Digital transformation and resilience of supply chain in manufacture listed firms: A backward spillover effects in the vertical supply chain relationship

Enhancing supply chain resilience is crucial for promoting high-quality economic development, and the application and innovation of digital technologies play a significant role in achieving this resilience. Based on the vertical relationship theory of industrial organization, this paper investigates the impacts and transmission mechanism of corporate digital transformation on supply chain resilience, demonstrating that digital transformation facilitates the optimization of supply-demand alignment, stabilization of the supply-demand connection, provision of supplier innovation capabilities, and, ultimately, the enhancement of supply chain resilience. The primary impact is achieved by improving the firms' total factor productivity and reducing resource mismatch.