Supplier Carbon Management and Firm Idiosyncratic Risk: Empirical Evidence From China

IF 10.2 2区管理学 Q1 MANAGEMENT

Journal of Supply Chain Management Pub Date : 2024-11-11 DOI:10.1111/jscm.12334

Zhifang Zhou, Yixiang Dai, Shangjie Han, Tao Zhang, Jinhao Liu, Xiaohong Chen

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Abstract

Although existing research emphasizes the importance of internal carbon management (CM) in influencing firm risk, the impact of external stakeholder CM on firm risk remains unclear. This study employs signaling theory to explore how supplier CM affects firm idiosyncratic risk (IR), alongside the moderating roles of the supply chain information environment and the criticality of firm–supplier relationships. The findings of this study demonstrate that supplier CM can reduce firm IR. The risk reduction effect is strong when the information environment between a firm and its suppliers is rich and when the dependency between the firm and its supplier is strong. Path analysis reveals that supplier CM primarily reduces firm IR by alleviating information asymmetry. Moreover, the risk reduction effect increases for firms with small sizes. This research extends the application of signaling theory to supply chain research and bridges the gap between the CM and firm IR literature within the context of supply chain management.

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供应商碳管理与企业特质风险：来自中国的经验证据

虽然现有研究强调内部碳管理（CM）对企业风险的影响，但外部利益相关者的CM对企业风险的影响尚不清楚。本研究运用信号理论探讨供应商风险管理如何影响企业特质风险（IR），以及供应链信息环境和企业-供应商关系的关键性的调节作用。研究结果表明，供应商供应链管理可以降低企业IR。当企业与供应商之间的信息环境丰富、企业与供应商之间的依赖性较强时，风险降低效应较强。路径分析表明，供应商供应链管理主要通过缓解信息不对称来降低企业IR。此外，对于规模较小的企业，风险降低效果更明显。本研究扩展了信号理论在供应链研究中的应用，并在供应链管理的背景下弥合了供应链管理和企业IR文献之间的差距。

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来源期刊

Journal of Supply Chain Management MANAGEMENT-

CiteScore

16.00

自引率

6.60%

发文量

期刊介绍： ournal of Supply Chain Management Mission: The mission of the Journal of Supply Chain Management (JSCM) is to be the premier choice among supply chain management scholars from various disciplines. It aims to attract high-quality, impactful behavioral research that focuses on theory building and employs rigorous empirical methodologies. Article Requirements: An article published in JSCM must make a significant contribution to supply chain management theory. This contribution can be achieved through either an inductive, theory-building process or a deductive, theory-testing approach. This contribution may manifest in various ways, such as falsification of conventional understanding, theory-building through conceptual development, inductive or qualitative research, initial empirical testing of a theory, theoretically-based meta-analysis, or constructive replication that clarifies the boundaries or range of a theory. Theoretical Contribution: Manuscripts should explicitly convey the theoretical contribution relative to the existing supply chain management literature, and when appropriate, to the literature outside of supply chain management (e.g., management theory, psychology, economics). Empirical Contribution: Manuscripts published in JSCM must also provide strong empirical contributions. While conceptual manuscripts are welcomed, they must significantly advance theory in the field of supply chain management and be firmly grounded in existing theory and relevant literature. For empirical manuscripts, authors must adequately assess validity, which is essential for empirical research, whether quantitative or qualitative.