Asset-Light Model, Supply Chain Resilience, and Corporate Performance An Empirical Study Based on Chinas A-Share Listed Companies

The emergence of the asset-light operational model provides a new direction for corporate transformation, enabling companies to improve market adaptability and overall operational flexibility by controlling the input of fixed and other heavy assets. This model has garnered considerable attention from enterprises; however, research on the impact and transmission mechanisms of this model on corporate development remains insufficient. In light of this, this paper uses A-share listed companies in China from 2012 to 2022 as the sample and empirically examines the impact of the asset-light operational model on corporate performance, while identifying the transmission mechanism through the lens of supply chain resilience. The study finds a significant positive correlation between the asset-light model and corporate performance. The mechanism test shows that the asset-light model promotes corporate performance growth by enhancing supply chain resilience, establishing a deduction pathway where the asset-light model drives corporate performance improvement. This paper enriches the research on the impact mechanisms of the asset-light model on corporate performance from a new perspective and provides a fresh direction for enterprises to improve performance through transformation in asset operation models.