New Energy Supply Chain Configuration Diversified Development: The Role of the Digital Economy

The profound integration of digital economy and supply chain is a crucial guarantee for enhancing the resilience and security of new energy supply chain. Existing research mainly focused on the impact of digital economy on enterprise internal characteristics, with relatively limited attention to the study of multi-agent collaboration in the supply chain. Based on data from listed new energy enterprises from 2011 to 2021, this paper employed a two-way fixed-effects model to explore the impact and mechanism of digital economy on the new energy supply chain configuration. The research reveals that: (1) Digital economy can significantly promote the supply chain configuration diversified development. After some endogeneity tests, the research results remain robust. (2) Digital economy can significantly enhance the downstream customer sales diversification, with limited impact on upstream supplier procurement. Non-state-owned enterprises in a disadvantaged position are more inclined to promote supply chain diversification through digitization. This impact is more pronounced in the eastern region. (3) Digital economy can promote the diversified development by improving the supply-demand matching accuracy, reducing external transaction costs, and promoting technological innovation. The research conclusion and policy suggestions can provide a theoretical basis for digital transformation and diversified development of new energy enterprises.