Supply network centrality and ESG performance: A resource dependence perspective

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-03-27 DOI:10.1016/j.frl.2025.107322

Siying Quan , Peng Cheng , Jia Zhai

引用次数: 0

Abstract

In this study, we examine the relationship between a firm's social capital measured by its centrality in the supply network and its environmental, social, and governance (ESG) performance. Using data from China's A-share firms, we apply resource dependence theory and show a negative correlation between in-degree centrality and ESG performance. Specifically, firms with greater social capital from suppliers tend to allocate fewer resources for enhancing ESG performance, especially when facing financial constraints or low investor protection, or if state-owned enterprises. This study enriches the ESG literature by integrating network-based variables and provides valuable insights into sustainable performance within supply networks.

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在本研究中，我们研究了以企业在供应网络中的中心度衡量的企业社会资本与其环境、社会和治理（ESG）绩效之间的关系。通过使用中国 A 股企业的数据，我们运用资源依赖理论，研究发现内度中心性与环境、社会和治理绩效之间存在负相关关系。具体而言，拥有更多供应商社会资本的企业倾向于分配较少的资源用于提高环境、社会和公司治理绩效，尤其是在面临财务约束或投资者保护程度较低的情况下，或者是国有企业。这项研究通过整合基于网络的变量，丰富了环境、社会和公司治理方面的文献，并对供应网络内的可持续绩效提供了有价值的见解。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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