Nexus of sustainability and organizational resilience: The role of operational slack

IF 11.1 1区管理学 Q1 ENGINEERING, INDUSTRIAL

Technovation Pub Date : 2025-02-01 DOI:10.1016/j.technovation.2024.103167

Fangxu Yan , Fu Jia , Lujie Chen , Asif Nazrul

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引用次数: 0

Abstract

The outbreak of COVID-19 provides a unique opportunity to examine new challenges for organizational resilience. This study empirically investigates the relationship between a firm's sustainability performance (in the form of an environmental, social, and governance [ESG] score) and its organizational resilience while considering the moderating effects of operational slack. To address these issues, we collected 1167 cross-sectional data points with samples in manufacturing firms from the China Stock Market & Accounting Research and the Wind Financial Terminal databases in the year 2020, when the manufacturing industry is severely hit by COVID. Using the ordinary least squares and Cox survival methods to conduct regression analyses, our results reveal that a firm's ESG performance has positive impacts on its resilience in the form of stability and flexibility. We also find that three types of operational slack (production capacity, labor productivity, and inventory slack) positively moderate the relationship between ESG performance and stability. Additionally, production capability slack and labor slack positively moderate the relationship between ESG performance and flexibility. By doing so, we contribute to the emergent stream of research on the nexus of sustainability and resilience in the context of a global pandemic.

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来源期刊

Technovation 管理科学-工程：工业

CiteScore

15.10

自引率

11.20%

发文量

208

审稿时长

91 days

期刊介绍： The interdisciplinary journal Technovation covers various aspects of technological innovation, exploring processes, products, and social impacts. It examines innovation in both process and product realms, including social innovations like regulatory frameworks and non-economic benefits. Topics range from emerging trends and capital for development to managing technology-intensive ventures and innovation in organizations of different sizes. It also discusses organizational structures, investment strategies for science and technology enterprises, and the roles of technological innovators. Additionally, it addresses technology transfer between developing countries and innovation across enterprise, political, and economic systems.