huilan, HAO Jing. Tiered Cultivation of High-Quality SMEs and Supply Chain Bargaining Power[J]. Journal of Guangdong University of Finance & Economics, 2026, 41(4): 92-105.

Citation:

LIU Jinyu, HUANG Huilan, HAO Jing. Tiered Cultivation of High-Quality SMEs and Supply Chain Bargaining Power[J]. Journal of Guangdong University of Finance & Economics, 2026, 41(4): 92-105.

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Tiered Cultivation of High-Quality SMEs and Supply Chain Bargaining Power

1.
China School of Banking and Finance, University of International Business and Economics, Beijing 100029
2.
School of Accounting, Capital University of Economics and Business, Beijing 100070, China

Received Date: 2026-03-19
Available Online: 2026-09-08
Publish Date: 2026-07-28

Abstract

Abstract

Enhancing corporate bargaining power within supply chains is a critical pathway for strengthening industrial chain resilience and ensuring economic security. Using panel data of A-share listed companies on the STAR Market and ChiNext from 2016 to 2023, this paper systematically evaluates the impact of the "Little Giant" certification on firms' bargaining power in supply chain. The results show that the policy certification significantly enhances firms' bargaining power. The effect is most pronounced among firms with technological barriers, while the marginal improvement is limited for firms located in economically developed regions or holding a high initial position in the supply chain. Mechanism analyses reveal three primary channels through which the policy certification improves bargaining power: diversifying financing sources and alleviating financial constraints; empowering firms to strengthen technological innovation capabilities, and facilitating capital expansion thereby strengthening firms' control over upstream and downstream partners. Furthermore, while the certification optimizes firms' positions within the supply chain network, it simultaneously amplifies the bullwhip effect. This study enriches the research perspective on tiered cultivation policies and supply chain governance, and provides empirical evidence for optimizing the SRDI cultivation policy.
- supply chain bargaining power,
- SRDI,
- financial constraints,
- technological innovation,
- capital expansion

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References(36)

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