Study on the impact of supply chain risk perception by listed Chinese fisheries companies on total factor productivity

In addition to being a key component of global economic growth, the fishing industry is also essential for environmental preservation and climate change adaptation. Improving management’s understanding of supply chain risks has emerged as a crucial strategy for the fishing sector to address globalization issues, adapt to market fluctuations, maintain competitiveness, and ensure product quality and sustainability in light of the growing complexity and unpredictability of global supply chains. This study looks at listed fishing companies in China between 2012 and 2023. It creates indicators for management’s perception of supply chain risk and examines its effect on total factor productivity (TFP) using data from yearly reports and co-occurrence frequency analysis. Empirical findings show that corporate TFP is greatly increased by increased management understanding of supply chain hazards. Mechanism experiments demonstrate that firms can effectively estimate demand uncertainty, prevent resource dispersion resulting from strategy overreach, and enhance inventory management efficiency by possessing acute management knowledge of supply chain risks. This lays the groundwork for TFP growth.