Data Asset Information Disclosure and Supply Chain Resilience: Evidence from China with a Sustainable Development Perspective

With global supply chain restructuring and the rapid development of the digital economy, improving supply chain resilience has become a critical issue for achieving sustainable development. This study empirically investigates the impact of data asset information disclosure on supply chain resilience using a sample of Chinese A-share listed companies from 2012 to 2024. The findings reveal that data asset information disclosure significantly enhances corporate supply chain resilience. This conclusion remains robust after a series of robustness tests (excluding impression management risk, alternative measurement of the core explanatory variable, and sample exclusion of special industries and shock periods) and endogeneity treatments (lagged regression, instrumental variable approach, and propensity score matching). Mechanism analysis indicates that disclosure enhances resilience by promoting technological innovation and alleviating financing constraints. Heterogeneity analysis shows that the positive effect is more pronounced in non-state-owned enterprises, firms in core supply chain positions, enterprises with high supply chain concentration, regions with a higher degree of marketization, and industries with low competition intensity. This study contributes to the literature on sustainable supply chain governance and offers practical implications for strengthening supply chain resilience and achieving high-quality sustainable development.